Vicinity optimises its portfolio with divestment of Runaway Bay, acquisition of Harbour Town now unconditional
Vicinity Centres has exchanged contracts to sell its 50% interest in Runaway Bay Centre in Queensland to Perth-based Greenpool Capital in partnership with Qualitas, for $132 million, while its acquisition...
Link acquires iconic Sydney CBD retail portfolio for $538.2 million
Hong Kong’s Link REIT has acquired a 50% interest in trophy Sydney retail assets the Queen Victoria Building (QVB), The Strand Arcade and The Galeries in a landmark transaction valued...
SCA acquires Delacombe Town Centre for $112 million
Delacombe Town Centre has been sold by Troon Group to SCA Property Group for $112 million reflecting an implied fully let yield of 5.34%. The off-market sale was brokered by JLL’s...
GPT Wholesale Shopping Centre Fund divests Wollongong Central
Haben Property Fund and Hong Kong-based JY Group have acquired a 100% interest in Wollongong Central for $402 million in the largest regional shopping centre sale nationally in more than...
CIP sells stake in Roselands Shopping Centre for $167 million
Fast growing investor JY Group has outlaid $167 million for a 50% interest in one of Sydney’s oldest shopping centres – Roselands Shopping Centre in Sydney’s south-west. JY Group already...
Ownership in Macquarie Centre and Pacific Fair secured in record $2.2 billion deal
AMP Capital today announced new partners in the AMP Capital Retail Trust (ACRT). UniSuper, one of Australia’s leading superannuation funds and Cbus Property, one of Australia’s leading property investors and...
Woolworths Group to sell major NSW south coast shopping centre
Woolworths Group is set to sell Sapphire Marketplace, a triple major sub-regional shopping centre located in Bega on NSW’s south coast, following continued strong investor demand for non-discretionary retail investment...
Primewest Secures Northgate Shopping Centre and Potts Point Retail Centre
Centuria Capital Group subsidiary, Primewest, has secured two retail assets – Northgate shopping centre in Geraldton for $71.2 million and Woolworths-anchored daily needs retail precinct within Potts Point’s OMNIA mixed-used development for...
Perron sells 50% stake in Runaway Bay Shopping Centre for $128 million
Perth’s Greenpool Capital in partnership with investment firm Qualitas has made its latest retail play, acquiring a 50% stake in the Gold Coast’s Runaway Bay Shopping Centre for $128 million....
Elanor establishes new managed fund to acquire $136 million Warrawong Plaza
Elanor Investors Group (ENN) has established Warrawong Plaza Fund to acquire the Warrawong Plaza shopping centre for $136.35 million. The acquisition reflects an attractive 7.75% fully leased yield and $3,143...
Bunnings properties attract strong investor demand
More than $412 million in freestanding Bunnings Warehouse investments have transacted in 2021 year-to-date, across 11 assets. The strong level of purchaser competition continues to highlight the increased depth of...
Melton Station Square Shopping Centre sells for $43 million
Melton Station Square Shopping Centre has transacted via an off-market deal for $43 million representing a 4.83% fully leased yield further demonstrating the strong demand and yield compression that is...
Woolworths Greenvale Lakes sells on a sub 4% yield
The brand-new Woolworths Greenvale Lakes supermarket, BWS and two speciality shops has transacted for $27.7 million, representing a sharp yield of 3.95% and demonstrates the continued positive sentiment around retail investments...
QIC acquires Craigieburn Junction for $135 million
QIC Active Retail Portfolio Fund (QARP) has exchanged unconditionally with PGIM to acquire Craigieburn Junction, a large-format retail centre in Melbourne’s North, for $135 million. The sale was brokered by...
Dexus taps global market interest in iconic $700m retail play
Leading Australian retail owner managers, institutional funds and heavyweight offshore investors are expected to lead the bidding for landmark stakes in the Gold Coast’s Pacific Fair Shopping Centre and Sydney’s...
Mount Pleasant Centre sells for $162.5 million
Melbourne based fund manager Fawkner Property has acquired the Mount Pleasant Centre in north Queensland for $162.5 million amid strong investor demand for sub-regional shopping centres. The centre is recognised...
