Homemaker Prospect has been sold to AsheMorgan. Sales of the country's top shopping malls are in the doldrums but large format centres directed at meeting household needs are firing Property giant Dexus has sold a holding in the western Sydney suburb of Prospect for $78.9m. The listed group completed the sale of the Homemaker Prospect, and the appetite for the asset shows it is well positioned to benefit from resilient consumer spending even in the face of rising interest rates. It was picked up by real estate house AsheMorgan, which has built a track record in the once-overlooked sector.

https://www.realcommercial.com.au/news/homemakers-make-hay-as-bigger-mall-sales-stall

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