Not sure why all the doom & gloom is around offices, shopping centres are selling around the 7.5%-7.75% yield mark.
AFR 07/11/23
Bundaberg mall to sell on 8pc return as investors look to outrun RBA
'A purchase price of $107 million would equate to a yield of about 7.75 per cent, providing the basis for an attractive distribution for Centennial and Parkstone’s investors,'
'Deals struck over the past few months include the Smithfield Shopping Centre near Cairns in far north Queensland, which a Lendlease fund sold to Alceon and CPRAM Investments for $140 million property on a yield of about 7.5 per cent.Lendlease also divested another regional mall, Settlement City, the largest shopping centre in the Port Macquarie area. This was picked up by Melbourne fund manager Fawkner Property for $107 million on a 7.5 per cent yield.'
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