business / news / / Australian Financial Review
Real estate investment trust Growthpoint Properties and fund manager Irongate Group are offloading Adelaide's Rundle Place with $220 million price hopes.
Growthpoint Properties and Irongate Group aim to sell Adelaide's Rundle Place for $220 million.
KEY POINTS
- The pipeline of new major retail assets in Adelaide is drying up, increasing demand from retailers.
- Growthpoint seeks to return capital to investors by selling an asset held in a closed-end fund.
- Growthpoint acquired Fortius in 2022, which partnered with Irongate to buy Rundle Place in 2021.
COMPANIES
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