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...
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...
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...
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...
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...
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...
Temperatures rising – The street’s the place to go
Inflation, bond yields, wage rises, labour shortages, cash rates… the list goes on – and they all affect shopping centre valuations. There’s so much negativity around at the moment regarding...
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...
Growth prospects fuel investor appetite for Australia’s large format retail sector
Investors are turning their sights to large format retail centres as strong population growth forecasts and a limited supply pipeline enhance the sector’s income and value prospects. Large format retail...
Mintus secures Bathurst Chase and Cranbourne West Shopping Centre
Property investment and development firm Mintus has secured Bathurst Chase for $17.5 million from Quanta Investment Funds, as well as its first Victorian acquisition, Cranbourne West Shopping Centre, for $41.8...
Woolworths sells two Queensland centres for $66 million
Supermarket giant Woolworths Group has sold two of its newest neighbourhood shopping centres in South-East Queensland, to Brisbane private investors, for a combined price of $66 million amid continued demand...
Dexus completes $284.1 million in disposals with Deepwater Plaza sale
Deepwater Plaza, Woy Woy has been sold to a private investor for $111 million as interest in convenience-focused sub-regional centres continues to increase. Simon Rooney, CBRE’s Head of Retail Capital...
Lewis Land to sell Adelaide’s only purpose-built outlet shopping centre
The highly successful Harbour Town Premium Outlets, Adelaide’s only purpose-built outlet shopping centre, is being offered for sale for the first time on behalf of Lewis Land Group. The decision...
Perth shopping centre offered for sale for the first time in over a decade
Woodvale Boulevard shopping centre has been listed for sale, representing the first opportunity in more than 12 years to acquire this dominant neighbourhood shopping centre in the affluent northern Perth...
Fortius to sell Artarmon Home HQ
Artarmon Home HQ, a large format retail (LFR) centre located in the heart of Sydney’s Lower North Shore has hit the market, with McVay Real Estate Australia exclusively appointed to...
MPG divests Melbourne Mall in first Victorian neighbourhood transaction of 2023
Village Lakeside Shopping Centre in Melbourne’s Pakenham has sold in what is the first neighbourhood shopping centre to transact in Victoria in 2023. Located within the established suburb of Pakenham...
IP Generation completes its largest individual shopping centre acquisition to date
Lendlease’s Australian Prime Property Fund (APPF) Retail and co-owner Lendlease Group have exchanged contracts on the sale of Craigieburn Central to IP Generation for a gross price of $300 million...
Strong-trading Woolworths supermarket in regional Victoria for sale
A freestanding Woolworths supermarket with a rare net lease and high barriers to future competition in regional Victoria’s, Kerang – 60km from Echuca – hits the market. Woolworths Kerang represents...
Neighbourhood centre in Perth’s Rockingham listed for sale
ASX-listed Mustera Property Group are set to sell its Shoalwater Shopping Centre within Perth’s city, Rockingham. Positioned on a 1.47ha site, the neighbourhood centre has a 6.3 year WALE with...
Forest Hill Chase shopping centre sold for almost $260 million
Haben Property Fund and The JY Group have acquired a 100% stake in Forest Hill Chase Shopping Centre as investors continue to seek retail assets in metropolitan locations with long-term...
Challenger divests its 50% stake in Sunshine Marketplace for $66 million
A 50% interest in one of Melbourne’s largest sub-regional landholdings has sold for $66 million to Aware Real Estate with Altis Property Partners as manager for the transaction. Sunshine Marketplace,...
Trophy Ascot supermarket asset catches investors’ eyes
Nestled in the heart of Brisbane’s third most affluent suburb, 27 Alexandra Road, Ascot, has hit the market, leased by supermarket success IGA Marketplace. The property is being marketed by Ray...
Elanor Investors acquires its first retail centre in WA
Elanor Investors Group recently purchased its first retail centre in Western Australia – Riverton Forum – and has appointed JLL to provide retail property management services for the centre. Formerly Stockland...
One of Queensland’s most dominant retail assets hits the market
A rare opportunity exists to purchase the only regional shopping centre in Far North Queensland, with Cairns Central coming to market. A lifestyle, entertainment and fashion destination for both residents and...
Ormeau Village sells for $37 million
Continuing a strong run of neighbourhood shopping centre transactions in Queensland, Ormeau Village, located on the northern Gold Coast, has sold for $37 million on a tight passing yield of 5.3%....
JLL named leading Retail Investments advisory firm in Australia
According to data analysed and published by MSCI Real Capital Analytics (RCA), JLL advised on the most retail transactions in 2022 and has been ranked as the leading retail investments...
Bathurst Chase Shopping Centre listed for sale
Bathurst Chase Shopping Centre has been listed for sale by Quanta Investment Funds, presenting an opportunity to acquire a strong-performing convenience and service-focused neighbourhood shopping centre. CBRE’s James Douglas, Joe...
Panthera Group’s Terrace Central comes to market with price expectations over $50 million
A neighbourhood shopping centre anchored by a high-performing Woolworths supermarket has come to market in Newcastle’s emerging northern growth corridor. Holding a prime position within the Raymond Terrace town centre,...
Mirvac sells Stanhope Village for $158m in off-market deal
Revelop has expanded its retail portfolio after acquiring a 100% stake in Stanhope Village for $158 million in a deal negotiated off-market by JLL’s Nick Willis and Sam Hatcher on behalf...
HomeCo sells Epping Hub for $70.25m
HomeCo Daily Needs REIT has sold Epping Hub to Forza Capital and Enclave Living/Jayland for a combined $70.25 million. The off-market deal was brokered by JLL’s Stuart Taylor and Tom...
St Leonards Square neighbourhood retail precinct listed for sale
Mirvac has announced that the neighbourhood retail precinct located within its award-winning St Leonards Square development on the Lower North Shore is for sale. Situated in one of Sydney’s most...
Fabcot developed Melbourne neighbourhood shopping centre hits the market
Stonebridge and Colliers have been exclusively appointed to bring the newly constructed Cranbourne West Shopping Centre and surplus land to market on behalf of Woolworths Group’s development business Fabcot. Cranbourne...
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