
Blockchain-based platform for bank guarantees set for commercial launch
ANZ, Commonwealth Bank of Australia, Westpac, IBM and Scentre Group have announced the expansion of a successful blockchain platform, Lygon, that reduces the time to issue a bank guarantee from up to...

KENZO opens its first Sydney store
French fashion brand KENZO has arrived in Sydney, opening the doors of its first New South Wales store in the iconic Queen Victoria Building (QVB) managed by Vicinity Centres. Their...

Cairns Central redevelopment powering ahead
In July 2019, Lendlease announced the commencement of the $60 million redevelopment of Cairns Central. Today, Thursday 1 September, Queensland Treasurer and Minister for Infrastructure and Planning Cameron Dick, got to...

Russell Zimmerman partners with LeaseInfo as distributor
This month, Russell Zimmerman, former Executive Director of the Australian Retailers Association (ARA) will be joining Australia’s premier provider of retail-leasing services – LeaseInfo, as a national and international distributor...

Mosaic Brands re-opens Westfield-based stores
Mosaic Brands (ASX:MOZ) has announced that following successful negotiations with Scentre Group (ASX:SCG), all non-Victorian stores in Westfield shopping centres have now reopened. Mosaic Brands Ltd in recent times has grown...

QVB partners with local artist to create ‘The 2020 Tree’
Following a challenging and extraordinary year so far, Sydney’s iconic Queen Victoria Building (QVB) has collaborated with celebrated local artist, Gerwyn Davies, on a new large-scale art installation in the...

Stockland’s results reflect the benefits of a diversified portfolio
This week, Stockland (ASX:SGP) released its results for the 12 months to 30 June 2020 (FY20), reflecting the benefits of a diversified portfolio. The group’s strategy of building and investing...

Customers pick-up parcels at Chadstone’s new click and collect service
Stage 4 lockdowns in Victoria has been challenging for both retail and customers. Chadstone – Victoria’s largest shopping centre managed by Vicinity Centres, is now delivering a solution to get...

BP and David Jones announce another 21 additional stores
BP and David Jones are expanding their market-leading offer to deliver fresh, high-quality products and innovative convenience with another 21 additional stores following the popularity of earlier sites. The expansion will...

HomeCo. announces results with new healthcare growth strategy
Unlike their property counterparts who have reported significant valuation decreases, Home Consortium (HomeCo) have announced their results with a portfolio valuation increase of 5.2% (net 1.7% after capex) and annual like-for-like...

ALDI to purchase 100% of its electricity from renewable energy
ALDI supermarkets has today announced its commitment to purchase 100% of its electricity from renewable energy by the end of 2021. Globally, companies and institutions are seizing opportunities afforded by the...

Woolworths unveils its newest supermarket
On Thursday 19 August, shoppers in the Moreton Bay region had their first experience at Woolworths’ newest supermarket with fresh food, convenient shopping options and value at the heart of...

Reset, Re-Imagine, Reconnect & Recover – Part 2
In the second instalment of this two-part article (part one published last week), Francis Loughran of Future Food, explores the big issues facing the hospitality industry as it struggles to...

Karrinyup seeks expressions of interest for entertainment precinct artwork
AMP Capital is seeking Expressions of Interest (EOIs) from West Australian artists or design teams for a series of integrated artworks in the new entertainment and dining precinct at the...

Scentre Group reports half year operating earnings of $361 million
Scentre Group (owner and operator of Westfield in Australia and New Zealand) today released its results for the six months to 30 June 2020 with Operating Earnings of $361 million...

July sales indicate a positive retail outlook
Australian retail turnover rose 3.3% in July 2020, seasonally adjusted, according to preliminary retail trade figures released by the Australian Bureau of Statistics (ABS). In a very positive result, turnover...

Vicinity Centres reports $1.8b loss but remains positive about the future
Vicinity Centres (Vicinity, ASX:VCX) announced its results for the 12 months to 30 June 2020, with a statutory net loss after tax of $1.8 billion (FY19: $346.1 million statutory net...

Dexus positions for the recovery
Dexus (ASX:DXS) has announced its 2020 annual results – the group’s net profit after tax was $983.0 million, down 23.3% on the prior year. This movement was primarily driven by net...

Panthera Group unveils new food experience at Terrace Central
Panthera Group has transformed the food offerings in Terrace Central launching five new operators while combining their omnichannel e-commerce ordering technology Rivershop, to launch stage one Click and Collect services for the...

Charlene Perera, Hush Puppies
Retailers play a vital role in creating great shopping centres, so at Shopping Centre News we think it’s important to profile retailers to our audience and share their stories. Established in 1958,...

Macquarie Centre sets sustainability goals with Zero Net Carbon by 2030
Sustainability remains on the minds of many Australians and is also a priority for numerous local brands and retailers. Prior to COVID-19, Australians identified climate change as the most critical...

Reset, Re-Imagine, Reconnect & Recover
Australia’s hospitality industry is in a state of disaster. From the morning coffee to the late-night cocktail; our favourite Sunday brunch to the working weekday lunch; every business in the...

Mirvac Retail launches food appeal across its Sydney shopping centres
Six Mirvac shopping centres across Sydney have launched an appeal for the community to support donations in a charity food drive to help people hit by hardship during the pandemic. Collections...

Shopping Centre industry direct financial support for retailers reaches $1.6 billion
Data released today by the Shopping Centre Council of Australia (SCCA) demonstrates the value of rental assistance extended to small and medium (SME) sized and non-SME businesses to carry them...

SCA Property Group announces resilient result
Despite COVID-19, convenience-based shopping centres have remained resilient with major tenants in the SCA property portfolio reporting increases in sales. Across the portfolio there was MAT growth for the 12...

AsheMorgan announces $100m expansion to The District Docklands
AsheMorgan today announced the signing of Nesuto Docklands Apartment Hotel as a milestone expansion to Melbourne’s The District Docklands mixed use precinct. The signing marks the first time Nesuto has partnered with...

Coles&co digital channel goes live
The delivery of weekly printed catalogues to customer letterboxes has been a feature of the Australian supermarket shopping experience for decades, however customer trends both in Australia and internationally have...

Ripley Town Centre declared one of Australia’s most sustainably Designed buildings
Ripley Town Centre in south-east Queensland’s western growth corridor has achieved a 5 Star Green Star Rating in the Design & As Built category from the Green Building Council of Australia...

GPT records net loss of $519.1 million
Like many retail property companies the current environment with rental reversions has affected property valuations significantly. In their half year update, GPT has recorded a net loss of $519.1 million...

Indooroopilly Shopping Centre celebrates its 50 year milestone
Prepare to walk down memory lane as one of Brisbane’s largest shopping centres, Indooroopilly Shopping Centre, celebrates half a century of proudly local community and retailer stories. Brisbane locals now...

Lendlease supports First Nations students with $100,000 worth of advertising
Lendlease shopping centres across the country this week will be promoting National Hoodie Day (Monday 10 August) to support AIME, an Australian educational mentoring program for First Nations students. The week-long...

Scentre Group introduces GYG drive-thru at Westfield Carousel
Scentre Group has welcomed the first Guzman y Gomez (GYG) drive-thru to its portfolio at Westfield Carousel, in Perth. The new West Australian flagship restaurant features a dual lane drive-thru and was built...
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