Investore plans to buy the Silverdale Centre from Stride Property.
Investore plans to buy the Silverdale Centre from Stride Property.
Investore Property has unveiled a package of initiatives that include buying the Silverdale Centre in Auckland from Stride Property for $114 million.
The company momentarily went into a trading halt on Monday morning before announcing it would put the acquisition, a capital raise through convertible notes and changes toits management arrangements with Stride Property to shareholders.
Investore said it has entered into a conditional agreement to buy the Silverdale Centre, a large-format retail complex in one of Auckland’s fastest-growing suburbs.
The 39-tenant centre is anchored by Woolworths and The Warehouse and supports Noel Leeming, Chemist Warehouse and Supercheap Auto stores.
