Listed Colonial First State Retail Property Trust has purchased the Bathurst City Centre in NSW from Oracle for $62.6 million.
The shopping centre in Bathurst is anchored by Woolworths and will be placed in the CFSGAM Property Enhanced Retail Fund (CERF).
CERF Fund Manager Jason Ferris
told The Australian the acquisition, which was executed off-market, was in line with a strategy of buying quality assets in strong trade areas.
Bathurst City Centre has a total lettable area of 12,241 square metres and comprises 41 speciality stores.
CBRE's Peter Rossi and Craigh O'Donnel
managed the sale.