SUNBURY TARGET TO HIT MARKET

A prominent shopping centre in Victoria's north-western growth corridor is set to hit the market, with an expected price tag of about $23 million. The 'Target Central' shopping centre in Sunbury was built last year. The centre had a net income of about $1.7 million, anchored by the full-line discount department store, Target, which has a 15 year lease. Vinci Carbone Directors Frank Vinci and Joseph Carbone said the fact that the centre was new offered big depreciation benefits for potential buyers. The public tender closes on June 10.