scroll down
Home > Insights > HomeCo Daily Needs REIT to acquire Marsden Park Shopping Centre

HomeCo Daily Needs REIT to acquire Marsden Park Shopping Centre

November 2020
HomeCo Daily Needs REIT to acquire Marsden Park Shopping Centre

Home Consortium confirms that HomeCo Daily Needs REIT (HDN.ASX) has entered into a binding contract to acquire Marsden Park Shopping Centre, a Queensland-based convenience focused asset for a purchase price of $48 million representing a cap rate of 6.75%.
The acquisition will be 4.5% FFO accretive for HDN which is due for listing at 12.30 pm today on the ASX.