Frasers Property JV puts last retail assets of Sydney project on sale

Singapore

FRASERS Property's Australia arm and Japanese developer Sekisui House have placed the final three retail assets of their A$2 billion (S$1.93 billion) Central Park development in Sydney on the market, in the hopes of securing more than A$170 million.

The joint venture (JV) will divest the remaining three retail assets - Central Park Mall, DUO Retail (eight retail outlets) and Park Lane Retail (six retail outlets) - as a single block. The transaction is the final component of the partnership's divestment stra-tegy, the companies said on Tuesday in a joint statement.