Haben Property Fund and Hong Kong investor JY Group have acquired the Casey Central shopping mall in Melbourne’s south for A$225 million ($168 million), making it the state’s largest such subregional shopping center transaction in five years.
M&G Investments was the seller, which acquired the mall in late 2016 for approximately A$221 million ($165 million) from Westfield operator Scentre.
Casey Central is a triple supermarket and discount department store town center located in Melbourne’s southeast growth corridor.
