Central Park retail assets tipped to reap $170m

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The final retail component of the $2 billion Central Park project is set to hit the market for a cool $170 million | msccummins

Three sites, the Central Park Mall, DUO Retail and Park Lane Retail, will be offered as one line, valued at about $170 million.

"Neighbouring Central Station is less than a 500-metre walk and is Australia’s largest and most frequented railway station. Central Station is currently undergoing a $955 million upgrade , with an estimated 270,000 commuters passing through the station daily," Mr Caddey said. "The Central Park precinct continues to go from strength to strength and customers are voting with their feet and wallets, with customer traffic and sales having grown 33 per cent and 56 per cent respectively since 2014," Mr MacGillivray said.

The 14,600-square-metre Central Park retail site includes a Woolworths supermarket and the country's first Palace Platinum Cinema complex.

 

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