Pialba Place Centre sells for $35M


Fund Management Group M/Group acquired Pialba Place Centre for $35M from the Vinta Group. The Centre was acquired in an off-market transaction of which $22million was raised through a company-managed property investment fund.

The purchase price represents a yield of approximately 8% on passing net income.

The Centre is anchored by Coles and Big W and approx 30 specialty stores with a Weighted Average Lease Expiry (WALE) of 7 years.

The asset is 3.5 hours drive from Brisbane at the gateway to Fraser Island and located on a 4.38 hectare site that occupies an island block surrounded by three street frontages.

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Capital Management Australia

PO Box R1254

SYDNEY   NSW   1225

Tel: +61 412 173 476

Email: warwick@cmaust.com

ABN: 32 610 910 819

AFSL: 493605

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