This article is from the Australian Property Journal archive
A LOCAL private investor has paid $46.6 million for the DFO Jindalee retail centre in Brisbane’s western.
The centre was sold by private owner and developer, Factory Outlets Jindalee Pty Ltd, on a yield understood to be around 7% and follows the recently reported sale of the DFO Cairns retail centre in North Queensland for around $40 million.
The deal was negotiated by Savills Peter Tyson, following a formal marketing campaign conducted by Peter Tyson, Jon Tyson and Steven Lerche.
“The sale process drew strong interest from a wide range of investor groups and generated nine competitive bids.
“DFO Jindalee is one of only two dedicated direct factory outlet centres in the Brisbane trade area and the new owner plans to continue the DFO operation and retain the centre’s branding,” Tyson said.
Developed in 2007, the centre totals 16,485 sqm GLA and features over 80 tenants including Nike, Adidas, Puma, Bonds and Jeans West.
The complex also has over 900 cars, set on a 3.927ha site.
Australian Property Journal
