Private Investors Spend $87.5 Million on Two Eastern Seaboard Homemaker Centres

TWO major homemaker centres in east coast Australia have sold for a combined $87.5 million.

Colonial First State sold the Homeworks Caringbah complex in Sydney’s south for $49 million. The 14 year old complex on a 2.055 hectare site is anchored by Harvey Norman and a Nick Scali furniture, and is 98 per cent occupied.

In Queensland, Mirvac sold the Morayfield Supa Centre for $38.5 million. The single level complex about 40 kilometres north of Brisbane is anchored by a Spotlight and Fantastic Furniture.

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