Charter Hall Group Acquires Corio Village Shopping Centre for $146 Million to Expand Convenience Retail Portfolio

Reuters
05-06
<a href="https://laohu8.com/S/CTOUF">Charter Hall Group</a> Acquires Corio Village Shopping Centre for $146 Million to Expand <a href="https://laohu8.com/S/AQR.AU">Convenience Retail</a> Portfolio

Charter Hall Group has announced a significant expansion of its convenience retail portfolio with $200 million in acquisitions over the past four months. The highlight of these acquisitions is the purchase of the Corio Village Shopping Centre in Corio for $146 million from IPG. Located on the outskirts of metropolitan Melbourne, the 33,600sqm centre features major tenants including Coles and Woolworths supermarkets, Kmart, six mini-majors, and 68 specialty stores. This off-market transaction, secured by Charter Hall's transactions team, is expected to deliver accretive returns, reflecting a 7% cap rate and forecast income growth. The acquisition aligns with Charter Hall's strategy to focus on retail convenience centres, which they believe will continue to outperform larger discretionary retail malls.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Charter Hall Group published the original content used to generate this news brief on May 04, 2025, and is solely responsible for the information contained therein.

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