trending Market Intelligence /marketintelligence/en/news-insights/trending/ofcJIJsJLHQO3VVU_wA4HQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Report: AMP Capital targets Blackstone mall in Australia via A$250M deal

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Real Estate News & Analysis: April Edition

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

COVID-19 Impact & Recovery: Investment Banking


Report: AMP Capital targets Blackstone mall in Australia via A$250M deal

AMP Capital is looking to buy the Rundle Place retail property in Adelaide, Australia, from Blackstone Group LP for approximately A$250 million, The Australian reported.

Rundle Place is a five-level shopping center that is anchored by Coles and is also home to a Harris Scarfe department store, an Apple store and approximately 50 specialty stores. Completed in 2013, it also has a 506-space carpark and provides more than 23,000 square meters of retail space, according to the publication.

The private equity giant purchased Rundle Place along with an adjacent tower and the office building at 80 Grenfell St. as part of a A$400 million transaction.

Marketing agents Knight Frank and McVay Real Estate Pty. Ltd., along with Blackstone and AMP Capital, were not available for comment regarding the latest sale, the May 23 report added.