Region. Shopping centres sold for $93.3m

Four Sydney metropolitan neighbourhood shopping centres sold for approximately $99.3 million in 2008, with three in Western Sydney, namely, Mt Annan Central, $22.3 million, Norwest Marketown, $35 million and Circa Retail, in Norwest Business Park, $36 million, according to the latest CBRE Sydney Metropolitan Retail Marketview report. “This is an enormous fall in market activity (because of limitations to the accessibility of capital), off the back of the $1.413 million achieved in 2007,” the report noted. Stage 1 of the Top Ryde development, 36,733 square metres, and stage 2 of Stocklands Merrylands, 8622 square metres, are expected to be completed in 2010 as well as the 14,000 square-metre Cosco bulky goods outlet in Auburn