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Rich Lister Nick Andrianakos’s first investment into a shopping centre comes almost half a century after the Greek migrant bought his first petrol station in 1973, going on to create the Milemaker chain of fuel outlets.
Ballroom dancing, big bands and yoga are ways of using unoccupied retail space as landlords morph traditional shopping centres away from the big box at each end of a walkway into living and breathing malls.
An industrial property in Perth's south has been sold for more than $16 million following strong buyer demand in the sector.
A successful sale of the Melbourne shopping centre will leave the private equity giant with just two malls to divest.
The mooted sale will test the depth of appetite of shopping centres, which rebounded last year on the way to a record tally in mall transactions.