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Private investors spend more than $100m on regional malls

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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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    Original URL: https://www.afr.com/property/commercial/private-investors-spend-more-than-100m-on-regional-malls-20210716-p58aeh