Lander & Rogers Assists Memocorp Australia with the acquisition of Bass Hill Plaza
Lander & Rogers has advised Memocorp Australia on the acquisition by Charter Hall of Bass Hill Plaza Shopping Centre.
The sub-regional shopping centre is anchored by Woolworths and Kmart with 53 specialty stores. The site also has development potential for a further 46,600 sq m of residential and retail development.
Theo Casimatis and Brett Ritchie from Sparke Helmore acted on behalf of the purchaser.
The acquisition which completed on 21 October 2015, was led by Lander & Rogers Partner, Thomas Wait and supported by paralegal, Samantha Williams.
Wait said "This asset has been held by Memocorp for over 25 years. The sale reflects the strength and interest in the current retail market and the opportunities for vendors wanting to realise the value in their investments."