RETAIL SALES

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SOLD

405 High Street, Maitland, NSW, 2320

Retail

$46,000,000

Leiba Commercial has finalised the sale of the Maitland Riverside Plaza Shopping Centre via an off market process for $46,000,000. The sale of the shopping centre reflects a yield of 5.9%. The shopping centre is anchored by a strong performing KMART, Aldi supermarket and Best & Less as well as 12 specialties and 6 food tenancies. The shopping centre is located in the Hunter Valley region of NSW approximately 35 km’s from Newcastle and is a strong performing shopping centre servicing the daily needs of the catchment area.

SOLD

538 Plenty Road, Mill Park, VIC, 3082

$32,250,000

Retail

Leiba Commercial brokered the off market sale of the Rivergum Village Shopping Centre on behalf of a private vendor. The neighbourhood shopping centre is anchored by a strong trading Woolworths and complimented by 9 specialty shops. The centre is fully leased and was sold on a strong cap rate of 4.75% and was another example of an excellent result that Leiba Commercial was able to achieve off market for one of its clients.

825 Princes Highway, Pakenham, 3180, VIC

$98,150,000

Retail

SOLD

Leiba Commercial sold the Pakenham Lifestyle Centre to Home Consortium (HomeCo) for $98,150,000. The sale of the large format retail centre was facilitated via an off market process on behalf of a private property syndicate on a yield of 5.85%. The yield of 5.85% was a strong cap rate for a large format retail centre in Victoria. The centre was anchored by a number of notable national retailers and sits on a large 7 hectare parcel of land.

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SOLD

117-125 Canterbury Road, Blackburn South, 3130, VIC

$29,300,000

Retail

Leiba Commercial sold the freestanding Woolworths supermarket in Blackburn South off market to a local investor based in Melbourne. The sale price reflected a yield of 2.46% and set a new benchmark nationally for single tenanted supermarkets. The vendor was also a local private investor based in Melbourne.

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SOLD

299 Montacute Road, Newton, 5074, SA

$35,000,000

Retail

Leiba Commercial facilitated the sale of the Newton Village Shopping Centre on behalf of the vendor, The Makris Group of Companies, to the end purchaser, Revelop. The shopping centre is anchored by Coles and Woolworths along with 25 specialty stores and is located in an affluent location in metro Adelaide. The deal was conducted off market.

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SOLD

2 Commercial Lane, Gawler, 5118, SA

Retail

$32,050,000

Harmony Property Syndication has acquired a Big W and Woolworths supermarket retail centre in Gawler, north of Adelaide, for $32.05 million. The Adelaide-based syndicator purchased the site from Gawler Property Holdings in an off-market deal negotiated by Leiba Commercial.

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SOLD

55-67 Frankston - Dandenong Rd, Dandenong South, 3175, VIC

Retail

$29,800,000

Brisbane-based Sentinel Property Group has beefed up its Melbourne portfolio acquiring a large format retail centre in Dandenong for $29.8 million. The busy property syndicator has picked up the fully-leased Home Quarter complex in Melbourne's south-east, anchored by nine national retail tenants. The deal was negotiated by Leiba Commercial's Marc Leiba. It is Sentinel's third retail acquisition in Melbourne.

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SOLD

Grand Blvd & Bitts Rd, Seaford Meadows, 5169, SA

$21,200,000

Retail

MPG Funds purchased the Seaford Meadows Shopping Centre, a single-level neighbourhood centre in a deal brokered by Marc Leiba of Leiba Commercial

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SOLD

59 Mernda Village Drive, Mernda, 3754, VIC

Retail

$17,000,000

The fully leased neighbourhood complex is anchored by a 3200-square-metre Woolworths supermarket and also includes eight specialty shops covering 1000 square metres. A private investor purchased this through Marc Leiba of Leiba Commercial.

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SOLD

153-157 Elizabeth St, Coburg North, 3085, VIC

Retail

$18,900,000

The Centre is anchored by a full-line Woolworths supermarket and BWS outlet complemented by seven specialty tenants.

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SOLD

11-17 Station Road, Melton South, 3338, VIC

Retail

$10,500,000

A private investor purchased the Coles anchored shopping centre with 8 specialties. The deal was brokered by Marc Leiba of Leiba Commercial