Free Subscription

  • Access 15 free news articles each month

Professional

Try one month for $7
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • 10% discount on events
×

Investor snaps up SA suburban centre

A Woolworths-anchored shopping complex in South Australia has sold for $21.81 million, highlighting the pent-up demand for retail investment opportunities in suburban precincts. The convenience-based shopping centre at 297 Peachey Road, Munno Para, in Adelaide’s north, has sold to a local private investor following a hotly contested expressions-of-interest campaign. Savills Australia’s Rino Carpinelli and Steven Lerche brokered the deal on a yield of 7.3 per cent, saying they had anticipated