ISPT acquires 50% interest in World Square Shopping Centre, Sydney

ISPT has acquired a 50% interest In World Square Shopping Centre, the second largest centre in the Sydney CBD.  Acadia Funds Management has retained their 50% interest.

With a large footprint of 1.52 hectares and four street frontages including George, Pitt, Liverpool and Goulburn Streets, World Square is located at the southern end of the Sydney CBD and adjacent to Chinatown.  World Square is anchored by a Coles supermarket and complemented by six mini majors and 86 specialty retailers.  World Square was ranked third for total MAT $/m2 in the 2015 Shopping Centre News CBD Guns Survey.

Sam Curry, ISPT’s General Manager, Retail Services said: “World Square is a vibrant food, fashion and services based retail centre.  Its location and relevant retail mix results in a strong offering for the local residents and business community.”