Investor picks up Sydney shopping centre at a record-low yield

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SYDNEY (CU)_A cohort of high net investors looking for income-producing asset were in stiff competition for a Sydney neighbourhood shopping centre, which recently sold for a record-low yield. According to experts, Schofields centre, anchored in the heart of Sydney’s north-west growth corridor, was ideal for wealthy individuals, which is why investment companies were probably prices out in the auction.

The winning bidder paid…

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