Sydney’s Top Ryde shopping Centre valued at $350 million, leaving bankers short
The Top Ryde Shopping Centre has been given a $350 million price valuation, according to the Australian Financial Review.
The valuation was ordered by receivers a few weeks ago for the centre in Sydney’s north-west as a prelude to its anticipated sales marketing campaign.
But it’s being held back from sale for now while the banks mull over their options, the AFR suggests.
The centre owes $600 million to its banking collective creditors after Bevillesta was placed into administration with BRI Ferrier in February 2011.
The centre had been on and off the market over the past few years with no result.
The 78,215-square-metre centre will be the first big regional mall in years to come to market as a full sale.




