IOOF has chosen a large format retail centre in Sydney’s west as its latest acquisition, investing $68m in the property.Local developers Frank and Anthony Carioti developed the 3.1ha site at 11 John Hines Avenue, Minchinbury having acquired it in 2018 for $18.96m.The Centre comprises 10,770sqm of bulky goods retail space divided into 25 tenancies including Petbarn, Supercheap Auto, RSEA, Autobarn and Anytime Fitness as well as a mix of restaurants and specialty retail within close proximity to Bunnings Warehouse, Officeworks, Repco, Hungry Jacks & KFC.IOOF acquired the Centre off market on a yield of 5.7%.Colliers’ John McCann and Frank Oliveri helped broker the deal.The sale continues a string of large format retail centre sales in recent weeks.Last week, Altis sold their 21,768sqm Lake Haven Homemaker Centre to Metro Diversified Property Group for $46.25m and in earlier July HomeCo Daily Needs REIT acquired the Town Centre, Victoria Point in Queensland for $160m, representing a 4.75% yield.The newly constructed Craigieburn Junction Large Format Lifestyle centre in Melbourne’s northern growth corridor is currently on the market via JLL’s Nick Willis & Sam Hatcher and Stonebridge’s Justin Dowers & Philip Gartland with expressions of interest closing 12th August 2021.John Hines AvenuePrevious ArticleNext Article
Local developers Frank and Anthony Carioti developed the 3.1ha site at 11 John Hines Avenue, Minchinbury having acquired it in 2018 for $18.96m.The Centre comprises 10,770sqm of bulky goods retail space divided into 25 tenancies including Petbarn, Supercheap Auto, RSEA, Autobarn and Anytime Fitness as well as a mix of restaurants and specialty retail within close proximity to Bunnings Warehouse, Officeworks, Repco, Hungry Jacks & KFC.IOOF acquired the Centre off market on a yield of 5.7%.Colliers’ John McCann and Frank Oliveri helped broker the deal.The sale continues a string of large format retail centre sales in recent weeks.Last week, Altis sold their 21,768sqm Lake Haven Homemaker Centre to Metro Diversified Property Group for $46.25m and in earlier July HomeCo Daily Needs REIT acquired the Town Centre, Victoria Point in Queensland for $160m, representing a 4.75% yield.The newly constructed Craigieburn Junction Large Format Lifestyle centre in Melbourne’s northern growth corridor is currently on the market via JLL’s Nick Willis & Sam Hatcher and Stonebridge’s Justin Dowers & Philip Gartland with expressions of interest closing 12th August 2021.John Hines AvenuePrevious ArticleNext Article
The Centre comprises 10,770sqm of bulky goods retail space divided into 25 tenancies including Petbarn, Supercheap Auto, RSEA, Autobarn and Anytime Fitness as well as a mix of restaurants and specialty retail within close proximity to Bunnings Warehouse, Officeworks, Repco, Hungry Jacks & KFC.IOOF acquired the Centre off market on a yield of 5.7%.Colliers’ John McCann and Frank Oliveri helped broker the deal.The sale continues a string of large format retail centre sales in recent weeks.Last week, Altis sold their 21,768sqm Lake Haven Homemaker Centre to Metro Diversified Property Group for $46.25m and in earlier July HomeCo Daily Needs REIT acquired the Town Centre, Victoria Point in Queensland for $160m, representing a 4.75% yield.The newly constructed Craigieburn Junction Large Format Lifestyle centre in Melbourne’s northern growth corridor is currently on the market via JLL’s Nick Willis & Sam Hatcher and Stonebridge’s Justin Dowers & Philip Gartland with expressions of interest closing 12th August 2021.John Hines AvenuePrevious ArticleNext Article
IOOF acquired the Centre off market on a yield of 5.7%.Colliers’ John McCann and Frank Oliveri helped broker the deal.The sale continues a string of large format retail centre sales in recent weeks.Last week, Altis sold their 21,768sqm Lake Haven Homemaker Centre to Metro Diversified Property Group for $46.25m and in earlier July HomeCo Daily Needs REIT acquired the Town Centre, Victoria Point in Queensland for $160m, representing a 4.75% yield.The newly constructed Craigieburn Junction Large Format Lifestyle centre in Melbourne’s northern growth corridor is currently on the market via JLL’s Nick Willis & Sam Hatcher and Stonebridge’s Justin Dowers & Philip Gartland with expressions of interest closing 12th August 2021.John Hines AvenuePrevious ArticleNext Article
Colliers’ John McCann and Frank Oliveri helped broker the deal.The sale continues a string of large format retail centre sales in recent weeks.Last week, Altis sold their 21,768sqm Lake Haven Homemaker Centre to Metro Diversified Property Group for $46.25m and in earlier July HomeCo Daily Needs REIT acquired the Town Centre, Victoria Point in Queensland for $160m, representing a 4.75% yield.The newly constructed Craigieburn Junction Large Format Lifestyle centre in Melbourne’s northern growth corridor is currently on the market via JLL’s Nick Willis & Sam Hatcher and Stonebridge’s Justin Dowers & Philip Gartland with expressions of interest closing 12th August 2021.John Hines AvenuePrevious ArticleNext Article
The sale continues a string of large format retail centre sales in recent weeks.Last week, Altis sold their 21,768sqm Lake Haven Homemaker Centre to Metro Diversified Property Group for $46.25m and in earlier July HomeCo Daily Needs REIT acquired the Town Centre, Victoria Point in Queensland for $160m, representing a 4.75% yield.The newly constructed Craigieburn Junction Large Format Lifestyle centre in Melbourne’s northern growth corridor is currently on the market via JLL’s Nick Willis & Sam Hatcher and Stonebridge’s Justin Dowers & Philip Gartland with expressions of interest closing 12th August 2021.John Hines AvenuePrevious ArticleNext Article
Last week, Altis sold their 21,768sqm Lake Haven Homemaker Centre to Metro Diversified Property Group for $46.25m and in earlier July HomeCo Daily Needs REIT acquired the Town Centre, Victoria Point in Queensland for $160m, representing a 4.75% yield.The newly constructed Craigieburn Junction Large Format Lifestyle centre in Melbourne’s northern growth corridor is currently on the market via JLL’s Nick Willis & Sam Hatcher and Stonebridge’s Justin Dowers & Philip Gartland with expressions of interest closing 12th August 2021.John Hines AvenuePrevious ArticleNext Article
The newly constructed Craigieburn Junction Large Format Lifestyle centre in Melbourne’s northern growth corridor is currently on the market via JLL’s Nick Willis & Sam Hatcher and Stonebridge’s Justin Dowers & Philip Gartland with expressions of interest closing 12th August 2021.John Hines AvenuePrevious ArticleNext Article
