Some of the last remnants of the Direct Fashion Outlet empire are being sold, with news the DFO Jindalee retail centre in Brisbane’s western suburbs has been acquired for $46.6 million.
Brisbane-based Taiwanese investors the Wen family, of Chin Hong Investments, are understood to have bought the centre from private owner and developer Factory Outlets Jindalee on a yield of around 7%.
The deal follows that of DFO Cairns retail centre, which sold for about $40 million, with Warren Ebert’s Sentinel Property Group expected to settle its acquisition of the centre this month.
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