As reported by the Australian Financial Review, the transaction is another signal of increasing momentum within the retail real estate market.
Jonathan Caplan commented on the acquisition: “Wollongong Central represents the largest transaction to date for Haben Property Group. In just over a decade Haben now has a portfolio of nine centres across the eastern states”.
Nathan Briner added: “We are delighted to have advised Haben and JY Group on the acquisition of this quality regional shopping centre asset and we look forward to assisting on future strategic investments”. Senior debt for the acquisition was provided by two leading Australian commercial banks.