The media releases on this website relate to ISPT and were issued prior to the merger with IFM Investors. They are provided for historical reference only. They may not reflect IFM’s current views, operations or position.
ISPT acquires Waurn Ponds, VIC
ISPT has acquired a 50% interest in Waurn Ponds Shopping Centre, a sub regional centre anchored by Target and Woolworths and Reading Cinemas and 89 speciality retailers. Australian Unity holds the other 50% interest.
The Centre is undergoing redevelopment to extend by 6,860 sqm under a partnership agreement between Australian Unity and Coles Group Property Development with completion expected in September 2014. On completion ISPT will purchase a 50% interest in the extended Centre from Coles Group Property Development. Waurn Ponds is a residential suburb located 7 km south west of the Geelong CBD.