CBRE Research: CBD retail vacancy tightening across Australia’s major city markets
CBRE’s latest Australian CBD Retail Vacancy H2 2023 report highlights that of the four capital cities surveyed, Melbourne continues to record the lowest vacancy in the country at 7.37% as...
Retail grants and incentives of up to $500K to join mixed-use Brisbane riverfront village
Grants and incentives are being offered to retailers to establish at Portside Wharf in Brisbane as part of a $20 million enhancement program revitalising the mixed-use riverfront precinct ahead of...
Sharp yield for Victorian Woolworths anchored neighbourhood shopping centre
Neighbourhood shopping centre, Pakington Strand has sold on a benchmark yield of sub-5.50%. The sale was managed by Colliers’ Tim McIntosh and James Wilson in conjunction with Stonebridge’s Kevin Tong...
Rundle Mall extends retail trade during festival season
Extended Saturday trading, an espresso martini bar, live street performers and DJs will headline this year’s MallFest, as Festival Season arrives in Rundle Mall. Retailers in Rundle Mall will open...
TOGA brings Harris Farm Markets to Marrickville
Australian developer TOGA has announced Harris Farm Markets as the supermarket tenant at its new urban precinct, Wicks Place in Sydney’s Inner West. Located at 186 Victoria Road, Marrickville, Harris...
Sutherland Shire’s newest shopping centre opens
Woolooware Bay residents and local shoppers are embracing Australian developer Novm’s new Bay Central shopping centre in Sydney’s Sutherland Shire, which is now open to the public. The new centre...
Swiss Concept and JOJI to complete luxe line-up at 388 George Street
A sophisticated new Japanese-inspired rooftop restaurant and a high-end Swiss timepiece retailer will complete the line-up of retail offerings at 388 George Street’s retail precinct – Sydney CBD’s newest hub...
From COVID crosshairs to 2023’s most traded property asset: Retail’s fund/syndicate and private investment boost
Fund/syndicate and private investors seized counter-cyclical opportunities, collectively accounting for 77% of all retail deals last year, according to Colliers Retail Investment Review 2023. Despite a drop in traditionally dominant...
Coles anchored Whiteman Edge Village sold for $39m
JLL has announced the sale and settlement of Whiteman Edge Village and adjacent development site on behalf of Coles Group Property Developments for $39.067 million. Opened in June 2021, Whiteman...
GPT appoints Louise Mason as Independent Non-Executive Director
The GPT Group has announced the appointment of Louise Mason as an Independent Non-Executive Director with effect from 1 May 2024. Mason is an experienced property executive with more than...
Largest Melbourne CBD transaction of 2023 with sale of Mitchell & Milledge House
After more than five decades, the historically iconic Mitchell and Milledge House, two freehold properties situated on one of Melbourne CBD’s most prominent corners, have undergone a transaction, marking the...
Parkstone and Centennial buy Bundaberg’s biggest retail centre for $107m
Parkstone Funds Management, in partnership with fund manager Centennial, has exchanged contracts to purchase Bundaberg’s biggest and highest-performing retail precinct, the Hinkler Central Shopping Centre, for $107 million from QIC...
QV Melbourne celebrates Lunar New Year
From 8-21 February, QV Melbourne welcomes the Year of the Dragon with a bespoke installation, The Dragon’s Tale. Following last year’s delightful Dancing Bunnies, The Dragon’s Tale is a giant...
Hampton Central for sale in Melbourne’s affluent bayside
A strong-performing freestanding Woolworths supermarket on a net lease alongside a collection of prime retail shops hits the market. Stonebridge Property Group’s Justin Dowers and Kevin Tong have been exclusively...
Vale Lang Walker AO
The Directors of Walker Group have paid tribute to Founder and Chairman Lang Walker who passed away peacefully at home in Sydney with his family by his side. The Billionaire...
Adelaide spends big in Boxing Day and Black Friday sales bonanza
City shoppers have soaked up the Black Friday and Boxing Day sales in Rundle Mall with new data showing strong foot traffic and sales growth, according to the Adelaide Economic...
