HomeCo Daily Needs REIT (ASX:HND) to buy a Brisbane Shopping Centre

Company News

by Rachael Jones

HomeCo Daily Needs REIT (ASX:HND) has agreed to buy Marsden Park Shopping Centre for $48 million.

Marsden Park Shopping Centre is located in Queensland.

The deal locked in a cap rate of 6.75 per cent.

It has a weighted average lease expiry of 8 years.

Shares in Home Consortium Daily Needs REIT (ASX:HND) are trading are trading 1.5 per cent higher at $1.36.