Sold: Kogarah Town Centre sells off market for $47.5m

Stonebridge is pleased to announce the sale of Kogarah Town Centre for $47.5 million to a Private Investor, reflecting a passing yield of 6.95%.

Kogarah Town Centre comprises a Sydney metropolitan neighbourhood centre offering over 6,485sqm of lettable area, anchored by Woolworths and Aldi, 1 mini major, 18 specialty tenants and the Kogarah Tavern.

Stonebridge Director Philip Gartland said, “The sale of Kogarah Town Centre is our fourth off market retail transaction for the year and our third in Sydney. The acquisition of well-located properties close to or above transport infrastructure with less conventional tenure is becoming increasingly attractive to purchasers in today’s market, with the increasing intensification of inner metropolitan areas & the future latent potential that might exist on these prime sites.”

For further information please contact Philip Gartland at Stonebridge on +61 2 9254 9900.

Latest news

May 2019
For Sale: Dominant LFR Centre in the heart of Western Sydney
Homemaker Prospect – A Dominant and Established Large Format Retail Centre on a substantial 6.5 hectare land holding in the Heart of The Greater Western...
Read More
April 2019
Stonebridge Appoints Neil Proudlove, Director of Property Management
Stonebridge Appoints Neil Proudlove, Director of Property Management Stonebridge Property Group has bolstered its retail Property Management team with the appointment of Neil Proudlove as...
Read More
April 2019
Canberra Retail Investment Market to Face Rare Test
Manuka Terrace Shopping Centre offered for sale – set to be the first neighbourhood retail transaction in the ACT since 2015. Stonebridge Property Group has...
Read More
March 2019
Crossroads Homemaker Centre sold for $140 million
AMP Capital Diversified Property Fund has sold Crossroads Homemaker Centre to Ashe Morgan for $140.0 million, highlighting continued demand for Sydney metropolitan retail assets. Located...
Read More