Scarcity drives demand for smaller, resilient malls

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Scarcity drives demand for smaller, resilient malls
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The Meadow Heights shopping centre in Melbourne’s outer north is one of only a handful of neighbourhood malls to have changed hands in the Victorian capital in almost two years.

A Sydney investor has snapped up Meadow Heights Shopping Centre, a neighbourhood mall in Melbourne’s outer north, in a “sight unseen” deal for $22 million.

Meadow Heights Shopping Centre is one of the few neighbourhood malls in Victoria to have changed hands in the past two years. “There is a glaring theme in the Victorian retail investment market at present, which has seen most neighbourhood centre transactions taking place in regional locations.”

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