Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Big Plans after Big Top Sells for $85M

Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Big Plans after Big Top Sells for $85M

Article excerpt

FRESH after announcing the $85 million sale of the Big Top centre Reed Property Group is preparing its next big acquisition on the Sunshine Coast.

But details of where the next development will be are a closely guarded secret.

Reed's head of development Jay Emmerton said more details would be released next week. He said the next project would not be as big as the Big Top - which has only recently reopened after a $20 million revamp.

Reed is also settings its sights on Brisbane and the Gold Coast.

"We will start in Brisbane and expand our interest to the Gold Coast," Mr Emmerton said.

"But the head office will remain on the Sunshine Coast."

Ken Reed will also remain chairman of the board.

No one from LaSalle Investment Management, the company that bought the Big Top, was at yesterday's official announcement.

But head of funds management Chris Forbes said the company planned to "further develop" the fresh market concept as a point of difference. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.