This article is from the Australian Property Journal archive
A PRIVATE Chinese buyer has paid $9.8 million for the neighbourhood Narangba Village, located halfway between the Brisbane CBD and Sunshine Coast.
CBRE’s Nick Willis and Michael Hedger negotiated the sale.
Located just off Bruce Highway, the 1,819 sqm centre is 100% leased to a number of national retailers including IGA, Subway, Liquorland, Australia Post and Pharmacy.
“This marks the third recent transaction CBRE Retail Investments has concluded to offshore investors in South East Queensland over the past six months. With 2015 marked as one of the most significant years for foreign investment in the Australian retail market, we anticipate this activity to continue throughout 2016,” Willis said.
Australian Property Journal
