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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.
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.
Far from the grassroots movement it claimed to be, the 'No' campaign against the Voice to Parliament was funded by some of Australia's wealthiest.
Mall sales have slowed somewhat this year after two bumper years and amid renewed concerns about the retail sector’s resilience as cost of living pressures rise.
ASIC has confirmed it has placed interim stop orders on the offer and distribution of two managed funds directly to retail investors in response to deficiencies in the funds’ target market determina