Customer focus pays off as Scentre Group posts strong results for the quarter
Scentre Group today announced an operational update for the first three months to 31 March 2022. During the three months, the Group completed 536 lease deals, including 237 new merchants,...
GPT results demonstrate resilience as the Group unlocks mixed-use opportunities
The GPT Group held its 2022 Annual General Meeting yesterday and announced its operational update for the quarter ended 31 March 2022. Despite the challenging year occupancy is above 99%, which demonstrates the...
JD Sports’ largest Gold Coast store opens at Robina Town Centre
QIC’s Robina Town Centre has welcomed the arrival of international sneaker and gym-wear giant JD Sports’ largest Gold Coast store. Complementing the centre’s dynamic fashion mix of internationally-recognised brands, JD...
Quanta welcomes new Head of Property Investments
Quanta Investment Funds, an Australian property investment group recognised for its people-first approach to delivering enhanced returns from its property trusts, has appointed Chris Carrigan as its new Head of...
oOh!media announces changes to executive leadership team
Noel Cook, Chief Commercial and Operations Officer at Out of Home media company, oOh!, has announced his intention to depart the business after more than 30 years. Cook, who is leaving...
QIC brings back individuality in fashion with My Style My Way campaign
QIC Real Estate has launched its Autumn/Winter 22 fashion campaign, My Style My Way, encouraging customers to embrace individuality this season. Launching across five of QIC’s largest shopping centres in...
Opportunity to partner on major development in Sydney’s North West
An opportunity to jointly masterplan, develop and co-own a major retail/mixed-use project in Rouse Hill is being offered to the market on behalf of Civil Contracting-based company, ABAX Contracting. CBRE’s...
Nikos Property Group acquires 50% stake in Colonnades for $138.2 million
A 50% interest in the Colonnades Shopping Centre in Adelaide has sold for $138.2 million to Nikos Property Group, demonstrating the liquidity in the market and robust demand that remains...
Big improvements for Vicinity’s environment ratings
A national rating used to measure environmental sustainability has reported significant improvements across Vicinity Centres’ portfolio as it continues to strive to meet its net-zero emissions commitment by 2030. The...
Retail sales reach record levels in March as spending challenges loom
Australian retail sales reached their highest levels on record, with March trade increasing 9.4% compared to the same time last year and increasing 1.6% compared to the previous month, according...
Sydney’s Lord Mayor officially opens Quay Quarter Lanes
Quay Quarter Lanes, Sydney’s newest lifestyle precinct, officially opened today with a ribbon-cutting by Sydney’s Lord Mayor, Clover Moore. The ribbon-cutting ceremony at 11am in Loftus Lane, was followed by...
Yamanto Central turns ONE and rolls out new retail concepts
Queensland’s newest sub-regional shopping centre, Yamanto Central, is hitting another major milestone. The centre which launched during the pandemic is celebrating its first birthday, with the next 12 months set to...
Distillery Road Market to launch Food and Entertainment District
The days of the bland shopping mall and boring food courts are over. Distillery Road Market (DRM) will transcend what is on offer today and transform people’s expectations of what...
AMP agrees to sale of real estate and infrastructure equity business
AMP Limited has entered into an agreement for the sale of Collimate Capital’s real estate and domestic infrastructure equity business to Dexus Funds Management Ltd (Dexus), for an upfront cash...
Frasers Property’s ECQ XL on track for mid-year opening
Boat, caravan and 4WD retailer Road Tech Marine, global BBQ brand Weber and workplace safety specialists RSEA Safety have been revealed as the new names coming soon to Stage 2...
Mallcomm continues European expansion with first partnerships in Greece and Belgium
Global proptech company Mallcomm has expanded its European footprint with its first strategic partnerships in Greece and Belgium with AG Real Estate and Lamda Developments. Mallcomm is a leading digital partner...
Lendlease combines its Funds and Asset Management capabilities
Lendlease has combined its multi-sector Funds and Asset Management capabilities into one Investment Management business, where the Retail team will continue to drive next-generation asset management to deliver great experiences...
Harbour Town Adelaide secures leading global brands
In a major coup for South Australia’s only premium outlet shopping destination, Harbour Town Premium Outlets Adelaide has secured highly respected US retail giant TK Maxx, creating 50 local jobs....
Stockland improves accessibility at Retail Town Centres with sensory maps
Stockland has worked with Autism Spectrum Australia (Aspect), Australia’s largest service provider for people on the autism spectrum, to be the first property company to create sensory maps of its...
Retail resilience on show in Quay Quarter Lanes
Sydney’s newest lifestyle precinct, Quay Quarter Lanes, is proving that retail is back and thriving after a tumultuous two years in which thousands of Australian businesses closed. The eclectic community...
Colliers fields strong demand for University of Melbourne’s new retail precinct
Overwhelming demand from retailers to be part of The University of Melbourne’s $200 million Parkville redevelopment has seen national and local brands snap up space in the first stage of...
Retailers welcome change to isolation rules across Victoria and New South Wales
Retailers welcome the announcement to change close contact isolation rules in Victoria and New South Wales this weekend, anticipating it will lessen the burden of labour shortages throughout the industry....
Dymocks unveils its new flagship Rundle Mall store
Australia’s leading bookseller Dymocks has unveiled its new flagship Rundle Mall, following a $1.5 million fit-out of the historic Regent Theatre. The store’s grand opening was launched at 9am on...
Brand-new, convenience retail and essential services centre in Brisbane comes to market
Ferny Grove Central, the brand-new, convenience retail and essential services centre, uniquely integrated with the adjacent Ferny Grove Train Station and Bus Interchange some 20km north of Brisbane’s CBD, is...
Plans approved for Jam Factory precinct regeneration
The ambitious plans to transform Chapel Street’s Jam Factory into a world-class retail, residential, hotel and commercial precinct will soon become reality as the City of Stonnington this week approved...
Premier super-regional retail opportunity hits market in QLD
An opportunity to acquire a 50% majority interest in one of Queensland’s best performing super-regional shopping centres is set to spark a fierce contest in excess of $600 million. Colliers’...
JLL’s latest Retail Investment Report shows a changing ownership profile for retail assets in Australia and divergent investment strategies
New players, executing different investment strategies in Australia’s retail investment market will lead to continuing elevated transaction volumes. However, surpassing the 2021 record of $13.4 billion of retail transactions will...
High-profile Sydney retail centre listed for sale
Central Park DUO has come to market and presents as an immaculate retail centre consisting of eight external facing shops with rare Broadway frontage totalling 1,090m2. The asset is located...
World renowned brands Missoni and Brunello Cucinelli to join Sydney’s 25 Martin Place
Dexus today announced world renowned Italian luxury fashion houses, Missoni and Brunello Cucinelli, will unveil their flagship Australian store at 25 Martin Place, Sydney. Joining a line up of premium...
Auckland Airport breaks ground on New Zealand’s first purpose-built fashion outlet centre
Auckland Airport is laying the foundation for a major new retail development on the airport precinct, with earthworks now underway for the construction of the country’s largest purpose-built fashion outlet...
Primewest to divest portfolio of five neighbourhood retail centres
A highly sought-after neighbourhood retail portfolio comprising five assets across Queensland, Adelaide and Perth has come to market, with the most recent transactions in this retail sub-sector reaching record highs. ...
Westfield Parramatta commences work on $33 million upgrade
Scentre Group has today announced a $33 million investment in Westfield Parramatta to revitalise and enhance its fresh food experience. The upgraded 7,000m2 fresh food experience on Level 5 will...
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