Retail property market selling for $170m on Sydney’s Central Park
26 Apr 2019
Hoping to defy the gloom in retail property market, Frasers and Sekisui are selling their $2 billion mixed-use Central Park development in Sydney. The offer in the inner-city complex expects to draw new breed of buyers who are after leisure-based assets.
Major landlords such as Mirvac, Lendlease and Scentre are switching focus to lifestyle centres. While some centres are falling in values, the best city retail assets are still rising ...