Perth David Jones, Hay Street Mall, Sells For $115 Million

PERTH’s David Jones store in the CBD has sold to the Singapore listed Starhill Global REIT for almost $115 million.

The asset was put to the market by MCS28, a syndicate managed by Centro Properties Group.

The 4-level property on Hay Street Mall was valued at $114.5 million in June (down 13 per cent since last year). It sold on a yield of 7.75 per cent.

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