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.




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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