i'm surprised this has not been announced given it might affect Vicinity bottom line.
AFR- edit of article,
"The Future Fund and the Canada Pension Plan Investment Board have moved to sell more than $600 million worth of shopping centres around Australia.
The property being offered via the two investors' Vicinity Property Retail Partnership fund includes two 50 per cent stakes in the Rockingham Shopping Centre, south of Perth, and Grand Plaza Shopping Centre at Browns Plains in Brisbane's south.
The two huge pension funds, which combined manage $450 billion, poured about $750 million into the retail partnership in 2010.
Now the manager of the fund Vicinity Centres has appointed JLL's head of retail investments for Australasia to sell the two stakes in the shopping centres as the retail partnership fund reaches the end of its eight-year life."
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