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...
Carramar Village sale sets new benchmark
After several months of negotiation, Carramar Village in Perth’s northern suburbs has changed hands for $33.5 million – representing the largest shopping centre sale in Perth for 2020. Built circa 2009,...
Scentre Group appoints retail heavyweight Guy Russo to the Board
Scentre Group, owner and operator of the Westfield living centre portfolio in Australia and New Zealand, today announced the appointment of Guy Russo to the Board, effective 1 September 2020. Russo...
Understanding rental determinations
Many tenants and landlords are unaware of the tools to help them negotiate the market value of their lease. In this article, Simon Fonteyn of LeaseInfo discuss the process of...
The Frank Lowy Fellowship – call for entries 2020
There is no doubt that 2020 has delivered the most difficult year for shopping centre professionals across the country. The highly skilled workforce of our industry has been put under...
June sales reflect a one-off positive position ahead of the downturn
The Australian Bureau of Statistics (ABS) has this week revealed that retail sales rose by 2.7% in June, however retail volumes fell by a sharp 3.4% for the June 2020...
FUTURE-FOCUSED FLEXIBILITY: The next phase of F&B strategy
This week, as Melbourne heads into stage 4 lockdown, non-essential retail closes and supermarkets once again feel the brunt of panic-shoppers, Francis Loughran of Future Food examines how F&B has been...
The Square Mirrabooka unveils Kadidjiny Djet mural
The Square Mirrabooka, owned by The Perron Group, and managed by JLL unveiled their second mural, Kadidjiny Djet, as a part of their community art trail program. The mural was painted by...
Stockland Elara Village Neighbourhood Centre breaks ground
Construction on the $60 million Elara Village Neighbourhood Centre has begun with an official on-site ceremony celebrating the launch of the highly anticipated town centre on Friday, 31 July. Elara is...
Mirvac Retail makes masks mandatory for its staff nationally
Mirvac Retail has today mandated masks be worn by all their staff in their centres where they are public facing to further enhance their safety and prevention procedures for the...
Kylie O’Connor to head AMP Capital’s real estate business
AMP Capital today announces Kylie O’Connor has been promoted to lead its real estate business and will join the leadership group. O’Connor is currently AMP Capital Real Estate’s Chief Operating...
Victorian retailers and shopping centres face tough closures with Stage 4 restrictions
In the toughest restrictions to retail to date, Victorian Premier Daniel Andrews announced today all retail will close with the exception of supermarket, fresh food stores and pharmacies. The new...
South Australian billionaire Con Makris to sell high profile retail portfolio
The Makris Group is set to divest two prominent Adelaide retail assets, including Rundle Mall’s blue-chip City Cross Shopping Centre and office complex fronting Grenfell Street. The offering will also include...
Armstrong Creek Town Centre officially opens
The much-anticipated Coles-anchored neighbourhood shopping centre at the heart of the $1 billion future Armstrong Creek officially opens its doors today. The project located in the fastest growing area in Victoria, 7km...
Making the retail industry safe
With the exception of Victoria which has returned to lockdown, the Australian retail industry is welcoming the return of customers in to safe environments. After months of isolation, many consumers...
David Jones divests Bourke Street Mall flagship menswear store for $121m
David Jones has contracted to sell its menswear store at 299 Bourke Street Mall to Australian-based investor Newmark Capital for $121 million, progressing with the retailer’s plans to create a...
Mini beasts set to crawl into Robina Town Centre
From this Friday 31 July, insect enthusiasts and shoppers alike will be intrigued by Robina Town Centre’s giant illuminated sculptures crawling onto the Promenade, with an ‘up close and personal...
Burberry opens new store at Brisbane’s QueensPlaza
British fashion house Burberry has opened its new store in Vicinity’s QueensPlaza, Brisbane – the first store in Australia to encapsulate Chief Creative Officer Riccardo Tisci’s new creative vision for the...
Shopping Centre Investment – Market Review FY20
It was a ‘split year’! The first half – July/Dec 2019 was ‘normal’; however the second half – Jan/Jun 2020 was anything but because COVID-19 arrived! Sales of shopping centres...
Vicinity takes $1.79 billion hit, while supporting the long-term sustainability of the retail industry
Vicinity Centres today announced independent valuations of its 60 directly-owned retail properties, which have resulted in a net valuation decline for the overall portfolio of 11.3% or $1.79 billion for...
Eastland gives emergency toiletries to the Alannah & Madeline Foundation
As reported in recent months, SCN‘s inbox has been flooded with extraordinary examples of acts of kindness by shopping centre teams across the country in response to COVID-19, and as the...
Stockland launches new recycling initiative at Gladstone
Stockland Gladstone has launched a new recycling program, which aims to minimise waste at the centre, while also supporting local Gladstone Animal Rescue Group through the proceeds collected. Luke Murphy,...
Harbour Town Premium Outlets donates $150,000 to save wildlife and support firefighters
Harbour Town Premium Outlets has donated a total of $150,000 to three deserving organisations in response to the ongoing effects of Australia’s worst ever bushfire season. The funds are a combination...
Stockland announces extension to Baringa Town Centre
Stockland has announced the new $5 million extension to the Baringa Town Centre in its next stage of development in Aura on Queensland’s Sunshine Coast. The project will include a...
Carmel Hourigan joins Charter Hall as AMP Capital execs depart
Charter Hall Group has appointed Carmel Hourigan as Office CEO, replacing Adrian Taylor who will leave the company to pursue other opportunities. Hourigan will join the Charter Hall Executive Committee...
Retailer groups welcome JobKeeper extension
The Morrison Government announced yesterday it will deliver more support for households and businesses to help Australians through the COVID-19 pandemic and bolster the economic recovery. It’s news welcomed by...
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