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Lendlease offloads centre for $136m to DeGroup We’re sorry, this service is currently unavailable. Please try again later. Dismiss Save Normal text size Advertisement Private investor Colin DeLutis’ DeGroup has added to its growing shopping centre portfolio after buying Lendlease’s Caroline Springs mall in a $136.5 million deal. The purchase of CS Square, a 25,308 square metre hub with three supermarkets and discount department stores, on a yield of around 6 per cent sets a strong post-COVID benchmark for an asset class plagued by uncertainty. CS Square, in Melbourne’s west, has three supermarkets. A Kmart is coming as well. Credit:

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