Hastings Park Mega Centre retail portfolio sells for $21m

“The sale is a significant bellwether and major vote of confidence in the Hawke’s Bay economy that is clearly rocking. The Park Mega Centre sale suggests, for the property category, Hawke’s Bay is tracking as well or better now than it was in 2017.”

“The properties, comprising the Clearance Shed, Briscoes/Rebel Sport, PETstock and Noel Leeming, reflected a 6.47 per cent yield for a combined annual net rent roll $1,359,100.”

Hawke’s Bay Today | 17 Sep 18 | Hastings Park Mega Centre retail portfolio sells for $21m
Turley & Co press – NZH.