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.

Read more

Yarra Glen Shopping Centre, Melbourne, Sells For $8.4 Million

A near-new, neighbourhood shopping centre on a massive 9.3 hectare site, most of which can’t be redeveloped, sold for $8.4 million last month to a local private investor.

The Yarra Glen Shopping Centre (aerial, right) was one of several Mortgagee Sale campaigns offered last year. A supermarket – leased to Ritchies Supa IGA until 2028 – fills 70 per cent of the 3747 square metre complex which also includes 11 specialty stores.

Read more

Lang Walker to Pocket $200 Million From Point Cook Town Centre Sale, Melbourne

SYDNEY-based billionaire property developer Lang Walker is hoping to achieve about $200 million from the sale of a near new shopping centre, in a near-new suburb, in Melbourne’s west.

Funds from the sale of the Point Cook Town Centre will go toward funding the development of Australia’s largest single office development – Collins Square, in Docklands.

Collins Square will include five office buildings, flanked by a lower level shopping centre, exploiting the 200 metre frontage of Mr Walker’s Docklands site. All up the project is expected to add 185,000 square metres of high end office space to the Melbourne market.

Read more
error: Content is protected !!