Runaway Bay (Vicinity Centres)

Vicinity Centres is disposing of a 50% interest in Runaway Bay Centre in Queensland.

The stake is being sold to Perth-based Greenpool Capital in partnership with Qualitas, for AUD132 million, an 18% premium to 30 June 2021 book value.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.