King & Wood Mallesons has acted for Perron Investments on its acquisition of a 50 per cent interest in three regional shopping centres for $690.4 million.
Under the deal, which was negotiated in the space of weeks, Centro and Perron Group have agreed to a co-ownership arrangement with Centro retaining ongoing property management, development and leasing services.
The King & Wood Mallesons team was led by partner and real estate investment specialist Simone Menz.
Perron Investments Group is a privately owned Perth-based Group of Companies whose main business activity is property investments. The shopping centres in this deal include Centro Galleria in Perth, Centro The Glen in Melbourne and Centro Colonnades in Adelaide.
“We are pleased to have supported our client to get this significant deal over the line in such a tight timeframe,” said Menz.
“This acquisition will further strengthen Perron’s portfolio of real estate assets and the alliance with Centro will open up future development opportunities in each of the three high quality shopping centres.”