Region. $21 million of retail property sales

More than $21 million worth of retail property, in Western Sydney has been transacted in the second quarter of 2010, specifically in the sub-$30 million bracket, according to a Sydney Morning Herald report. "The second quarter illustrates that demand seems to have shifted to retail investment with a solid cash flow,” said Harry Bui, of CBRI. ”The standout example of our recent sales is the (3911-square-metre) Cecil Hills Shopping Village sold for$10.8 million on an initial net yield of 8.9 per cent,” he said.