Page 2 - Warren Ebert News Today

The sale of Casuarina Square by GPT to Sentinel follows 18 months of turmoil in the retail property sector that has dramatically reset shopping mall values.

Fund managers spend $70m on neighbourhood malls in WA, Qld Save Share Adelaide-based investment manager FRP has struck the biggest shopping centre deal in WA this year after acquiring Woolworths-anchored Yanchep Central in Perth’s northern suburbs for $41 million. The deal adds to the weight of institutional capital targeting neighbourhood centres anchored by supermarkets and non-discretionary retailers. Woolworths-anchored Yanchep Central sold on a yield of 6.6 per cent.  The 6673 squa...