Charter Hall’s Convenience Retail REIT bought Tooronga Village, a neighbourhood shopping centre in Glen Iris, Melbourne, for $79 million in an off-market deal. The seller was a trust managed by Newmark Capital.
9:35 PMPropertymarkets News1 story from 1 source
Monday, June 22, 2026
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9:35 PMPropertymarkets News
Charter Hall Acquires Tooronga Village for $79 Million
Summary
Charter Hall’s Convenience Retail REIT bought Tooronga Village, a neighbourhood shopping centre in Glen Iris, Melbourne, for $79 million in an off-market deal. The seller was a trust managed by Newmark Capital.
Why it matters
It shows institutional capital is still pricing prime neighbourhood retail as a resilient income play, shaping valuations and competition for similar assets.
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