Harvey Norman
Company · Retail
Property
Stirling sells McGraths Hill centre for $66.8m at a 21 per cent gain
Stirling Property Funds has sold the McGraths Hill Home large-format retail centre in Sydney's north-west to boutique fund manager Centennial for $66.8 million, locking in a 21 per cent gain on an 18-month hold.
consumer
Interest fee: Harvey Norman and Latitude fined $55m
Shoppers were told 60 months interest free with no deposit. The Federal Court found the ads left out what customers were really signing up to, and has ordered Harvey Norman and Latitude to pay $55 million.