Centuria acquires Busselton Boulevard Shopping Centre
Centuria Capital Group has announced its acquisition of Busselton Boulevard Shopping Centre in WA for $16 million, following its recent acquisition of Margaret River Shopping Centre. The combined total for...
Googong retail development site sells, with construction expected to commence later this year
A retail development site situated in the heart of the award-winning Googong community, just 16km southeast of Parliament House and 8km south of Queanbeyan, has sold for $8.75 million. The...
Orange City Centre listed for sale following successful repositioning
Investment powerhouse Alceon and asset manager, CPRAM Investments are looking to divest its iconic regional NSW shopping centre, Orange City Centre, following a recent $24 million redevelopment. An Alceon syndicate...
Westfield Bondi Junction welcomes new JD Sports store
On Thursday 15 June, JD Sports opened its doors at Westfield Bondi Junction, bringing the biggest and best global sports brands, along with hundreds of JD exclusive styles, colourways and...
Chirnside Lifestyle Centre transacts for over $50 million
Joint venture partners MaxCap Group and Troon Group have confirmed their recently completed development, the Chirnside Lifestyle Centre, has been sold for over $50 million on a 5.25% capitalisation rate...
Shopper strengthens property partner portfolio, driving business growth with Cartology
Shopper, acquired by Woolworths Group’s Cartology, has signed partnerships with 40 new centres this financial year, bringing brands closer to customers in local and medium-sized centres. The growth of Shopper’s...
Sentinel strengthens solar footprint with installation at Caneland Central
Sentinel Property Group has strengthened its solar energy footprint in Queensland with a new $4.7 million solar roof installation commencing construction at Caneland Central shopping centre in Mackay. Caneland Central...
Neighbourhood shopping centre in Queensland sells for $86 million
Park Ridge Town Centre, a neighbourhood shopping centre anchored by both Woolworths and Coles, has sold to a private investor for $86 million. RG Property purchased the centre as a...
Highpoint welcomes Australian-first Asian emporium, Foodle
Melbourne’s largest retail destination west of the CBD, Highpoint, has welcomed Australian-first, one-stop Asian emporium, Foodle. The new store described as ‘anything but traditional’, officially opened with a spectacular public...
Westfield Knox unveils new store openings, basketball court and kids play
Westfield Knox has unveiled the next stage of its $355 million redevelopment. The fashion and lifestyle precinct on level 2 is now open, with 20 brand-new and returning retailers to...
Pacific Fair launches its Beauty Weekend
Beauty industry consumer trends have witnessed a significant transformation in recent years, fuelled by the rise of social media platforms. Among these, TikTok has emerged as a powerful force in...
Chatswood Chase celebrates 40 years and introduces Chase Market’s anchor tenant
Chatswood Chase Sydney has been committed to bringing its customers the best Australian and international fashion, homewares, lifestyle and experiences for the past 40 years. The centre’s rich 40-year history...
Trident Capital Group acquires Coles in Middle Camberwell for $37m
A freestanding Coles supermarket in Middle Camberwell, Victoria, has transacted to a fund backed by Asian Capital. The asset, purchased by Trident Capital Group for $37 million represents a fully...
Charter Hall’s $10 Digital Gift Card Giveaway
Charter Hall Retail will be playing its part in easing some of the current financial burden households face with $10 centre digital rewards. Throughout June 2023, the campaign will be...
Vicinity Centres sells stake in Broadmeadows Central to Nikos Property Group
Melbourne-based Nikos Property Group has forged its second partnership with Vicinity Centres (VCX) after exchanging unconditional contracts to acquire a 50% interest in the Broadmeadows Central shopping centre in Victoria...
Research-led activations that create a sense of belonging and deliver meaningful experiences
This article by David Henderson and Corrine Barchanowicz of Vicinity Centres forms part of our ‘Activating Retail Precincts’ feature published in the latest edition of Shopping Centre News. Creating unique...
Dominant LFR asset in booming Tamworth is offered for sale
Tamworth Homespace, a large format retail (LFR) centre, has come to the market in regional NSW. JLL’s Nick Willis, Sam Hatcher, Sebastian Fahey and David Mahood have exclusively been appointed...
GPT’s National Reconciliation week activations
National Reconciliation Week – 27 May to 3 June – is a time for all Australians to learn about our shared histories, cultures, and achievements, and to explore how each...
Retail investment outlook remains strong through 2023
The retail sector in 2023 is largely underpinned by attractive asset pricing, new sources of capital entering the sector and strong market fundamentals flowing on from 2022, according to JLL’s...
April sees Rundle Mall back to pre-pandemic prime
Foot traffic in Rundle Mall returned to pre-pandemic levels in April, with activations for AFL Gather Round, LIV Golf and Tasting Australia supporting a 36% increase in total foot traffic...
World Square launches Lumine | World of Lights & Mirrors, in Celebration of VIVID
On Friday, 26 May, Sydney CBD’s World Square launched its three-week celebration of VIVID, Sydney’s Festival of Light. LUMINE | World of Lights & Mirrors ignites the imagination and transports...
Centre Profile: Central Park Mall
Fortius has a track record of ‘unlocking value’ in shopping centres. The company is nearing completion of its latest project. Unlocking value at this centre has led it to forming...
Elanor Investors Group – The evolution of a major player in our industry
Elanor Investors Group was founded in 2009. Its rise has been meteoric. Recently, the Group announced the acquisition of Challenger’s Australian real estate funds management platform. In retail property terms,...
CBD Guns 2023
“Lies, damn lies and statistics” ; a line often attributed to Mark Twain; it has significant relativity to this year’s CBD Guns feature – we need to be careful about how we interpret the data! It was 2020 when we published the last rankings showing the turnover statistics for CBD...
Melbourne Quarter’s week of festivities to honour and celebrate National Reconciliation Week
Melbourne Quarter has launched its annual program to honour and celebrate National Reconciliation Week – a significant week that commemorates our nation’s reconciliation journey. Melbourne Quarter is a precinct bordered...
Highly anticipated Tiger Lane opens in Canberra Centre
Canberra Centre has officially opened the second and largest stage of the highly anticipated Tiger Lane precinct. Spanning 2,000m2, Tiger Lane is a never-before-seen concept for the Capital and is...
Lakeside Joondalup welcomes Australia’s largest rebel rCX store
On Thursday 25 May, sporting retailer, rebel opened its largest Australian store at Lakeside Joondalup Shopping City in Perth. Located on level one near JB Hi-Fi, the rebel rCX store...
The Strand Coolangatta: The new home of Education on the Gold Coast
Hillcrest Christian College is the latest educational institution to join the Strand at Coolangatta’s growing list of schools and businesses, cementing the Strand’s position as the new home of education...
Westfield Knox announces opening date for next stage of its $355m redevelopment
Westfield Knox has announced the next stage of its $355 million redevelopment will open from 8 June, featuring an enhanced fashion and lifestyle offer with 20 new and returning retailers,...
Sekisui House announces strategic divestment in Ripley Town Centre
Sekisui House Australia has today announced its divestment of Ripley Town Centre — a 68-hectare, mixed-use master-planned community in south-east Queensland’s western growth corridor — following a comprehensive review of...
Retail Property Marketplace: Uniting retailers and landlords to rise above challenges and collaborate for growth
With the rise of e-commerce, COVID-19 and changing consumer behaviours, the retail industry has experienced a significant shift over the past few years. When combined with the recent interest rate...
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