ISPT's acquisition of a 50% share of Myer Centre in Brisbane from Colonial First State Retail Property Trust is the biggest shopping centre transaction for the year to date, according to figures compiled by Jones Lang LaSalle.
The sale of the indebted Top Ryde City shopping centre to US private equity firm the Blackstone Group this week for $341 million ranks as the second biggest deal of the year.
Jones Lang LaSalle head of retail investment Simon Rooney, who advised on all but one of the top 10 transactions, says the sale of the Centro portfolio to the Perron Group was clearly the most significant deal of the year. The Perron Group acquired 50% stakes in the Colonnades in South Australia, the Glen in Victoria and the Galleria in Western Australia for a combined $690.4 million.Click to enlarge
Source: Jones Lang LaSalle