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Greek Australian businessman puts two shopping centres in Adelaide up for sale

2 years ago

Greek Australian businessman Kostas “Con” Makris, has put two shopping centres in Adelaide worth a combined $200 million up for sale.

The Rich Lister and property billionaire is selling the City Cross shopping centre which runs off Grenfell Street in the Adelaide CBD, and is also offloading the North Adelaide Village neighbourhood shopping complex in the wealthy suburb of North Adelaide.

According to the 2019 Financial Review Rich List, Makris had an estimated personal fortune of $1.31 billion.

CBRE’s Simon Rooney and James Douglas have been hired to sell the assets on behalf of Makris.

City Cross Shopping Centre is located in the heart of Adelaide’s CBD shopping precinct destination and is home to an array of iconic brands and major retailers such as Harvey Norman, Rebel Sports, Australia Post and Telstra Shop. There is also a large food court and includes an adjacent office complex.

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