Boonooroo sale a boon

A SYDNEY investor has paid $10.2 million for a Carrara shopping centre following a facelift by a local developer.

The Boonooroo Park Convenience Centre was sold by Varsity Lakes-based Firestar Developments, associated with Tony Lenan, which bought the asset in 2015 for $3.85 million.

A 7-Eleven service station was constructed in the first half of 2016 while the centre was refurbished later that year.

Mr Lenan said Firestar has a strong track record of turning around old shopping centres in need of refurbishment.