Find in the news:
BY COUNTRY

Sale of Bayswater shopping center for $22m



A family based in Sydney has purchased the Mountain High Shopping Center in Bayswater, 35 kilometers from Melbourne’s CBD for around $22m.
The center was sold for a passing yield of around 7.3%, which indicates that there is higher competition among domestic institutions and private investors, promoted by the low cost of debt.

Although sale agents, Mark Wizel and Justin Dowers from CBRE were not prepared to confirm the details of the deal, industry insiders speculate that it settled at above $22m.

Mr. Dowers revealed that in excess of $750m worth of non-discretionary center assets below the value of $100m have been in Victoria over the past year and a half, although overall volumes were lower compared to the previous year.
According to Mr. Wizel, some of the owners of shopping centers have taken advantage of the low interest rates and refinanced their properties over the medium term, thus succeeding in keeping the assets off the market.  This has impacted on the supply of investment products in Victoria.

Mountain High Shopping Center consists of gross leasing space of 7674m², with 30 retail tenants and a Coles supermarket, which signed a new 20-year lease.

A large sub-regional retail development in Reservoir has since been placed on the market, expecting to fetch a price of about $80m.
There are other regional shopping centers which are currently for sale.  

Colliers International has stated that Victoria has surpassed NSW as the busiest retail investment area within Australia.  The shift can be attributed to the GPT Wholesale Shopping Center Fund obtaining a 50% share in Northland Shopping Center during March, for $496m.

More about shopping malls in Australia



May 24, 2024, USA:
Stüssy is preparing to launch the new archive store in Brooklyn, New York, for one month.
May 23, 2024:
Located on Broadwick Street in Soho, London.
May 22, 2024, USA:
Luxury fashion house Balenciaga inaugurated its first standalone store in Chicago, Illinois.
May 21, 2024, France:
Some fashion brands are opting to hold their showroom presentations in Milan this season due to logistical challenges posed by the Olympics.
May 20, 2024:
The collection follows the recent launch of Zara's 'Timelesz' line and represents another step in enhancing its kids' division.
May 17, 2024:
David Beckham has signed a multi-year design deal with Hugo Boss
Friend
and Follow
Plaza Singapura GLA:482 311 SF
ADDRESS: Plaza Singapura, 68 Orchard Rd, Singapore 238839
Singapore . Singapore
Plaza Singapura
Forum Istanbul GLA:1 883 684 SF
ADDRESS: Kocatepe Mahallesi, Pasa Caddesi 34045 Bayrampasa
Turkey . Istanbul
Forum Istanbul
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet
Designer Outlet Malaga GLA:322 917 SF
ADDRESS: 29004, Málaga, Spain
Spain . Malaga
Designer Outlet Malaga


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us