Friday, 21st December 2018
Shopping Centre Sold to Real Estate Fund Manager (AFR)
Keilor Central shopping centre (80 Taylors Road, Keilor Downs VIC 3038) in Melbourne has been dealt to Real estate fund manager Fort Street for a reported $113 million. The previous owners of the 19,700m² centre situated on 9.1ha were ASX listed Vicinity Centres. The centre was sold on close to full occupation on an initial yield of 6.3%
Stockland Continue to Sell (The Australian)
Development mainstay Stockland has continued the remodelling of its portfolio with the sale of The Grove housing estate in Tarneit VIC 3029 to Singaporean-owned Frasers Property. The sale is reported to be $202.5 million for the project covering 167ha yielding 1,780 lots and is expected to be completed in 2021.