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.

More Articles

Insights | 15 January, 2025

2025: Sustainability in Action

Han Soul Lee, Oyster’s Safety and Sustainability Manager on progressing Oyster’s sustainability credentials in the year ahead. A sustainable future“Sustainability isn’t a separate initiative at Oyster”, says Han Soul. “It’s central to...

Read More
Insights | 15 January, 2025

2025: Active Property Management in Focus

The past two years have tested resilience across the economy, but they’ve also revealed opportunities to innovate, optimise, and enhance the performance of our properties. As we head into 2025, our Properties...

Read More
Insights | 15 January, 2025

2025: Investment Perspectives

Oyster’s General Manager – Investment, Steve Harris, shares his perspective on the year ahead. Over the past two years, our efforts have been firmly centred on protecting long-term value. Challenges remain as...

Read More