Scarcity drives demand for smaller, resilient malls

The Meadow Heights shopping centre in Melbourne’s outer north is one of only a handful of neighbourhood malls to have changed hands in the Victorian capital in almost two years.

24/01/2022 9:47:00 AM

The Meadow Heights shopping centre in Melbourne’s outer north is one of only a handful of neighbourhood malls to have changed hands in the Victorian capital in almost two years.

The Meadow Heights shopping centre in Melbourne’s outer north is one of only a handful of neighbourhood malls to have changed hands in the Victorian capital in almost two years.

ShareA Sydney investor has snapped up Meadow Heights Shopping Centre, a neighbourhood mall in Melbourne’s outer north, in a “sight unseen” deal for $22 million.Once part of the shopping mall empire run by Centro – which all but collapsed after the global financial crisis – and subsequently held privately, the mall is the only neighbourhood shopping centre with at least 10 specialty stores to have sold on market last year. The deal has just settled.

Meadow Heights Shopping Centre is one of the few neighbourhood malls in Victoria to have changed hands in the past two years.“The popular local shopping centre is one of only a handful of neighbourhood centres to have transacted in metropolitan Melbourne in almost two years,” said selling agent Rick Silberman, Savills director of retail investments.

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Police hope CCTV can solve 2020 Sydney shooting murderPolice today released new CCTV of the Toyota driving through dark streets in Tregear, in Sydney&x27;s west, around the time Adnan Salameh was shot dead in front of his girlfriend. With todays image enhancement technology... they show you this crap.