Kiwis buy Bondi Beach retail
The Auckland-based Cook Property Group has emerged as the buyer of the Beach House Lane retail centre on Sydney's Bondi Beach.
It sold for $31.3 million, on a passing yield of 5.9 percent.
The 1166-square-metre fully-leased retail arcade runs from Campbell Parade to Curlewis Street, adjacent to Hotel Bondi.
It was reported as sold last month by Property Observer.
Cook Property, founded by commercial property investor Ben Cook, was also the buyer of the 14,760-square-metre Bunnings warehouse in Sydney's Eastgardens for $56 million last year.
Last year, Mr Cook bought one of Auckland's most expensive homes, when he paid $NZ24 million ($22.4 million) for a three-level, six-bedroom house in Herne Bay.