Search
  • Patrick Ewing

Thursday, 20th December 2018


New South Wales

Wollongong Shopping Centre Dealt by Blackstone (AFR)

  • Private equity giant Blackstone has sold off more of its shopping centre portfolio, this time to a joint venture between Singaporean group SPH REIT and Moelis Australia (85%/15%). The 21984m² Figtree Grove Shopping Centre was sold for $206 million ($9370/m²) on a yield of 6% with key tenants such as Kmart, Coles and Woolworths.

Blackstone Snaps Up Share of Sydney CBD Office Block (The Australian)

  • Hong Kong investment management firm PAG has sold their 50% share of the property at 60 Margaret Street Sydney NSW 2000 for $4420 million to equity giant Blackstone. The site of 39,560m² houses both the city’s sixth-largest office tower and the MetCentre at the foot of the building. Blackstone joins Mirvac as joint owners of the building.

#WollongongShoppingCentreDealtbyBlackstoneAF #BlackstoneSnapsUpShareofSydneyCBDOfficeBl #Blackstone #ShoppingCentre #Wollongong #WollongongShoppingCentre #SydneyCBD #SydneyCBDOffice #PAG #SPHREIT #MoelisAustralia #MetCentre

91 views