Mirvac in due diligence to purchase the Harbourside shopping centre in Darling Harbour

Mirvac has reportedly beaten rival Lend Lease to enter due diligence to potentially purchase the Harbourside shopping centre in Sydney’s Darling Harbour.

The estimated price has been put at around $275 million, by the Australian Financial Review for the 20,500-square-metre property, owned by developer John Beville.

Jonathan Fox from agents Stonebridge said all parties expressing interest in Harbourside saw a chance of value adding.

The process is expected to take several months.