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REGION GROUP — Regulatory Filings 2021
Jun 15, 2021
65695_rns_2021-06-15_86786026-0970-44cc-8757-5ce978c1190b.pdf
Regulatory Filings
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LEVEL 5, 50 PITT ST, SYDNEY NSW 2000 SCAPROPERTY.COM.AU
16 June 2021
ASX ANNOUNCEMENT
Acquisition of Marketown Newcastle
SCA Property Group (ASX: SCP) (“SCP”) has agreed to acquire Marketown in Newcastle, NSW from AMP Capital Investors Limited for $150.5 million, an initial passing yield of 5.6% and an implied fully let yield of 6.1%. Marketown consists of two centres, East and West. The East centre is anchored by Woolworths, Big W and Dan Murphy’s and has 28 specialty stores. The West centre is anchored by Coles and Officeworks and also has 28 specialty stores.
This document has been authorised to be released to the ASX by the Board of SCP.
ENDS
Media, Institutional investor and analyst, contact:
Mark Fleming CFO SCA Property Group (02) 8243 4900
Unitholders should contact SCP Information Line on 1300 318 976 with any queries.
Shopping Centres Australasia Property Group RE Limited ABN 47 158 809 851 AFS Licence 426603 as responsible entity of the Shopping Centres Australasia Property Retail Trust ARSN 160612788 and as responsible entity of the Shopping Centres Australasia Property Management Trust ARSN 160612626