Vicinity Centres finalises Australia’s largest retail transaction in 2024 $420 million Joondalup deal
Vicinity Centres has outlaid $420 million for a 50 per cent stake in Western Australia’s coveted Lakeside Joondalup in Australia’s largest 2024 retail transaction. CBRE’s Head of Retail Capital Markets Simon Rooney acted on behalf of the Future Fund to sell the stake.
According to Cushman & Wakefield’s Rethinking Australian Offices 2024 report and based on an analysis of 250 leasing briefs in the Sydney and Melbourne CBDs in the past 12 months, 45% of tenants changing offices within the CBD moved into a higher-grade space.
The Collie Central Shopping Centre sold anchored by strong performing Woolworths is only the third neighbourhood centre to trade in WA in 2024 financial year. Sold by JLL’s Sean Flynn and Nigel Freshwater in conjunction with Jim Tsagalis of Lease Equity
The Karalee Medical Centre sold $7.1m Burgess Rawson
The Karalee Medical Centre Chuwar Queensland sold for a notable $7.1 million, reflecting a yield of 6.5 per cent by Burgess Rawson's team of Raoul Holderhead, Andrew Havig, Rick Jacobson, and Tom Lawrence.
Warwick Home & Life Centre sold for $11,800,000 by Colliers
Regional Large Format Retail Centre transacts at the sharpest yield recorded in the last 18 Months. Warwick Home & Life Centre sold for $11,800,000 by Colliers' James Wilson, Harry Dever and Marlon Crawford.
