Home Consortium (ASX:HMC) by Daily Needs REIT has agreed to buy Marsden Park Shopping Centre for $48 million.
Marsden Park Shopping Centre is located in Queensland.
The deal locked in a cap rate of 6.75 per cent.
It has a weighted average lease expiry of 8 years.
Shares in Home Consortium (ASX:HMC) are trading 7.33 per cent lower at $3.92.
Copyright 2020 – Finance News Network
Source: Finance News Network
07 Apr 2021 - UAS (unmanned aerial systems) technology developer DroneShield (ASX:DRO) has secured another government contract to provide drone security solutions to one of the Five Eyes countries (United States, Canada, Australia, the United Kingdom, and New Zealand).
Read More16 Oct 2023 - A snapshot of the stocks on the move, featuring Tamboran Resources (ASX:TBN), Melodiol Global Health (ASX:ME1, FRA:1X8) and Superior Resources (ASX:SPQ).
Read More21 Nov 2019 - Starpharma (ASX SPL) has been granted marketing approval for the VivaGel® condom in Europe.
Read More04 Sep 2019 - Growthpoint Properties Australia (ASX:GOZ) has entered into a contract with Frasers Property Group to acquire a warehouse in Victoria for $40 million.
Read More15 Dec 2020 - Contracting group MACA (ASX:MLD) is set to buy Downer EDI’s Mining West business for an acquisition value of $175 million with approximately $30 million from the unwinding of working capital balances.
Read More20 Aug 2020 - In what has been the most challenging period in its long history, the Qantas Group (ASX:QAN) reported a $124 million Underlying Profit Before Tax for the 12 months ended 30 June 2020, down 91 per cent on the prior year.
Read More20 Jun 2024 - A snapshot of the stocks on the move, featuring DroneShield (ASX:DRO), Terra Metals (ASX:TM1) and Control Bionics (ASX:CBL).
Read More27 Apr 2020 - Monash IVF (ASX:MVF) will seek to raise $80 million in order to cover its debts and pursue growth opportunities.
Read More25 Nov 2019 - The Afterpay Touch Group (ASX:APT) confirms that the Final Audit Report from external independent auditor Neil Jeans been received and provided to AUSTRAC in accordance with the AUSTRAC Notice.
Read More06 Sep 2019 - Westpac (ASX:WBC) today confirmed that it has received a class action filed against its subsidiary companies, BT Funds Management (BTFM) and Westpac Life Insurance Services (WLIS) filed by law firm Slater and Gordon.
Read More
