Chester Hill. Centre sold for $29.5 million

The Mirvac Group has sold its Chester Square Shopping Centre, at Chester Hill, for $29.5 million, to a Smorgan family-linked company. The single-level neighbourhood centre, which has a gross leasable area of about 8299 square metres, is anchored by a Woolworths supermarket along with a Go Lo discount variety store and 28 specialty shops. Mirvac sold the property above its latest book value of $27.3 million, according to The Australian Financial Review.