Top Ryde. Shopping centre is on the market

The Top Ryde City Shopping Centre, opened in August 2010, is for sale with expectations of about $700 million. The 78.100-square metre (GLA) centre, which contains a Myer department store, a Big W and dozens of other specialty stores, was said to be worth $840 million three years ago. The centre, owned by the Beville family for a decade, was substantially redeveloped and expanded in the past three years. It was developed as an alternative to the Macquarie Shopping Centre in North Ryde and the Rhodes Shopping Centre.

Top Ryde. Sale of stake in shopping centre

Property developer, John Beville, proposes to sell a stake, worth an estimated $700 million, in the $1.1 billion Top Ryde City Shopping Centre project., which when completed will include Myer, Big W, Woolworths, Franklins, Aldi, 280 speciality retail spaces, 11,500 square metres of commercial space and up to 450 apartments. The second stage is expected to open in March, with the final stage in mid-August.