THE final three retail assets in Frasers Property Australia and Japanese developer Sekisui House's A$2 billion mixed-use Central Park development in Sydney's central business district are being put up for sale in a single deal that is expected to fetch more than A$170 million.
Colliers International's head of retail investment services, Lachlan MacGillivray, has been appointed to sell the CBD retail assets via an International Expressions of Interest campaign starting in early May. He added that the neighbouring Central Station, which is undergoing a A$955 million upgrade, is less than a 500 metre walk away.
Colliers' Mr MacGillivray noted that the Central Park precinct continues to"grow from strength to strength", with customer traffic having grown 33 per cent, and sales up by 56 per cent since 2014.
Source: News Formal (newsformal.com)
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