CENTREPOINT TAMWORTH SHOPPING CENTRE
374 PEEL STREET, TAMWORTH NSW
$38,500,000 Purchase Price
8.77% Initial Distribution Yield
$4,194/m² Sale Rate
Intergen Property Group are pleased to announce the acquisition of Centrepoint Tamworth Shopping Centre.
The property is located in a prominent position within Tamworth’s central retail and commercial precinct. Centrepoint Tamworth is anchored by Aldi, JB HiFi and Forum 6 cinemas, with 27 specialty tenants including Bed Bath ‘n’ Table, Prouds, Sportscraft and a 170-seat food court.
Intergen Property Group facilitated the complete acquisition process including:
- identification of the off-market opportunity
- establishing the trust structure
- completing thorough DD process
- sourcing equity and debt facility
- negotiating and closing the deal