Revelop buys second retail centre from Charter Hall

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Revelop has acquired its second shopping centre from Charter Hall Retail REIT, South Australia’s Renmark Square, for about $25 million.

The 12,500-square-metre sub-regional property is in South Australia’s rural Riverland area 254kilometres north-east of Adelaide and has two major tenants, Woolworths and Big W.

There are 25 retailers including smaller retailers such as Subway, The Reject Shop and United Discount Pharmacy. The property was built in 2007.

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