Business
Billionaire Con Makris puts $200m of shopping centres up for sale – The Australian Financial Review
The Rich Lister is selling off the City Cross shopping centre in the Adelaide CBD, and the North Adelaide Village complex in the nearby affluent suburb.
The other asset being sold is the North Adelaide Village Shopping Centre on O’Connell St in North Adelaide, and an adjoining site. It is about 3km from the heart of the CBD. It is in a wealthy catchment area and close to the iconic Adelaide Oval and St Peter’s Cathedral.
Mr Rooney expects robust demand even in a tough economy.
Investors will be attracted to the location of City Cross within Adelaides tightly held CBD, and the affluent locale of North Adelaide Village, Mr Rooney said.
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