General
Stockland To Exit Perth
The Durack Centre, one of Stockland’s last remaining commercial assets in Perth, is for sale through JLL Perth and CBRE Perth. The centre contains three buildings (held on a long term lease from July 1st, 1985, with two 33-year renewal options) with frontages to 2 Victoria Avenue, 263 Adelaide Terrace and Terrace Road.
The property is owned by the Stockland Trust in which units are ‘stapled’ to shares in Stockland Corporation Ltd and traded together on Australian Securities Exchange as…
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