Rich Lister Nick Andrianakos has bought a $170 million half stake in an Adelaide shopping mall, his third such deal in three years as he taps the quiet rebound under way in retail real estate.
Sometimes dubbed the “petrol king”, Mr Andrianakos arrived in Australia from Greece in 1966 and went on to build his fortune through the Milemaker chain of petrol stations, which he sold to Caltex in 2016 while retaining the freehold.
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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. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
