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...
Lederer Group sells $300 million portfolio to IP Generation
Sydney billionaire Paul Lederer has sold a $300 million portfolio of NSW based neighbourhood shopping centres to fund manager IP Generation. The portfolio was bought at a yield of 6%. Ex-Scentre Group...
Mirvac to divest Tramsheds at Harold Park Sydney
As Mirvac continues to evolve its portfolio of adaptable urban retail assets, Mirvac have decided to divest its holding in the Tramsheds at Harold Park in Sydney. Nick Willis and...
QIC to sell 50% stake in Westfield Helensvale
Fund manager QIC is preparing to market its 50% stake in the highly successful Westfield Helensvale regional shopping centre in South East Queensland, paving the way for the first Australian...
Wingate JV sells Byron Bay Mercato Shopping Centre for $120m
The Mercato on Byron Bay shopping centre and the adjoining development site comprising of 1.1 hectares of prime real estate has sold as one package to the Panthera Group in a...
South East Queensland homemaker centre trades for $28 million
Independent property fund manager Argus Property Partners has expanded its South East Queensland portfolio with the $28.85 million acquisition of HomeCo Morayfield. CBRE Retail Capital Markets’ James Douglas, Joe Tynan...
TownCentre Victoria Point: Rare convenience-based shopping centre hits the market
The JLL Retail Investments team has been exclusively appointed to oversee the sale of Queensland’s TownCentre Victoria Point. Anchored by Woolworths, Bunnings Warehouse, Dan Murphy’s, Victoria Point Tavern and Healius...
Mirvac’s Cherrybrook Village on the market
The Mirvac owned and managed Cherrybrook Village, in Sydney’s affluent north west, has hit the market. The 9,382 m2 neighbourhood shopping centre is positioned on an expansive 30,000m2 site and is...
Elanor acquires Clifford Gardens SC in partnership with Savills
Elanor Investors Group (ENN) has announced the establishment of a new managed fund, the Clifford Gardens Fund in partnership with Savills Investment Management. The Fund will acquire the Clifford Gardens...
SCA Property Group acquires Mt Isa Village
SCA Property Group has acquired Mount Isa Village shopping centre for $44.2 million. The transaction was jointly managed by Savills Australia with JLL on behalf of ISPT. Located 900km from...
Victoria’s Casey Central hits the market
A dominant town centre is being offered to market in one of Victoria’s fastest growing regions. Casey Central is an outstanding triple supermarket and Kmart-anchored town centre, offering a one-stop shopping...
Wel.Co and HomeCo. partner to unlock Armstrong Creek Town Centre’s potential
Listed fund manager Home Consortium’s Daily Needs REIT (ASX: HDN) has acquired the newly completed Armstrong Creek Shopping Centre from national commercial and residential developer, Wel.Co for $55.6 million. Located...
Woolworths anchored trophy neighbourhood centre for sale
Woolworths Bulli has hit the market, giving buyers the opportunity to secure a premium supermarket anchored, trophy neighbourhood shopping centre located in one of Greater Sydney’s tightest geographical catchments, just...
Mildura region’s number one centre sells for $81.1m
A private investor has purchased one of Victoria’s most dominant retail centres, Mildura Central for $81.1 million. Lachlan MacGillivray of Colliers sold the 100% interest in the sub-regional shopping centre...
CS Square sold by Lendlease retail fund
The Lendlease managed Australian Prime Property Fund Retail (APPF Retail) has reached agreement on the sale of CS Square in Victoria to DeGroup for circa $136.5 million. CS Square is...
Watergardens Homeplace sets Australian LFR transaction record
QIC Global Real Estate has sold a large format retail centre in Victoria for $97m, reflecting an initial yield of 4.75%. Watergardens Homeplace is a large format retail (LFR) centre...
Primewest snares large format retail Centre for $66m
In a hotly contested process, a fund managed by Primewest has fought off a deep pool of cashed-up investors to purchase the Robina Home + Life large format retail centre...
Newly opened Albury Convenience Centre hits the market
The Albury Convenience Centre is offered for sale exclusively by JLL Retail Investments on behalf of the owner, a syndicate managed by FINDEX, a financial advisory and accounting services firm. Anchored...
Woolworths to sell brand new centre in Melbourne metro growth corridor
Stonebridge Property Group has been appointed to sell a brand new Woolworths supermarket in the Melbourne Metropolitan growth suburb of Roxburgh Park, 25km north of the CBD and 15km from...
Forestway Shopping Centre sells for $100m
In the first major retail transaction of 2021, Invesco has sold Sydney’s Forestway Shopping Centre. The Shopping Centre was sold for $100 million to local Paramatta-based investor, Revelop. JLL’s Nick...
Hunter Valley centre acquired for $23 million
Boutique investment house TAMIM Asset Management has acquired a homemaker centre at Rutherford in the NSW Hunter Region. The 12,040m2 large format retail centre transacted for $23 million, reflecting a...
Parramatta shopping centre changes hands for $41.4m
Amid strong ongoing demand for non-discretionary retail investment opportunities, a private Australian investment trust has acquired Entrada Shopping Centre in Parramatta for $41,435,000, reflecting an initial yield of 5.97%. CBRE’s...
Significant Town Centre investment opportunity in Melbourne on the market
Colliers and Stonebridge Property Group have been appointed to sell one of Australia’s best Town Centre investment opportunities with value-add potential, on behalf of Lendlease’s Australian Prime Property Fund Retail...
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