Fawkner Property to acquire Cairns Central for $390 million
Inside Retail
DECEMBER 13, 2023
Fawkner Property has agreed to acquire Cairns Central from Lendlease-managed Australian Prime Property Fund Retail (APPF Retail) for about $390 million. The largest shopping centre in Far North Queensland, Cairns Central boasts 51,972sqm of gross lettable area and more than 180 tenants including Myer, Woolworths, Coles, Kmart, Target, and Event Cinemas. “With the strategic divestment of this asset, APPF Retail will be able to close out the remaining redemption requests in the fund, providi
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