Hot property: Two more shopping centres sold as east coast demand soars

 The appetite for retail shopping centre properties on the east coast of Australia shows no sign of dissipating, with the announcement today of two further sales of regional assets in Pottsville, on the north coast of Northern New South Wales and in the northern Gold Coast suburb of Biggera Waters.

Pottsville Central Shopping Centre, located at 11-13 Coronation Street in Pottsville on the far north coast of Northern New South Wales was sold for $10.2 million to private investors and the Metro Market Centre, less than 12km from the Gold Coast CBD, was sold for $39.4 million to an undisclosed Melbourne-based private investor.

The deals follow hot on the heels of yesterday’s news that managed property investment fund EG acquired a 50 per cent stake in the Grand Plaza shopping centre in the Brisbane suburb of Browns Plains for $215 million.

Read More: https://www.businessnewsaustralia.com/articles/two-more-shopping-centres-sold-for-combined--50m-as-demand-for-east-coast-regional-assets-soars.html



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