Frasers Property JV puts last retail assets of Sydney project on sale
Frasers Property's Australia arm and Sekisui House seeking over A$170m for three assets in Central Park
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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.
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