Albury Convenience Centre sells for $29.5 million
The Albury Convenience Centre has been acquired by Melbourne based investors Collective Capital for $29.5 million reflecting a yield of 6.21%. The transaction was negotiated by JLL’s Stuart Taylor, Tom Noonan...
Caringbah development site to hit the market, Oatley Village Square sells
Coles Group Property Developments is moving to sell a major mixed-use apartment and retail site in Sydney’s south amid strong ongoing investor interest in non-discretionary and supermarket-anchored retail assets. CBRE’s...
APPF Retail to sell key stake in Harbour Town Premium Outlets centre
A 50% joint venture stake in the landmark Harbour Town Premium Outlets centre on the Gold Coast is being offered for sale by Lendlease on behalf of the APPF Retail...
Mirvac sells Cherrybrook Village for $132.8 million
Stonebridge Property Group & McVay Real Estate have announced the sale of Cherrybrook Village on behalf of Mirvac for $132.8 million. Cherrybrook Village is a dominant and established 9,382m2 neighbourhood...
Makris Group boosts Adelaide shopping centre sale tally to $181 million
South Australian developer Antunes Group has snared Adelaide’s Hallett Cove Shopping Centre for $71 million in the latest in a three-centre Makris Group portfolio sale program totalling $181 million. CBRE’s...
SCA buys Toowoomba’s Drayton Central for $34 million
The acquisitive SCA Property Group has closed another Queensland deal, snapping up the Drayton Central Shopping Centre in Toowoomba for $34.34 million. The transaction is SCA’s third Queensland acquisition in...
Large Format Retail asset to hit the market in Melbourne’s north growth corridor
The newly constructed Craigieburn Junction Large Format Lifestyle centre in Melbourne’s northern growth corridor is set to come to market. The prime 30,000m2 asset is home to a diverse mix...
Regional centre Coles Swan Hill sells for more than $20 million
Regional investments continue to soar as Coles Swan Hill Shopping Centre, a regional Victorian Coles anchored neighbourhood centre transacted for $20.075 million, representing a yield of 5.08%. The shopping centre...
Fawkner Property acquires The Square, Mirrabooka for $195m
Melbourne based property fund manager, Fawkner Property has purchased the high performing centre The Square, Mirrabooka from the Perron Group. Fawkner Property also acquired the neighbouring freestanding medical centre, Mirrabooka...
Coles Woodend sells for a record $33.3 million
Coles Woodend, a 3,780m2 regional freestanding supermarket sold for $33.3 million, which represented a 4.31% yield. The property was sold to local diversified property player DeGroup. Stonebridge Property Group acted...
Pace sells its Ascot Vale project for $19.15m
Pace Development Group will close the financial year with a further $19.15 million added to its commercial results and new industry benchmark, having sold four tenancies at its Pace of...
HomeCo acquires Town Centre, Victoria Point for $160m
The HomeCo Daily Needs REIT has agreed terms to acquire the Town Centre, Victoria Point in Queensland for $160m, reporting a fully leased yield of 4.75%. The centre comprises a...
Charter Hall and Abacus secure majority interest in Myer Melbourne
Charter Hall and Abacus have secured a majority interest in Myer Melbourne, an iconic property in one of the world’s most coveted and tightly held retail and commercial precincts for...
Vicinity’s Mount Pleasant Centre is on the market
One of Australia’s best performing shopping centres – Mount Pleasant Centre in Mackay, North Queensland, has been listed for sale. According to SCN‘s 2020 Little Guns report the centre ranked number...
Sydney’s Oatley Village Square shopping centre listed for sale
The Oatley Village Square shopping centre in Sydney’s south has been listed for sale amid strong investor demand for convenience-based retail assets. CBRE’s James Douglas, Joe Tynan and Michael Hedger have...
SCA Property buys Marketown from AMP Capital
SCA Property Group has agreed to acquire Marketown in Newcastle, NSW from AMP Capital Investors Limited for $150.5 million, an initial passing yield of 5.6% and an implied fully let...
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