Transformational year for HomeCo following successful merger with Aventus
It’s been a big year for HomeCo Daily Needs REIT (HDN) with the Aventus merger now completed and delivering. The Group’s full-year results (ending 30 June 2022), underscore the strong strategic...
Homeworld Helensvale sells for $265 million
Queensland’s premier large format and daily needs centre, Homeworld Helensvale, has sold for $265 million. The sale represents the largest Queensland LFR transaction on record and the second largest in Australia....
Recently renovated Beaudesert Fair Shopping Centre listed for sale
Beaudesert Fair Shopping Centre, the largest within south-east Queensland’s Scenic Rim Region, has been listed for sale after undergoing an extensive repositioning and capital expenditure program. Located 65km south of...
Quanta Investment Funds announces first acquisition under new banner
Australian property investment group, Quanta Investment Funds (Quanta) has announced the settlement of its acquisition of Yamanto Village, 422-436 Warwick Road, Yamanto in Ipswich, Queensland last week for $21.1 million. The...
The role of inflation in shopping centre values
The world is changing! Inflation has arrived, unemployment is down and wages are on the increase. What has been ‘normal’ for the past decade is now abnormal. Someone’s kicked the...
St Ives Shopping Village listed for sale
Well-known and much-loved community landmark St Ives Shopping Village, together with 11 adjoining properties in the heart of Sydney’s leafy North Shore, presents a major redevelopment opportunity. The centre and...
Perth shopping centre changes hands in $81.5m off-market deal
Greenpool Capital and Savills Investment Management have purchased the Forest Lakes Shopping Centre in Perth’s south-eastern suburbs for $81.5 million. Located in the inner-Perth suburb of Thornlie, 15km from the...
Chatswood CBD investment and landbank to be sold with approved mixed-use potential
A strategic income-producing opportunity providing developers access to a rare freehold Chatswood CBD investment and landbank with masterplan approval for a 27-storey mixed-use development hits the market. Stonebridge Property Group...
CVS Lane and CPG place South-East Queensland retail asset portfolio on market
CVS Lane and Consolidated Properties Group (CPG) have commenced a formal sales and marketing campaign for five of the neighbourhood shopping centres in their South-East Queensland portfolio. The centres, which...
Highly sought-after Melbourne metropolitan shopping centre hits the market
Stonebridge Property Group’s listing of Rivergum Village Shopping Centre will test the market for a non-discretionary and highly convenient neighbourhood centre in metropolitan Melbourne. Rivergum Village Shopping Centre is strategically...
Lendlease Sub-Regional Retail Fund assets for sale
The Lendlease Sub-Regional Retail Fund (LLSRF), an unlisted wholesale fund managed by the global real estate group, will test investor demand for a portfolio of three dominant convenience-based sub-regional centres...
Newmark acquires Large Format Retail property in Brisbane for $57m
Newmark REIT Management Limited as the responsible entity of Newmark Property REIT has announced the exchange of a contract for the acquisition of a large format retail (LFR) property in...
Last retail centre near Sydney’s Opera House for sale
The last retail opportunity amongst Sydney’s Opera House, with a front-row seat to Sydney Harbour including 38 metres of waterfront frontage, is being taken to the market with a price guide...
Woolworths-anchored Gold Coast shopping centre with major development upside hits the market
A high-performing Woolworths-anchored shopping centre in the Northern Gold Coast Growth Corridor with potential for future development has come to market. Located on Foxwell Road, The Woolworths Coomera East Shopping...
Newcastle’s East End Village retail precinct hits the market
Development and hospitality group, Iris Capital is selling East End Village within the state-of-the-art mixed-use development East End Master Plan Project, one of Newcastle City’s most significant revitalisation projects of...
SCA Property Group acquires portfolio of five neighbourhood centres for $180 million
A highly sought-after neighbourhood retail portfolio comprising five assets across Queensland, Adelaide and Perth has been bought by SCA Property Group for $180 million. The portfolio consists of Brassall Shopping...
Oreana Group bolsters development pipeline with Melbourne shopping centre site
Oreana Group has acquired Riverwalk Town Centre from Development Victoria for $12.3 million following a contested campaign. Riverwalk Town Centre is a prominent 3.01ha site within Development Victoria’s highly successful...
Frasers is selling Coorparoo Square in Brisbane
Frasers Property Australia is selling Coorparoo Square, the shopping, dining and entertainment destination located in inner Brisbane, just 4.5km from the Brisbane CBD. Opened in November 2017, the shopping centre...
Centuria expands institutional healthcare and retail portfolios
Real Estate Funds Manager, Centuria Capital Group, has secured $223 million worth of healthcare and daily needs retail assets on behalf of existing institutional partnerships. Centuria, via its existing daily...
Highfields Plaza sells for $16.3m in off-market deal
Highfields Plaza, located near Toowoomba, has sold for $16.3 million in an off-market transaction, adding further to strong buyer activity for neighbourhood centres. Savills’ Peter Tyson and Jon Tyson handled...
QIC divests Castle Mall for $105 million
In a statement from QIC Real Estate, Managing Director, Michael O’Brien, confirmed QIC had settled on the sale of Castle Mall (NSW) with The Hills Shire Council. O’Brien said the...
Crossroads, one of Australia’s largest LFR assets for sale
A 100% interest in Crossroads is being offered to market, providing investors with the opportunity to acquire the 143,520m2 freehold Sydney metropolitan landholding over four separate titles. Crossroads Centre at...
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...
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...
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...
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...
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...
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. ...
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...
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...
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