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Peregrine Corp. markets Australian car park portfolio for A$200M

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Peregrine Corp. markets Australian car park portfolio for A$200M

Peregrine Corp. is divesting three car parks in the central business district of Adelaide, Australia, for A$200 million through an international sales campaign, The Australian reported.

Included in the portfolio, marketed with the help of JLL, are the properties at 215 North Terrace, 52-70 Frome St. and 28-30 Hindley St., according to the Sept. 5 report.

The South Australian family-owned private company said the sale is in line with its strategy to expand its retail business, the publication added.