Billionaire Nick Andrianakos has struck his biggest single property deal yet, taking a $385 million half stake in Melbourne’s Northland shopping mall as he consolidates his wealth with an expanding commercial real estate portfolio.
It is the fourth time in as many years that Andrianakos has swooped into the big-mall sector and in all of those deals he has emerged as a co-investor with ASX-listed Vicinity Centres.
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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
