Melbourne-based Nikos Property Group has acquired a 50 percent stake in Northland Shopping Center for A$385 million ($241 million) in Victoria’s biggest retail property transaction since 2018, according to media outlets.
The seller was GPT Wholesale Shopping Centre Fund.
Northland, in Melbourne’s inner north, spans about 19 hectares (47 acres) and is one of the city’s major malls, housing retailers like Myer, Coles, Woolworths, Aldi, Kmart, Target and Hoyts Cinemas.
