FMX was instructed to manage the sale of Market Gates Shopping Centre on behalf of fixed-charge receivers. The nature of the receivership introduced significant complexities, particularly regarding transaction structure, regulatory timelines, and heightened scrutiny from potential purchasers. Despite prevailing market headwinds, the scheme’s prime location and scale generated strong buyer interest.
FMX secured a successful sale of the shopping centre at a price nearly 200 basis points below the quoting yield, delivering exceptional value for our client. The transaction was completed within approximately three months from instruction, reflecting FMX’s ability to drive an efficient and competitive process. Notably, seven parties came forward at competitive levels, underscoring the depth of demand for well-located retail assets.
Enter your name and email address below to subscribe to our property email alerts.
