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Armada buys Dandenong Plaza for $197m

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Armada Funds Management has purchased Dandenong Plaza in Victoria for $197 million from GPT Group.

The deal is one of the largest mall transactions of the year and is a sign of GPT's successful refurbishment of the centre following department store Myer's exit.

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Mercedes Ruehl writes on real estate specialising in sales, leasing and residential properties. Connect with Mercedes on Twitter.

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    Original URL: https://www.afr.com/property/armada-buys-dandenong-plaza-for-197m-20151221-glsg6v