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FULL OWNERSHIP: Charter Hall-managed funds have moved to 100 per cent ownership of Metcash’s Canning Vale distribution centre.

$275m week for retail, industrial sectors

THE lively start to the year for Perth’s property market has continued, with four substantial retail and industrial properties changing hands in the past week in deals worth an estimated $275 million.

The largest sale was a 50 per cent stake in Centro Mandurah shopping centre, which is believed to have sold at or about book value of $124 million.

The Phoenix shopping centre in Spearwood has also changed hands, and property agents are confident more centres will be sold this year.

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Gross lettable area

12th-Belmont Forum Shopping Centre41,900
13th-Forrest Chase41,300
14th-Mandurah Forum38,300
15th-Ocean Keys Shopping Centre37,889
16th-The Shops At Ellenbrook32,394
156 shopping centres ranked by gross lettable area (gla) in m2

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