Investors snap up $7.8b of malls

By Carolyn Cummins
Updated August 29 2015 - 12:18am, first published August 28 2015 - 11:45pm
North Rocks shopping centre has been sold by Scentre to Challenger Life.
North Rocks shopping centre has been sold by Scentre to Challenger Life.

Investors have snapped up $7.8 billion worth of retail property in the high-end malls in the past year as they take advantage of the growth in consumer spending and take a safe-haven approach in bricks and mortar.

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