Plans approved for Jam Factory precinct regeneration
The ambitious plans to transform Chapel Street’s Jam Factory into a world-class retail, residential, hotel and commercial precinct will soon become reality as the City of Stonnington this week approved...
Premier super-regional retail opportunity hits market in QLD
An opportunity to acquire a 50% majority interest in one of Queensland’s best performing super-regional shopping centres is set to spark a fierce contest in excess of $600 million. Colliers’...
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...
World renowned brands Missoni and Brunello Cucinelli to join Sydney’s 25 Martin Place
Dexus today announced world renowned Italian luxury fashion houses, Missoni and Brunello Cucinelli, will unveil their flagship Australian store at 25 Martin Place, Sydney. Joining a line up of premium...
Auckland Airport breaks ground on New Zealand’s first purpose-built fashion outlet centre
Auckland Airport is laying the foundation for a major new retail development on the airport precinct, with earthworks now underway for the construction of the country’s largest purpose-built fashion outlet...
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. ...
Westfield Parramatta commences work on $33 million upgrade
Scentre Group has today announced a $33 million investment in Westfield Parramatta to revitalise and enhance its fresh food experience. The upgraded 7,000m2 fresh food experience on Level 5 will...
Indooroopilly Shopping Centre to launch Automall West precinct this month
Indooroopilly Shopping Centre is driving retail forward and revolutionising the way we shop for cars by bringing an Australian first shopping experience to Brisbane with the launch of the Automall...
Harris Scarfe bolsters presence in Melbourne with two new stores opening
Harris Scarfe is boosting its presence in Melbourne’s thriving northwest growth corridor with two new stores officially opening its doors at 9am on Thursday 7th April. The Craigieburn and Sunbury store...
JLL names Dan Kernaghan as CEO for Australia & New Zealand
Global real estate services firm, JLL has appointed Dan Kernaghan to lead the firm’s Australian and New Zealand business as Chief Executive Officer. Kernaghan takes over the role from Stephen Conry,...
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...
Mirvac Retail launches Easter photos across its centres
A number of Mirvac Retail’s shopping centres across NSW, Queensland and Victoria have launched professional Easter photo sets, inviting families, couples, friends and pets to have their photos taken for...
Narellan Town Centre gives local schools the chance to win big this Easter
In collaboration with schools in the local area, Narellan Town Centre (NTC) in Sydney’s southwest is hosting a giant Easter egg hunt and favourite egg voting competition as the centre transforms...
Stockland hosts fashion activations in three Sydney Town Centres
Stockland has launched its new and exciting campaign, Fashion Locker, just in time for customers to find out about the latest Autumn/Winter trends across its three retail centres: Stockland Balgowlah,...
Broadmeadows Central celebrates cultural diversity with Ramadan Mubarak
Following the success of the 2021 Ramadan Mubarek, Broadmeadows Central is delighted to partner with three local schools to celebrate Ramadan in 2022. Broadmeadows Central Marketing Manager, Ilhan Uysal said...
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...
Retail sales continued to perform well in February according to ABS figures
Retail sales continue to track well according to the latest figures (February 2022) of the monthly ABS Retail Trade data indicating that the overall month-on-month (m-o-m) estimate increased by 1.8%,...
Neighbourhood shopping centre in Metropolitan Melbourne for sale
Watervale Shopping Centre in Melbourne’s Taylors Hill is set to test investor demand in the hotly contested neighbourhood shopping centre market, following a year of record high transaction volumes in...
Marketplace Gungahlin tipped to fetch more than $400m
Private Australian property group Vinta is moving to sell the strongly performing Marketplace Gungahlin shopping centre in Canberra with price expectations of more than $400 million. Situated 11km north of...
Indoor rainforest transforms Greensborough Plaza into a nature lover’s paradise
Greensborough Plaza in Melbourne’s North-East is embracing all the wonders of nature with the launch of its live indoor rainforest experience at Centre Court. Filled with an array of living...
A Sydney icon set to relaunch in 2023 with Maurice Terzini as Creative Director
Lendlease has announced the appointment of DTL Entertainment Group to re-launch the Sydney institution Jacksons on George at its Sydney Place development in early 2023. DTL Entertainment is led by...
CIM awarded analytics and systems contract by Lendlease
CIM, the building analytics SaaS platform helping the Australian property industry achieve net zero emissions, has been contracted to provide analytics and systems monitoring for 16 buildings in Lendlease Investment...
JLL REVIEW: Retail investment resurgence
What happened to the shopping centre industry last year in terms of property transactions? You could be forgiven for thinking not much during a period of lockdowns and border closures....
Adelaide’s Rundle Mall experiences an uptick in positive leasing activity from prominent retailers
Adelaide’s low COVID-19 infection rate and the re-emergence from lockdowns resulted in the state economy improving quickly from a sharp decrease in output through the first half of 2020. The...
Oreana Group’s Kallo Town Centre to test the market
Kallo Town Centre will test the market for a product that has become an investor favourite based on recession-proof, non-discretionary tenancy profiles and long leases to blue-chip tenants. The brand...
Landream to sell Sydney neighbourhood centre Beecroft Place
Stonebridge Property Group and Knight Frank have been appointed to sell a high-quality Sydney metropolitan neighbourhood centre, Beecroft Place, located in the affluent suburb of Beecroft, 22km to the Northwest...
Cameron Park Plaza in Newcastle hits the market
Colliers are launching Cameron Park Plaza, one of Newcastle’s newest neighbourhood shopping centres on behalf of Woolworths Group’s development business Fabcot. Cameron Park Plaza is anchored by a strong performing...
EG Funds acquires stake in Brisbane’s Grand Plaza Shopping Centre
EG’s Australian Core Enhanced Fund has acquired a half stake in Brisbane’s Grand Plaza Shopping Centre in a deal worth about $220 million as interest in sub-regional investment opportunities resurge....
Benowa Gardens sells for $60.5 million
Continuing a strong run of retail transactions in Queensland, the Benowa Gardens shopping centre, located on the Gold Coast, has sold for $60.5 million, reflecting a passing yield of 4.99%....
Scentre Group Releases 2021 Responsible Business Report
Scentre Group have released its 2021 Responsible Business Report highlighting progress across the four pillars of its Responsible Business Framework – community, people, environment and economic performance. Scentre Group owns...
Wagga Wagga Marketplace celebrates 25-year milestone
Officially opening its doors for the first time in March 1997, Wagga Wagga Marketplace, owned by ISPT, is celebrating 25 years of serving the local community. Titled ‘Wagga 25’, this...
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