Frasers Property, Sekisui House sell three Australia retail assets

Singapore

FRASERS Property Australia, together with its joint venture partner Sekisui House Australia, has sold three retail assets in their mixed-use Central Park project for A$174.5 million (S$162.4 million).

Central Park Mall, DUO Retail and Park Lane Retail have a combined gross leasable area of 14,600 square metres and are being sold to a consortium comprising Fortius Funds Management and SC Capital Partners Group on behalf of its Recap V Fund.