From what I heard the Southport centro was going to undergo a major addition in the next few years... it's always 110% busy. Too bad that they had to get rid of it... this one had a fair bit of potential.
I understand though that the negotiations for this sale only took place with very select parties... I assume that CNP were only interested in selling to a passive investor that intended to keep CNP as manager...
Anyone remember the yield it was sold for? I think it was sold on a yield of 6.5%, which isn't too bad...
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From what I heard the Southport centro was going to undergo a...
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