North Shore mall sold for $90 million

  • An Australian entrepreneur specialising in mall upgrades has paid about $90 million for Takapuna’s Shore City Shopping Centre where more shops and new apartments might rise.

Precision Group, owned by Sydney-based property entrepreneur Shaun Bonett, has made its first New Zealand purchase, buying from Aviva Investors Asia Property fund. The deal was funded by Bank of China.

 

READ MORE VIA NZHERALD

mall

The 14,000sq m mall on a 1.2ha site has a two-level Farmers and 74 shops. Photo / NZ Herald

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