Greystanes. Shopping centre sold

Fabcot has purchased Greystanes Shopping Centre at 665 Merrylands Road, Greystanes, for $25.5 million. The neighbourhood centre has been purchased on a yield reflecting 9.5 per cent.

Greystanes. Shopping centre on the market

Colliers International has called for expressions of interest in the Greystanes Shopping Centre, in Merrylands Road. The property comprises a gross lettable area of approximately 5627 square metres, on a site of 17,450 square metres. The centre is anchored with Woolworths and Franklins supermarkets and 29 specialty tenants. The estimated net income is $2.2 million approximately. EOI close on June 16.