Arnold Bloch Leibler has acted for Telstra Super on the sale of its 50% interest in Carlingford Court Shopping Centre for $120.5 million.
As reported in the Australian Financial Review, there has been strong interest and continued demand in the market for quality assets that offer mixed-use development potential. Hong Kong based real estate investment firm, JY Group, will acquire the 50% stake in the shopping centre located in Sydney’s north-west.
Property & Development partner Tyrone McCarthy and lawyer Tamsen Kempster advised on all aspects of the sale.
Tyrone commented on the firm’s involvement in the sale: “Congratulations to the team at Telstra Super. We’re delighted to see this long-standing client proceed with this deal and we wish the team continued success.”
