Stockland in $70m play for Centro Hervey Bay

Stockland is reportedly paying about $70 million for shopping centre Centro Hervey Bay.

The asset is being offloaded by Centro and Bob Ell’s Leda Holdings.

With 15,569 square metre of lettable area, it is anchored by a SupaIGA, Kmart, Coles and Target/

It also contains 48 specialty retailers.

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Marc Pallisco

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

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