This article is from the Australian Property Journal archive
THE Baxter Central shopping centre on the Mornington Peninsula has been picked up by a local investor for $16.6 million, on a 5.6% yield.
The 4,218sqm site on Baxter-Tooradin Road is anchored by a Woolworths and comprises a BWS and six specialty retailers.
JLL’s Stuart Taylor and Stephen Bolton negotiated the off-market transaction on behalf of a Melbourne investor trading as A L Development Company.
Also on the Mornington Peninsula, the Hastings Shopping Centre was acquired by Henkell Brothers Investment Managers last month for $32.1 million on a 6.2% yield.
Australian Property Journal
