The Future Fund and the Canada Pension Plan Investment Board have sold their 50 per cent stake in the Rockingham Shopping Centre south of Perth to AMP Capital for about $300 million, as part of a broader deal to sell $500 million of shopping centres.
The 50 per cent stake deal highlights the frenetic pace of Australia's retail centre reshuffle, which included a deal last week in which $1.1 billion of centres were swapped between Australia's second- largest shopping centre landlord Vicinity, and Singapore's GIC.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter.
