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A WEST Australian-based fund manager has refurbishment plans having snapping up a neighbourhood shopping centre south west of Brisbane.
Primewest Funds paid $35.25 million for the Yamanto Shopping Village and Yamanto LFR (Large Format Retail) Centre in Queensland.
Property syndicator Primewest has bought the former Perth showroom of failed toy retailer Toys R Us as part of a $15 million acquisition of two neighbouring large-format retail assets.
Property funds manager Primewest is pushing deeper into the large-format sector by snapping up a homemaker centre in Rockhampton, Queensland for $38 million.
Primewest acquires Ipswich large-format retail centre for $3625m in addition to the purchase of Sentinel’s Dandenong Home Quarter in Melbourne’s south east for $32.5 m.
Property fund manager, Primewest from Harrington Property Group, has acquired West Gosford Hometown for $45 million from Stonebridge Property Group in an off-market sale.
A 2017 article in the West regarding Primewest and 4 major property assets valued at over $83m.
A Colliers International article outlining the sale of Darling Ridge Shopping Centre in 2016.
A 2015 article in the West Australian outlining 3 major shopping centre sales worth more than $130 million coordinated by Mark Werrett while at Colliers International.
An article in Business News outlining growing market pressures on major retailers in 2015.
Bunbury Centrepoint and Stirlings Retail Centre merger details outlined in a 2014 article from the Bunbury Mail.