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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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