Retail investment rebounds to $2.4b

Original article by Larry Schlesinger
The Australian Financial Review – Page: 29 : 10-Jul-18

Retail real estate investment in Australia rose from just $751m in the March 2018 quarter to $2.4bn in the June quarter, according to Cushman & Wakefield. Major deals in the second quarter included the sale of a 50 per cent stake in the Grande Plaza Shopping Centre in Brisbane to Invesco for $215 million. Cushman & Wakefield expects sales activity in the sector to remain strong in the second half of 2018.

CORPORATES
CUSHMAN AND WAKEFIELD PTY LTD, CANADA PENSION PLAN INVESTMENT BOARD, AUSTRALIA. FUTURE FUND MANAGEMENT AGENCY, INVESCO ASSET MANAGEMENT LIMITED, QIC LIMITED, VICINITY CENTRES – ASX VCX, STOCKLAND – ASX SGP, RAM

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