Ryde. Valad negotiating ownership

Valad Property Group is negotiating with the banking syndicate and owner of Top Ryde Shopping Centre about the future financing and ownership of the property, which will include 280 speciality retail spaces, 11,500 square metres of commercial space and up to 450 apartments when complete. Valad has invested $60 million into the centre through a second mortgage. One potential buyer, the GPT Group, is no longer interested said The Australian Financial Review.