Retail

ISPT Acquires Caloundra Village

ISPT has acquired Caloundra Village, an established neighbourhood centre 75km north of Brisbane CBD via the ISPT Retail Australia Property Trust (IRAPT) for $30.5m.

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Tipalea Lodges DA for new Devonport Retail Centre

Leading retail property developer Tipalea Partners has lodged a development application with Devonport City Council for a new $40 million 7,500 square metre retail centre set to be delivered in 2024.

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Coles Lalor transacts for a sharp 2.98% yield

Justin Dowers said, “The sale of Coles Lalor shows again that investors are seeing more value to freestanding supermarkets than just a pure income investment. Metropolitan Melbourne freestanding supermarkets sit on some of the most strategic and valuable land parcels in Melbourne, which is a factor that we are now seeing consistently priced in.”

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