Croydon Central to host monthly ‘Market Day’
Haben’s Croydon Central Shopping Centre continues to pay homage to a piece of its market history, hosting its second fun-filled Market Day on Sunday 21 January, with subsequent Market Days...
Sod Turning marks the beginning of long-awaited neighbourhood centre
Revelop has commenced construction works this week after the official sod-turning ceremony held on Wednesday 18th January at its Calderwood Village site. The circa $50 million development approved in the...
Australian retail market finished with transaction rush in 2023
For the first time since 2004, Retail Investment transaction volumes were higher than Office and Industrial with $6.25 billion of sales representing 36% of the traditional property sectors. According to...
Coles sells neighbourhood shopping centre in NSW for $33m
A neighbourhood shopping centre in the NSW Hunter Region has sold to a private investor for $33 million on behalf of Coles Group Property Developments. Huntlee Shopping Centre in North...
Frasers Property Australia appoints new CEO and announces executive changes
Frasers Property Australia Chief Executive Officer Anthony Boyd has been promoted to the role of Group Chief Operating Officer for Frasers Property Limited, with Cameron Leggatt to step up to...
Banna Property Group celebrates the milestone birthdays of three shopping centres
The driving force behind three thriving neighbourhood shopping centres Banna Property Group, is excited to announce the successful celebrations of birthday milestones for Greenfield Park Shopping Village (40 years), Pennant...
Coles buys Bingara Village neighbourhood centre
To support Wilton’s rapidly expanding population and increasing retail demand, Metro Property Development (Metro) has sold its retail neighbourhood centre site in Bingara Gorge to Coles. Spanning 450 hectares, Bingara...
Tipalea Partners and i2C Architects unveil plans for neighbourhood activity centre in Tasmania
Property developers Tipalea Partners, along with i2C Architects have launched plans for Spring Farm Village in Kingston to service the fastest-growing local government area in Tasmania. The neighbourhood activity centre...
Charter Hall divests Rosebud Plaza for $134.5m
In a year with reduced investment volumes across global capital markets, Charter Hall Retail (CQR) has divested a Melbourne Sub-Regional shopping centre in a $134.5 million deal that reaffirms investor...
Hawaiian celebrates 30-years of neighbourhood shopping centres
In a milestone achievement, WA-based property company, Hawaiian wrapped up 2023 by officially marking its 30th birthday and looks to build on this foundation as it announces the major upgrade...
Chadstone x NGV | Azuma Makoto Botanical Sculpture unveiled
Chadstone unveils its collaboration with internationally recognised flower artist Azuma Makoto as part of the centre’s ongoing partnership with the National Gallery of Victoria (NGV) Triennial exhibition. Chadstone welcomes two...
Sydney’s customer experience evolves as population rises
According to CBRE’s latest research report, Sydney’s retail landscape is quickly changing as customer experience and consumer demands evolve across multiple industries, alongside a rapidly rising population. The research explores...
Elanor delivers Capital Food Market as final stage of Belconnen precinct revitalisation
Elanor Investors Group has opened the new Capital Food Market in Belconnen, ACT. The 4,300m2 market hall boasts a fusion of 40 specialist food providores and casual dining operators, providing...
Greenpool Capital acquires Dianella Plaza from Vicinity for $76.25m
Active Perth-based funds manager Greenpool Capital has purchased Dianella Plaza in Perth’s northern suburbs for $76.25 million to close out 2023. The transaction was struck at a $4.25m premium to...
Fawkner Property swoops on Cairns Central in $390 million acquisition
The Lendlease managed Australian Prime Property Fund Retail (APPF Retail) has exchanged contracts with Fawkner Property for the sale of Cairns Central in Far North Queensland for circa $390 million...
QIC’s Eastland takes out 2023 Victoria Government Learn Local Award
Eastland Shopping Centre has recently won the 2023 Victoria Government Learn Local Award for its Hungry 4 Success partnership pathway to employment program. Hungry 4 Success is a pre-employment program...
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