Adelaide Retail Centre To Sell For $200 Million Plus

With the easing of restrictions, retail figures surged a record 16.3% in May after a sharp contraction during the lockdown period. While still battling the competition of online shopping, quality centres continue to flourish. Amidst this market it has been reported that the Blackstone Group is selling Rundle Place Mall in Adelaide for about $210 million to Fortis Funds Management. 

Rundle Place Mall is a retail building with 83 specialty stores and a total of 23,176 sqm of retail space over…