Weekly Transaction Update - 22nd June
This week we recorded 17 major transactions worth $317M.
The largest deal this week was the acquisition by Macau based Loi Keong Kuong of the Sold Boardwalk at Surfers Paradise for $90M. This asset was put into the hands of the receivers in 2012 following the collapse of the developers of Soul, Juniper Group. The retail centre first came to market in 2015 with CBRE but failed to sell. Three years later and with a better retail mix, the centre offers $7.1m in net income from its three levels of strata retail space totalling 6936sq m as well as 181 basement car bays