Private investors spend more than $100m on regional malls
Larry SchlesingerReporter
Private investors splashed out more than $100 million on Victorian neighbourhood shopping centres, supermarkets and large-format retail properties, highlighting the growing appetite for non-discretionary and essential services-focused retail assets.
Leading the charge, Coles-anchored Torquay Village near Geelong on the Surf Coast changed hands for $40 million on a yield of about 5 per cent.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
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