Melbourne commercial real estate: Centuria Capital secures $500m institutional investment mandate
Centuria Capital has secured a $500 million institutional investment mandate on behalf of a US private investment firm.
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Centuria Capital has secured a $500 million institutional investment mandate on behalf of a US private investment firm.
Billionaire veteran private developer Bob Ell’s Leda Holdings is adding to his recent deals and taking advantage of the booming demand for warehouse space in Sydney’s south with the sale of a large holding offering development potential.
The sale of the 1.4ha site close to Sydney Airport was at a 39 per cent premium to what Mr Ell’s Leda Holdings paid for it in 2019.
After the banks sold thousands of bank branch freeholds in the 1990s, it comes as a surprise to find there was any property left on their bulging balance sheets.
After the banks sold thousands of bank branch freeholds in the 1990s, it comes as a surprise to find there was any property left on their bulging balance sheets.