Property firm issues 252.5 million securities overnight.
Rise of e-commerce driving interest in logistics properties.
Sponsored: Victoria offers several attractive benefits for retailers.
Property firm selling thee remaining retail assets in $2 billion development.
Operating profit in Mirvac’s retail division was $85 million.
The group’s net profit after tax rose by 2.2 per cent.
The property group saw profit of $728.5 million for the 6 months to 30 June.
Wallsend Shopping Centre was purchased by Haben Property Group.
Despite soft retail trade conditions, Victorian retail investment activity is on track to achieve record highs.
Vicinity have achieved net valuation growth for its overall portfolio of $147 million.