Purchased

Medical & retail multi-tenanted shopping centre

  • Diverse tenancy mix including big name anchor tenants
  • Well designed, modern centre with exposure to arterial roads
  • 151 car parks and four street frontages

Building Type: Shopping Centre
Building Area: 2,616m2

Land Area: 9,925m2
WALE: 3.58

How we helped this client

Initially we were planning an internal syndication with this asset, however, half way through the capital raise we found there was strong demand from one of our valued clients to acquire it in its entirety. They had a strong connection with the shopping center and purchased it for a long term yield play. The market has since tightened following yield compression, locking in high capital growth over the last two years, being worth at least $2.5 million more than what our client paid in 2021.

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