"Moss Capital is focused on delivering unique and high quality co-investment opportunities to high net worth individuals and family offices," Moss Capital's CEO, Glenn Willis said.

Manning Mall underwent a $15 million redevelopment in 2009 and is secured by long leases to Coles and Target, complemented by 34 national, regional and local retailers and service providers.

"Manning Mall fits our investment criteria given its non-discretionary focus, robust cash flow, attractive acquisition yield of 10.4 per cent and its strong growth in centre sales following the closure of a competing Coles supermarket in the immediate area," Moss Capital's head of real estate, Michael Baliva said.

"The centre will deliver our investors high risk-adjusted returns with forecast income distributions in excess of 10 per cent per annum; significantly more attractive than from A-REITs investing in similar assets."

With the support of the Federal Member for Lyne, Rob Oakeshott, Greater Taree City Council recently announced that it had secured Federal Government funding for the $38.5 million Northern Gateway Regional Transport Hub, a freight interchange centre for heavy vehicles using the northern half of the Pacific Highway.

The project is expected to deliver significant benefits to Taree's local economy, including direct and indirect employment, and approximately $200 million in new economic activity.

"Manning Mall is Moss Capital's second shopping centre acquisition following the purchase of Griffin Plaza in Griffith in late 2012," continued Michael Baliva.

"Moss Capital is confident that this asset's attractive acquisition yield and strong cash flow will make it a rewarding investment opportunity for us and our investors," Mr Baliva said.