Woy Woy shopping complex sells for $111m ragtrader.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ragtrader.com.au Daily Mail and Mail on Sunday newspapers.
A group of shopping mall divestments will help establish pricing benchmarks in sub-regional sector, as values in the broader commercial property market adjust to the effect of higher interest rates.
Shepparton Marketplace has been sold to the Singapore-based Sim Lian-Metro Capital for $88.1 million, after attracting strong interest from private and institutional.
The deal punctuates a slowdown in the rate at which malls have been changing hands over recent months, after last year’s frenetic pace drove retail real estate deals to a record.