Thursday, 27 September 2012

Macquarie Park. Deal likely

Abu Dhabi Investment Authority and Canada Pension Plan Investment Board are believed to be interested in take 50 percent of the Macquarie Centre shopping centre, which is half owned by AMP Capital. The remaining 50 per cent is divided between Westfield Group and Westfield Retail Trust, in a deal likely to top $450 million, according to The Australian Financial Review. Motivation for the deal lies in the centre’s refurbishment opportunity and its positioning in a pivotal growth corridor.


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