Centennial expands reach into the retail sector securing equity in Parkstone Funds Management – aims to build $1bn niche retail portfolio
BRISBANE, QLD: Last month’s sale of Bundaberg’s largest shopping centre – Hinkler Central – for $107m through a partnership between Centennial and Parkstone Funds Management has cleared a path for Centennial’s expansion into the country’s top regional and large format retail sectors. As part of the Hinkler Central transaction, acquired from the Queensland government’s investment […]
Parkstone and Centennial buy top performing Bundaberg retail centre
Parkstone Funds Management, in partnership with fund manager Centennial, has exchanged contracts to the purchase Bundaberg’s biggest and highest performing retail precinct, the Hinkler Central Shopping Centre, for $107 million. The 21,000 square metre mall located in Maryborough Street is anchored by Woolworths, Kmart and Coles and includes a further 65 retail and dining spaces. […]
Investors splash out $75m on supermarket retail
A private investor and Adelaide fund manager Parkstone have splashed out $75 million on neighbourhood malls and freestanding supermarkets on the east coast as a deep pool of buyers seeks exposure to the non-discretionary retail property sector. Leading the charge, the Hansen family, founders of ASX-listed Hansen Technologies has cashed in on this appetite selling […]
Parkstone snaps up Woolworths duo
Property investment manager Parkstone has snapped up two Woolworths-anchored retail centres in Adelaide and Wagga Wagga, for more than $40 million. The acquisitions include the $20 million transaction for stand-alone Woolworths Wagga Wagga, that boasts a trading history of more than $40 million a year, which is set to undergo a major refurbishment. While Woolworths […]
