Thursday, 6 April 2017
New South Wales
Punchbowl Shopping Centre Sold (www.afr.com)
Real Asset Management has acquired the Broadway Plaza in Punchbowl for $41.2 million ($4,873/m² of lettable area), reflecting a yield of 8%.
The centre comprises 8,455m² of lettable area and is anchored by a Woolworths tenant with three mini-majors and 27 specialty shops.
Brisbane Office Building Sold (www.theaustralian.com.au)
Axis Capital has acquired a 13,100m² office building at 545 Queen Street, Brisbane for $70 million ($5,343/m² of lettable area).