MA Financial has sold an Australian regional shopping centre to a private investor for A$103m (€61m).
The Corrimal Village transaction was completed at an in-place yield of 5.13%, representing the return based on the property’s current rental income at the time of sale.
James Wilson, Colliers’ head of retail middle markets, Australia retail capital and middle markets, said: “This transaction represents the largest non‑metro neighbourhood centre sale nationally since 2021 and reflects the depth of capital targeting quality daily‑needs retail.
“The off‑market process generated competitive interest from private capital, resulting in the sale to a high‑net‑worth NSW investor highlighting the continued pent‑up demand for defensive, convenience‑led assets with strong income durability.”
Wilson, who brokered the deal, said the centre benefited from a long-standing Woolworths Group lease extending to 2032, supported by turnover-linked rent mechanisms that further enhanced income stability.
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