IP Generation has acquired AMP Capital's half stake in a Rockingham shopping centre for $180 million, with Vicinity Centres retaining the other 50 per cent as co-owner.
Shopping centre giant Vicinity Centres has felt the full force of WA's weak retail climate, after it recorded a $227 million write-down, largely due to the performance of its WA portfolio, which had $191 million wiped off its value.
Miss Maud's Swedish Hotel and Restaurant at the corner of Pier and Murray streets has been sold to private company Stockholm Hotel Management, with the price rumoured to be around $10 million.
