Regional push: SCA Property Group adds Ballarat mall to portfolio
Of the five malls acquired by SCA Property Group this financial year, four have been in regional towns.
Source: afr.com
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Wollongong Woolworths sold on 4pc yield
Local developer and builder Pasquale Lucchitti has bought a Woolworths in Wollongong for $36 million on a very low yield for a regional mall.
Source: afr.com
Mall giants provide earnings guidance on Christmas rebound hopes
Alongside its earnings forecast, SCA Property Group acquired the Moggill Village mall from developer Don O’Rourke for $55m.
Source: afr.com
Rich Lister Paul Lederer sells $300m malls portfolio to IP Generation
Rich Lister Paul Lederer has sold the six-asset malls portfolio he and his late uncle spent decades putting together, to up-and-coming property fund manager IP Generation, led by Chris Lock.
Source: afr.com
SCA goes shopping in Mt Isa
SCA goes shopping in Mt Isa Share SCA Property Group has beefed up its holding in regional Australia after buying the Coles and Kmart-anchored Mount Isa Village mall for $44.2 million from an ISPT fund. Under the deal, struck on an initial yield of 7.34 per cent, SCA takes ownership of the only major shopping centre in the remote northern Queensland mining town and the only one with air-conditioning. Mt Isa Village is the only major mall in the remote mining town. Mt Isa is more than 1800 kilometres by road from Brisbane and about 900 kilometres from Townsville. “We’ve bought a good sol...
Source: afr.com