Kangaroo Flat shopping complex sells for 'mammoth fee' to overseas investor

An overseas investor has acquired Lansell Square in Kangaroo Flat for a substantial price, according to the Bendigo Advertiser. The shopping complex is anchored by major retailers including Coles, Kmart and Woolworths, making it one of the region's significant retail holdings.

The sale underscores sustained foreign capital interest in Bendigo's commercial property, adding to a broader trend of major shopping complexes attracting investor attention. Earlier reports of the Kangaroo Flat transaction fit within a wider pattern of regional retail infrastructure attracting institutional and overseas buyers seeking stable income streams from essential retail categories.

For Bendigo businesses and residents, overseas ownership of shopping complexes can signal confidence in the local economy's fundamentals, though questions about future management and community benefit remain. The transaction highlights how Bendigo's retail landscape continues to consolidate under institutional ownership, which may shape tenant mixes and local trading conditions in coming years.

Sources: bendigoadvertiser.com.au.

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