Mirvac Makes $29.5 Million From Chester Square Shopping Centre Sale

Mirvac is also trying to sell Queensland’s Morayfield Supa Centre, which it acquired with Chester Square, when it took over its listed satellite Mirvac Real Estate Investment Trust.

Chester Square measures 8299 square metres of enclosed space and is anchored by a Woolworths. It includes 28 specialty shops.

The sale price reflects a yield of about 8.5 per cent, according to the AFR which reported the sale.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.