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Cairns Central snapped up for $390 million

Cairns Central snapped up for $390 million
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Perth , Western-australia , Australia , Fawkner , Victoria , Melbourne , Port-macquarie , New-south-wales , Mount-pleasant , South-australia , Simon-rooney , Stockland-traralgon

ASX LLC: Lendlease $390m sale of Cairns Central becomes second larget mall deal of the year

The $390 million sale of Cairns Central brings to a close a protracted effort by Lendlease to raise capital to meet redemption requests in its flagship shopping centre fund.

Adelaide , South-australia , Australia , Craigieburn , Victoria , Perth , Western-australia , Fawkner , Australian , Charter-hall , Simon-rooney , Collier-lachlan-macgillivray

Haben expects a Townsville mall to deliver an 8.5pc return

A flurry of mall deals has kicked off the week, including Stockland divesting its Townsville mall to Haben and Charter Hall divesting two malls for a total of $225.5 million.

Fawkner , Victoria , Australia , Mornington , Adelaide , South-australia , Morphett-vale , Townsville , Queensland , Southgate-square , Stuart-taylor , Sam-hatcher

Centennial and Parkstone set to buy Bundaberg mall Hinkler Central from Queensland Investment Corp for $107m

Fund managers Centennial and Parkstone are in due diligence to buy Hinkler Central for $107 million, less than what QIC paid for it in 2015.

Melbourne , Victoria , Australia , Adelaide , South-australia , Shepparton , Warrnambool , Fawkner , Port-macquarie , New-south-wales , Smithfield , Tim-mcintosh