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Owners head for the exit at $1.8b Pacific Fair mall
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Preparations are under way for a potential full sell-down of one of the Gold Coastâs best-known shopping centres, the $1.8 billion Pacific Fair, in what could become the biggest single deal yet in the retail real estate sector.
While the mooted sale is being pursued through two separate processes, the overall divestment carries significant implications for the broader sector, for shopping mall owners and their investors. It will set the first benchmark price through sale for a major mall following the pandemic disruption of the past 18 months.
Pacific Fair shopping centre on the Gold Coast underwent a major redevelopment in 2016.Â