BENDIGO Marketplace is up for sale.
Agents were recently appointed for the sale of the shopping centre which is believed to come with a $160 million price tag.
The centre is being sold by the Private Property Syndicate and is being marketed as having strong performing retail characteristics with appeal to a broad pool of Australian-based institutional investors and off-shore investment groups.
The shopping centre's annul traffic is 4.5 million people with a $203 million annual sales turnover.
"Bendigo Marketplace, by its very nature and market dominance, performs similar to a ‘regional’ rather than ‘sub-regional’ shopping centre," Colonial First State Global Asset Management senior fund manager Jason Ferris said.
"In my opinion, Bendigo Marketplace is one of the strongest performing and fundamentally sound sub-regional shopping centres that has been offered for sale in Victoria for quite some time.
"Bendigo Marketplace is being sold by the Private Property Syndicate, which is in keeping with its fund strategy to deliver an orderly sell down of underlying investments."
Bendigo Marketplace traders told the Bendigo Advertiser on Friday afternoon they had not been told the shopping centre was up for sale.
"This is the first I've heard of it," a trader who did not wish to be named said.
"We haven't had any letters or anything.
"It's not very good that we're the last to know.
"It would have been good to have a letter or some sort of communication.
"I'm quite surprised."
Another trader also told the Bendigo Advertiser they were surprised to hear the centre was for sale.
"We haven't heard anything about it," she said.
The centre is anchored by a Big W discount store and Safeway supermarket.
The centre also has two mini majors (Best & Less and Dick Smith) and incorporates 113 specialty shops, including kiosks and ATMs.
According to Colonial First State Global Asset Management it is one of the strongest performing and fundamentally sound sub-regional shopping centres that has been offered for sale in Victoria for quite some time.