Aware Real Estate and Barings have each acquired a 50% ownership interest in the large-format retail centre Home HQ Artarmon, for a total value of $180.1 million from a fund managed by Growthpoint Properties Australia.

Located at 1 Frederick Street, Artarmon on Sydney’s Lower North Shore, Home HQ is a dominant, award-winning adaptive reuse retail centre. Completed in 2010, the centre comprises approximately 23,135 sqm of gross lettable area (GLA) across three levels including a multi-level basement car park. The centre is anchored by Freedom Furniture, Nick Scali and The Good Guys, alongside 25 additional homemaker tenancies including leading national brands.

Aware Real Estate Transactions Manager Zak Felton said:

“This acquisition is strongly aligned with our east-coast retail strategy. The asset’s dominant trade area, proven leasing depth and tenancy diversification makes it a compelling addition to our portfolio, and we are pleased to partner with Barings to maximise the opportunity.”

See the full press release here.

Read the article in The Australian here.

The acquisition brokered by Nick Willis and Sam Hatcher from JLL and Sam McVay from McVay Real Estate.