Property Investment News

Oyster goes unconditional on large format retail purchase

15 February 2021   /   1 min read

Oyster Property Group is pleased to announce the acquisition of the Albany Lifestyle Centre for $87.5M. Settlement of the property is expected to occur on 30 April 2021. 

The property is located within the heart of Auckland’s North Shore suburb of Albany and is anchored by a 13,707m2 Mitre 10 Mega store.

Oyster intends this acquisition to be the seed asset for a new unlisted large format retail fund, a strong performing, resilient, asset class. The fund will have a particular focus on properties anchored by supermarkets, DIY/hardware and essential service stores and will grow through further acquisitions.

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