Vicinity Centres is acquiring a 50% interest in Harbour Town Premium Outlets Gold Coast in Queensland.
The stake is being acquired from Australian Prime Property Fund Retail, a wholesale fund managed by Lendlease, for AUD358 million (USD262 million).
The remaining 50% stake in the property will be retained by Lewis Land Group (LLG) and the firm will continue to manage the property while Vicinity will undertake all leasing activity.
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