Investment house Qualitas partnered by Perth-based Greenpool Capital have bought a half stake Runaway Bay Shopping Centre on the Gold Coast, striking a $128 million deal with Perron Group, the real estate empire put together by the late billionaire Stan Perron.

For Qualitas, the acquisition – the deal was struck on a yield of around 6.25 per cent – fits well with its strategy of targeting convenience-based centres
located in strong growth catchments.