CFS Retail Property Trust has agreed to sell its leasehold interest in The Entertainment Quarter in Sydney to a consortium led by Gerry Harvey, John Singleton and Mark Carnegie's private equity fund for $80 million.
The consortium is headed by the Carnegie Private Opportunities Fund No. 1.
The sale of the mixed use asset focused on retail, entertainment, leisure and space in the Centennial Park precinct is conditional on the approval of the ground lessor and the NSW government.
CFS and one of its wholesale funds, CFSGAM Property Retail Partnership, jointly hold a leasehold interest in the asset and both entities have agreed to sell.
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CFS Retail Property Trust to sell to John Singleton, Gerry Harvey, Mark Carnegie.
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