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The sale of Casuarina Square by GPT to Sentinel follows 18 months of turmoil in the retail property sector that has dramatically reset shopping mall values.

Fund managers spend $70m on neighbourhood malls in WA, Qld Save Share Adelaide-based investment manager FRP has struck the biggest shopping centre deal in WA this year after acquiring Woolworths-anchored Yanchep Central in Perth’s northern suburbs for $41 million. The deal adds to the weight of institutional capital targeting neighbourhood centres anchored by supermarkets and non-discretionary retailers. Woolworths-anchored Yanchep Central sold on a yield of 6.6 per cent.  The 6673 square metre centre at 2 Peony Boulevard was built in 2012. Related Quotes Advertisement Alongside a Woo...