Friday, 3 February 2017

Victoria

Geelong Hotel Sold (www.theaustralian.com.au)

• Event Hospitality and Entertainment has acquired the 138 room Mercure Hotel on Myers Street, Geelong for $25 million ($181,159/key).

• The purchaser has proposed to undertake major renovations and reposition the hotel as a Rydges Hotel.

Queensland

Redbank Plains Sub-Regional Shopping Centre Sold (www.theaustralian.com.au)

• Rockworth Capital Partners has acquired the Redbank Plains sub-regional shopping centre on Redbank Plains Road, Redbank Plains for$160 million ($5,926/m² of GLAR), reflecting a yield of 6%.

• The centre comprises 27,000m² of GLAR and is anchored by a Woolworths, Coles, ALDI, Target and Daiso.

• The centre is currently 95% occupied.

Tewantin Shopping Centre Sold (www.theaustralian.com.au)

• A private investor has acquired Poinciana Place shopping centre on Poinciana Avenue, Tewantin for $17.3 million ($5,570/m² of GLAR), reflecting a yield of 5.9%.

• The centre comprises 3,106m² of GLAR and is anchored by a Woolworths with 10 specialty tenancies.

#GeelongHotelSold #RedbankPlainsSubRegionalShoppingCentreSold #TewantinShoppingCentreSold