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AMP Capital sells off Lawson centre

Matthew Cranston
Matthew CranstonUnited States correspondent

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AMP Capital Investors has sold 61-79 Henry Street in Penrith, Sydney, off market for $16.49 million. The 8596 square metre Henry Lawson Centre was sold to an organisation on a yield of 7.78 per cent. The tenants include The Goodguys, which occupies 37 per cent of the lettable area, Koorong Books and the Penrith Medical Centre taking out most of the remainder. The site will be the biggest privately owned retail investment in the Penrith CBD. The property has frontage to three streets, is opposite the Penrith Court House and close to the Penrith railway station. The land area is 16,160 sq m and there are 190 car spaces. Raine & Horne Commercial selling agent Paul Kennedy negotiated the sale.

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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com

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    Original URL: https://www.afr.com/property/amp-capital-sells-off-lawson-centre-20080619-janw3