ISPT acquires Bendigo Marketplace

ISPT has acquired a 100% interest in the Bendigo Marketplace, including the Iceworks site and other adjoining properties, from Colonial First State PPS fund. Exchange took place on 17 December 2013 and settlement is forecast for 31 January 2014.

Bendigo Marketplace is a Sub Regional shopping centre anchored by a strong performing Woolworths, Big W, Dick Smith, Best & Less and complimented by 83 specialty retailers. It is the dominant centre within the Bendigo region, well located within the CBD and opposite the Bendigo Railway Station.

Daryl Browning, Chief Executive Officer at ISPT said: “Bendigo Marketplace is a strategic Victorian sub-regional retail holding, a strong fit for our retail portfolio and in line with our investment strategy.”