North Ryde. Market confidence returns

With some normality returning to the physical property market, vendors are now more confident of selling major commercial assets, according to The Australian Financial Review. Jones Lang La Salle’s, Simon Rooney, who said domestic and offshore institutional investors were regaining their appetite for Australian assets, is selling a 50 per cent stake in Breville’s $750 million Top Ryde shopping centre complex nearing completion. Bids for the whole property were expected, he said.