Coles to raise $400m from property JV

Coles to raise $400m from property JV
Coles Townsville

Artist’s impression of a new Coles shopping centre to be built in Townsville.

Coles has entered into a joint venture with ISPT, an Australian property fund manager, which will acquire a 75 per cent interest in an initial portfolio of 19 Coles-owned shopping centres.

The initial portfolio is valued at approximately $532 million, and the transaction will deliver Coles

MREC HERE

You may also like to read:


Comments are closed.

Newsletter

Sign up with your business email address to keep up with the latest industry news from T&L. Newsletter sent every week.

Most Read

Recycled plastic railway sleepers laid in Victoria
Trains travelling through Richmond in Victoria will now be r...
Caught in the middle: shippers, truckers suffer wharf strikes
Shipping lines are being urged to provide detention relief a...
Spotlight on Promat 2019 – from MHD magazine
Mal Walker In early April I had the opportunity to visit Pr...
Logistics hotspots of skills in demand
The second of Hays’ bi-annual Logistics Job Reports for th...
Join the Network – from MHD magazine
As commerce, in general, has become more competitive and adv...
384kg of cocaine found in excavator worth $144m
The largest ever drug interception operation coordinated by ...

Supported By