A 100% interest in MetCentre has exchanged hands for the first time in 40 years
In a landmark deal for both the retail and office sectors, MetCentre and 60 Margaret Street have been divested to investment manager, AsheMorgan for $796 million. JLL’s Retail Investments Australia,...
Scentre Group’s strategy continues to drive strong operating performance
Scentre Group, owner and operator of 42 Westfield destinations across Australia and New Zealand, has announced its third quarter operational update for the period ended 30 September 2023. Scentre Group...
Construction commences at $900m Waterloo Collective
Construction has officially commenced at Waterloo Collective, a $900 million joint venture between Mirvac and John Holland, which will deliver a mixed-use precinct combining residential apartments, social housing, student accommodation,...
Perth’s Midland Gate Shopping Centre sold for $465 million
Midland Gate, the dominant regional shopping centre in Perth’s fast-growing north-eastern metropolitan corridor, has been acquired for $465 million by Melbourne-based fund manager Fawkner Property together with PAG. The deal,...
Vicinity commits to Chatswood Chase luxury redevelopment with $307m acquisition
Vicinity Centres has exchanged unconditional contracts to acquire GIC’s 49% interest of Chatswood Chase Sydney for $307 million, with the transaction expected to settle on 15 March 2024. Chatswood Chase...
JY Group boosts Australian shopping centre portfolio to over $2bn with major acquisition
The Hong Kong based JY Group has expanded its Australian shopping centre portfolio with the $123 million acquisition of Melbourne’s Roxburgh Village. The purchase lifts the value of JY Group’s...
Golden Age strikes landmark deal with BTR platform Local Residential to acquire Box Hill twin towers
Leading developer Golden Age’s SKY SQR project in Box Hill will be home to the suburb’s first Build-to-Rent (BTR) offering, following a landmark deal with Melbourne-born BTR business, Local Residential....
2023 SCCA Marketing Awards Winners announced | QIC wins Campaign of The Year for the second consecutive year
Last night, at an exclusive Gala Dinner at Sydney’s Ivy Ballroom, the Shopping Centre Council of Australia (SCCA) announced the winners of its 2023 SCCA Marketing Awards and there seemed...
Westfield Knox unveils brand new food court
Westfield Knox has opened a reimagined and relocated food court on level one as part of its $355 million redevelopment. With sought-after food operators slated to open in stages from...
ISPT sells major Brisbane CBD retail asset for $145m
Australian property fund manager, ISPT, has sold 170 Queen Street Mall, Brisbane to a local private investor. The sale follows last week’s announcement to divest Eastgate Bondi Junction and two...
oOh! launches premium Sydney Out of Home network and reooh announces its first Australian retail media partner
oOh!media will launch more than 800 digital faces across its brand-new premium Sydney network, and for the first time in Sydney’s CBD – large format, full motion 3D Anamorphic screens. ...
A green return on investment – the future for returnable goods
Online retailing isn’t that good for the environment. Every second, the equivalent of a truckload of clothes is burned or dumped in landfill. In the US, up to 30% of...
Adapting the food and hospitality proposition amid rising cost of living pressures
In this article, Allan Forsdick delves into practical strategies for shopping centres and F&B operators to consider, in order to meet the specific needs of different customer segments to maximise...
Improvement Districts as a model for regeneration
A Business Improvement District (BID) is a partnership where property owners and retailers come together to make a positive and collective contribution to the good of their district. As Claire...
Region Group to divest three Woolworths-anchored retail properties
Region Group is looking to divest three Woolworths-anchored, convenience and essential service-based retail properties across Australia’s East Coast. The three assets, located in Victoria and New South Wales, consist of...
South.Point announces new dining and entertaining space for the Tuggeranong community
Leda Holdings’ South.Point has announced ‘The Point’ – a new multi-million-dollar dining and entertainment precinct which is set to open in December 2023. The Point is a redevelopment of the...
Eastgate Bondi Junction hits the market after almost 30 years of ownership
A dominant and convenience-focused sub-regional shopping centre situated in the epicentre of one of Australia’s most coveted locations hits the market, presenting an exceptional opportunity to acquire a trophy Sydney...
ISPT to sell two trophy Melbourne CBD retail assets
An exceptionally rare opportunity to acquire 100% interests in Melbourne’s GPO and The Strand Melbourne – two iconic CBD retail assets – is being offered on behalf of super fund...
The elevated retail and experiences transforming our neighbourhoods
We live perhaps in the most changing of modern times. Thursday night has become the new ‘Friday night’ for the CBDs as office workers now spend Fridays at home. More...
Retail in the sky – inside the future of rooftops
Several of our shopping centres have already begun to utilise their rooftops. Previously unused space can be transformed into favourite places. In this article, Reid Nakou, Head of Retail and...
Sutherland Shire’s newest shopping destination to open on 22 November
Australian developer Novm has announced that its much-anticipated Bay Central Woolooware shopping centre, part of the billion-dollar Woolooware Bay Town Centre in Sydney’s Sutherland Shire, will officially open its doors...
Hybrid work means Mini Guns must lift their F&B game
More people are working from home, and Australia is leading the world! 34% of Australian workers are ‘hybrid’ – more than in the US, UK and Canada. This means they’re...
Dickson Village sells for $157.5 million
In one of the largest mixed-use transactions this year, Dickson Village has been sold for $157.5 million to Aware Real Estate, the property investment platform for Aware Super and its...
Mernda Town Centre for sale
The Mernda Town Centre, which comprises a Woolworths-anchored neighbourhood shopping centre and two surrounding development parcels is being offered for sale, separately or in one line. Adjoining the Mernda Train...
Plumpton Marketplace commences upgrade works to enhance customer experience
Plumpton Marketplace, managed by Lendlease, is set to undergo upgrade works to its external dining precinct and internal food court, which will revitalise the centre and create a more vibrant...
Art reflecting life at Stockland’s town centres
Stockland’s Public Art Strategy is transforming its town centres with colourful murals. In its latest collaboration, a 65-metre long and seven-metre high mural in Stockland Rockhampton features some of Australia’s...
Quay Quarter: The creation of a new precinct in the heart of Sydney’s CBD
A new precinct has been created in the heart of Sydney’s CBD. It will bring people back to a previously neglected part of the city, where they will enjoy a...
Vibrant Sydney dining and retail precinct comes to market on behalf of Lendlease
Darling Square Retail, which boasts some of Sydney’s best retail and dining offerings in the award-winning Darling Square mixed use precinct, has been exclusively listed for sale through Colliers. Colliers’...
The future strategies of fresh food markets in Australia – what’s on the horizon?
Future Food provides food consultancy for some of Australia’s best fresh food markets; both existing and under redevelopment. With exposure to projects such as the new Sydney Fish Market, Adelaide...
HomeCo divests WA shopping centre for $74.75m
In the largest Large Format Retail (LFR) transaction to occur since late 2022, HomeCo Daily Needs REIT has divested HomeCo Midland to national property investor and developer PWD for $74.75...
Revolutionary anti-theft bicycle parking docks unveiled at Belmont Forum
Belmont Forum has unveiled Western Australia’s first anti-theft bicycle and e-bicycle parking and charging docks. The aim of the docks is to minimise theft, decrease emissions and promote a healthy...
rebel’s new flagship store to open in Emporium Melbourne
Australia’s most popular destination for sporting goods, rebel, has announced its new flagship store housed in Vicinity’s Emporium Melbourne. Due to open in November, ahead of the Black Friday and...
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