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Pub broker Andrew Jolliffe says the flurry of January deals points to another busy year for the sector after $2.2 billion of these assets were sold in 2022.
Investor Jacky Cheung purchased the Bunnings in Hoppers Crossing on a new low yield of 3.95 per cent having identified it as “the safest place to park” his money.
New houses, new renovations and the pursuit of home comforts while working from home have kept the once-unloved large format retail sector chugging along.
Demand from Asian commercial property investors has increased now borders have re-opened.
Doors at the brand new store are expected to open sometime next week