Businessman Garry Allan Carter joins rush of capital into large-format, convenience retail sectors
Share A convicted former criminal has paid $46 million – $1 million above the expected price – for the Homebase Wagga retail centre in regional NSW in an early indication of the rush this year to put money into large-format and convenience-anchored malls. Property records show Homebase Wagga was acquired by Metro Diversified Property Management, a company wholly owned and solely directed by Garry Allan Carter. Homebase in Wagga Wagga sold on a yield of 7.4 per cent. Mr Carter, a corporate high-flyer in the 1980s and 1990s who was named Business Review Weekly's property businessman of t...
Source: afr.com