Global funds giant Savills Investment Management backed the purchase of the Forest Lakes Shopping Centre, which is anchored by three supermarkets.
Global funds giant Savills Investment Management has partnered with local investment firm Greenpool Capital on the $81.5 million acquisition of a supermarket-anchored shopping centre in Perth’s south-eastern suburbs, as investors gravitate towards convenience-focused retail centres.
It is the second notable acquisition in the past eight months for Greenpool Capital, which was founded in 2015 by former Westfield WA state manager Brad Osborne.In November, Greenpool Capital partnered with listed real estate financier Qualitas to acquire the remaining 50 per cent stake in theGreenpool also partnered with Qualitas on the 2020 acquisition of North Adelaide Village for $50 million.
The sale of Forest Lakes Shopping Centre was brokered by CBRE’s Simon Rooney and James Douglas. Mr Rooney said there had been strong interest from listed and unlisted institutional capital and private investors.
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