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...
Indooroopilly Shopping Centre to launch Automall West precinct this month
Indooroopilly Shopping Centre is driving retail forward and revolutionising the way we shop for cars by bringing an Australian first shopping experience to Brisbane with the launch of the Automall...
Harris Scarfe bolsters presence in Melbourne with two new stores opening
Harris Scarfe is boosting its presence in Melbourne’s thriving northwest growth corridor with two new stores officially opening its doors at 9am on Thursday 7th April. The Craigieburn and Sunbury store...
JLL names Dan Kernaghan as CEO for Australia & New Zealand
Global real estate services firm, JLL has appointed Dan Kernaghan to lead the firm’s Australian and New Zealand business as Chief Executive Officer. Kernaghan takes over the role from Stephen Conry,...
Parkstone acquires two Woolworths-anchored retail centres in $40m deal
Adelaide-based property investment manager, Parkstone, has added two Woolworths-anchored centres to its retail portfolio in off-market deals worth more than $40 million through Savills. The centres – located at Virginia...
Mirvac Retail launches Easter photos across its centres
A number of Mirvac Retail’s shopping centres across NSW, Queensland and Victoria have launched professional Easter photo sets, inviting families, couples, friends and pets to have their photos taken for...
Narellan Town Centre gives local schools the chance to win big this Easter
In collaboration with schools in the local area, Narellan Town Centre (NTC) in Sydney’s southwest is hosting a giant Easter egg hunt and favourite egg voting competition as the centre transforms...
Stockland hosts fashion activations in three Sydney Town Centres
Stockland has launched its new and exciting campaign, Fashion Locker, just in time for customers to find out about the latest Autumn/Winter trends across its three retail centres: Stockland Balgowlah,...
Broadmeadows Central celebrates cultural diversity with Ramadan Mubarak
Following the success of the 2021 Ramadan Mubarek, Broadmeadows Central is delighted to partner with three local schools to celebrate Ramadan in 2022. Broadmeadows Central Marketing Manager, Ilhan Uysal said...
QIC settles with IP Generation on the sale of 50% of Westfield Helensvale
QIC Property Fund has settled with IP Generation Holdings on the sale of its 50% share of Westfield Helensvale (Gold Coast, QLD), held in Joint Venture with Scentre Group. Since...
Retail sales continued to perform well in February according to ABS figures
Retail sales continue to track well according to the latest figures (February 2022) of the monthly ABS Retail Trade data indicating that the overall month-on-month (m-o-m) estimate increased by 1.8%,...
Bridging the COVID-19 gap through automation
The 2021 Frank Lowy Fellowship recipient, Digital Solutions Manager Elizabeth Craig, was recognised for her role in delivering several digital innovations to drive efficiency and connection with special mention for...
Neighbourhood shopping centre in Metropolitan Melbourne for sale
Watervale Shopping Centre in Melbourne’s Taylors Hill is set to test investor demand in the hotly contested neighbourhood shopping centre market, following a year of record high transaction volumes in...
Marketplace Gungahlin tipped to fetch more than $400m
Private Australian property group Vinta is moving to sell the strongly performing Marketplace Gungahlin shopping centre in Canberra with price expectations of more than $400 million. Situated 11km north of...
Indoor rainforest transforms Greensborough Plaza into a nature lover’s paradise
Greensborough Plaza in Melbourne’s North-East is embracing all the wonders of nature with the launch of its live indoor rainforest experience at Centre Court. Filled with an array of living...
A Sydney icon set to relaunch in 2023 with Maurice Terzini as Creative Director
Lendlease has announced the appointment of DTL Entertainment Group to re-launch the Sydney institution Jacksons on George at its Sydney Place development in early 2023. DTL Entertainment is led by...
CIM awarded analytics and systems contract by Lendlease
CIM, the building analytics SaaS platform helping the Australian property industry achieve net zero emissions, has been contracted to provide analytics and systems monitoring for 16 buildings in Lendlease Investment...
JLL REVIEW: Retail investment resurgence
What happened to the shopping centre industry last year in terms of property transactions? You could be forgiven for thinking not much during a period of lockdowns and border closures....
Adelaide’s Rundle Mall experiences an uptick in positive leasing activity from prominent retailers
Adelaide’s low COVID-19 infection rate and the re-emergence from lockdowns resulted in the state economy improving quickly from a sharp decrease in output through the first half of 2020. The...
Oreana Group’s Kallo Town Centre to test the market
Kallo Town Centre will test the market for a product that has become an investor favourite based on recession-proof, non-discretionary tenancy profiles and long leases to blue-chip tenants. The brand...
Landream to sell Sydney neighbourhood centre Beecroft Place
Stonebridge Property Group and Knight Frank have been appointed to sell a high-quality Sydney metropolitan neighbourhood centre, Beecroft Place, located in the affluent suburb of Beecroft, 22km to the Northwest...
Cameron Park Plaza in Newcastle hits the market
Colliers are launching Cameron Park Plaza, one of Newcastle’s newest neighbourhood shopping centres on behalf of Woolworths Group’s development business Fabcot. Cameron Park Plaza is anchored by a strong performing...
CEO OUTLOOK: Marco Ettorre, Head of Retail and Investments, AMP Capital
This article by Marco Ettorre, Head of Retail and Investments, AMP Capital, forms part of a special CEO Outlook feature published in SCN’s Big Guns 2022 edition. Before I put...
CEO OUTLOOK: Chris Barnett, Head of Retail and Mixed-Use, GPT
This article by Chris Barnett, Head of Retail and Mixed-Use, GPT, forms part of a special CEO Outlook feature published in SCN’s Big Guns 2022 edition. As I look back...
CEO OUTLOOK: Lillian Fadel, Director Customer Experience, Scentre Group
This article by Lillian Fadel, Director Customer Experience, Scentre Group, forms part of a special CEO Outlook feature published in SCN’s Big Guns 2022 edition. We’re excited about the year...
CEO OUTLOOK: Scott Mosely, Managing Director Investment Management, Lendlease
This article by Scott Mosely, Managing Director Investment Management, Lendlease, forms part of a special CEO Outlook feature published in SCN’s Big Guns 2022 edition. With more than 60 years...
CEO OUTLOOK: Kelly Miller, General Manager Retail, Mirvac
This article by Kelly Miller, General Manager Retail, Mirvac, forms part of a special CEO Outlook feature published in SCN’s Big Guns 2022 edition. There were signs by mid-2021 that...
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