ASX-listed Perth-based property fund manager Primewest has added two more Sydney retail properties to its new $300 million property trust targeting neighbourhood shopping centres.

Charter Hall offloaded the assets – Pemulwuy Marketplace and West Ryde Marketplace – for a combined $91.5 million, at a 1 per cent discount to their December book value, representing a yield of 5.5 per cent and 5.25 per cent respectively.