Calamvale Central Shopping Centre Sells For $62 Million

THE Australian Property Growth Fund, as trustee for the Domaine SEQ Growth Fund which is being wound up, has sold the Calamvale Central Shopping Centre in Brisbane for $62 million.

The sale price reflects a yield of passing yield of 8.15 per cent.

The 17,326 square metre complex at 662 Compton Road in Calamvale, in the city’s southern suburbs, is anchored by two retailers until 2027: Woolworths and Big W. It also includes 61 specialty stores.

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Centro Properties Expected to List $4 Billion Portfolio

CENTRO Properties Group is expected to list for sale a $4 billion portfolio of prime retail assets, as its bankers call for the company to settle its debts.

It’s expected Perth’s Galleria complex, and The Glen, in the south-east Melbourne suburb of Glen Waverley will be two of the 40-plus assets offered for sale.

Lend Lease, Colonial First State Global Management and AMP Capital Investors are expected to be in the mix of prospective purchasers, though the sale might also be on an individual shopping centre basis.

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