Although no specific building plans have been announced, Vestar has said that there are a few stores they have shown immense interest in keeping. You must be logged in to post a comment. Sharing Facebook Twitter Email. Go au naturale. In a retail real estate repositioning move, the ASX-listed group said the Riverside Plaza buy was consistent with its strategy of repositioning sub-regional shopping centres. A fund managed by Vicinity Centres offloaded the shopping centre which comprises 21,sq m of lettable area on a 3.
The shopping centre is anchored by a Coles supermarket and 45 specialty shops. The deal reflects a passing yield of 7. One of the hardest-hit market segments during the Covid pandemic, the retail sector is facing structural change. In its latest real estate debt capital markets survey, Stamford Capital found that 91 per cent of respondents believe the retail market is in decline. Listed on the ASX in , Elanor has assets and funds under management across Australia and New Zealand, with a focus on the commercial office, healthcare real estate, retail and hotel tourism sectors.
Sunday, November 14, Latest News. Top Stories. This occurred less than 40 years after the property was originally constructed; The historic designation was in part due to the concepts and design brought forward by world renowned architect Ralph Rapson. The rehabilitation focused on substantial upgrades to the mechanical and electrical systems that will extend the lifespan of the property for another 40 years.
See 6 Photos. Today Riverside Plaza brims with the enterprising spirit of people from places all over the world. For full functionality please enable JavaScript in your browser settings. Need Help? Get Directions. Roise and Elizabeth A. Tour navigation: Previous Tour Info Next.
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