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Haben Property Group JV buys A$402m Australian mall
Transactions - OCTOBER 28, 2021

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Haben Property Group JV buys A$402m Australian mall

by Andrea Zander

Haben Property Group has teamed up with Hong Kong–based JY Group to acquire Wollongong Central shopping center from GPT Group in a A$402 million ($302 million) deal, reported The Financial Review.

Wollongong Central is a large shopping center in the Wollongong CBD in the llawarra region, Australia.

Wollongong Central has more than 220 retailers and is 98 percent occupied. The property includes a garage with more than 2,100 car spaces.

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