$25m SALE: Shopping centre’s new owners pledge to… FILL’ER UP

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THE Gawler Park Homemaker Centre is set to be completely reinvigorated after an interstate investor purchased the property this past month.

Western Sydney property group Revelop has bought the 37,390m2 Adelaide Road site, in Evanston, for just under $25 million after previous interest from a potential, local suitor fell through in March this year.

The site, which provides 26 tenancies when fully-leased and has 435 car-parking spaces, went on the market late last year, albeit at a higher $29 million price tag than what it has now been unconditionally exchanged for.

After purchasing the Renmark Square Centre in 2017, Revelop director Charbel Hazzouri said the company’s interest in the South Australian market has continued to grow.

Hazzouri said the company’s interest in the South Australian market has continued to grow.

“We could see considerable value-add opportunities at Gawler and synergies for our group with our growing presence and interest in SA,” he said.

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