Property investment company Gowing Bros (GOW) has entered an agreement to buy the Palms Shopping Centre in Coffs Harbour, a two-level facility with lessors including a Coles, a Big W and a number of specialty shops.
Gowing Bros said it intends to hang on to the centre as a long-term investment, and will assume management of the facility internally. The purchase will be funded through a combination of current reserves and external borrowings. Gowing Bros also owns shopping centres in Port Macquarie, Kempsey and Mooney Beach.



