Perron Group eyes exit at Adelaide’s Colonnades mall

Nick LenaghanProperty editor

Feb 7, 2022 – 3.37pm

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The ramp-up in retail real estate transactions has rolled into the new year with a half stake in Adelaide’s Colonnades Shopping Centre put on the market from the property portfolio established by billionaire Stan Perron.

The Rich Lister died four years ago, aged 96, after assembling a $4 billion fortune spanning investments in office blocks, shopping centres, car distribution and iron ore royalties. Since then, the Perron Group has been rationalising its holdings, ploughing proceeds from the divestment of some assets back into the platform’s development pipeline.

Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts.