Browse all categories | Subscribe My Account | Logout
Browse all categories
< Back

Elermore Shopping Centre sold for $18m

Property Markets / Transactions


Nov 14 2017

Add to Favorites

Share this Article:

Carolyn Cummins, The Sydney Morning Herald

The Bamm Group, owners of the Elermore Shopping Centre, have sold their neighbourhood mall in Newcastle to a private syndicate for $18 million, seven years after first buying and then redeveloping the site.

Steven Lerche, who advised on the sale, originally sold the Elermore Shopping Centre to Bamm Group in 2011 for $8.3 million with Ben Nastasi acting on behalf of the purchaser. At the time, the property was anchored by BiLo on a short lease and now boasts a Ritchies SUPA IGA supermarket supported by 17 non-discretionary specialty tenants.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald


You may also like...

Load More


Login into your MP Report account

Forgot my password

Sign up to the MP Report

Creating an account with MP Report allows you to save articles and update your preferences to filter the content based on your interests and what content you would like to receive from us via our email alerts and newsletter.