Stockland takes 100 percent of Sugarland, Bundaberg

Stockland takes 100 percent of Sugarland, Bundaberg
Stockland takes 100 percent of Sugarland, Bundaberg

Stockland has acquired the remaining 50 percent stake in the shopping centre formerly known as Sugarland Shoppingtown in Bundaberg, completing its 100 per cent acquisition of the centre.

Stockland acquired the remaining stake in the centre, which will now be rebranded as Stockland Bundaberg, for $61.5 million from a client of AMP Capital.

Stockland acquired its initial 50 percent stake in the centre from an AMP Capital managed fund for $59.25 million in October 2014.

John Schroder, Group Executive and CEO Commercial Property at Stockland, said Stockland Bundaberg SAT amongst the most productive shopping centres in their national retail portfolio. 

Stockland Bundaberg is a 22,795 square metre sub-regional shopping centre anchored by Woolworths, Big W and JB Hi Fi, and includes four additional mini-majors and 64 specialty stores. It is the anchor mall at the centre of the rapidly growing West Bundaberg retail precinct.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Shopping Centre Commrcial Sale

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