QICGRE announces target of 2028 for Net Zero Emissions
QIC Global Real Estate (QICGRE) has announced a commitment to achieving Net Zero Carbon Emissions for its core Australian retail assets by 2028, a target which makes it the first Australian...
Blockbusters to lure customers as cinemas reopen in July
After a three month closure, July marks an important month for the entertainment and film industry when cinemas are permitted to reopen – with hundreds of cinemas ready to open their doors...
Russell Zimmerman joins eftpos
Retail industry advocate and veteran, Russell Zimmerman, is joining eftpos to support it to help Australian small and medium businesses reduce their costs in the COVID-19 rebuild. Zimmerman is the...
Ripley Town Centre working towards Queensland’s largest private community energy network
Sekisui House Australia – master developer of the $1.5 billion Ripley Town Centre in south-east Queensland’s western growth corridor – and energy partner WINConnect share a common vision to deliver what is believed...
Brisbane’s Horizon sells for $14.34 million
In a sale negotiated off-market, the well-established food, lifestyle and convenience-based shopping centre Horizon at Wellington Point in Brisbane’s south west has sold for $14.34 million. The property is on a...
Auckland precinct Commercial Bay officially opens doors
Auckland’s most exciting new retail and hospitality precinct, Commercial Bay, officially opened its doors to the public on Thursday 11 June. Owner Precinct Properties’ CEO Scott Pritchard; Rt Hon, Jacinda Ardern,...
Shopping centre food courts in NSW to re-open from this Saturday
Food courts in shopping centres across NSW are set to re-open as further COVID-19 restrictions are lifted. The decision announced today by the NSW Government to reopen shopping centre food courts...
WeChat Pay solution creates new Chinese market opportunities
COVID-19 has seen a surge in digital payments but for China, digital payments like AliPay and WeChat have been around for many years utilising new technologies and the power of...
GPT retail assets valuations reduced by $467.7 million
The coronavirus pandemic has had a large impact on retail trade figures and its flow on effect also means lower asset valuations across retail property as rental conditions and the...
Sydney-based private investor behind $21m Coburg Hill deal
A Sydney-based private investor with an overseas partner has outlaid $21.3 million for a Woolworths anchored shopping centre at Coburg on a passing yield of 6%. The strata-titled Coburg Hill Shopping...
Shopping centre owners and SME retailers making progress under Code of Conduct
It’s been more than two months since Australia’s national retail groups and shopping centre landlords united in a call for a set of retail leasing principles with the implementation of...
Stockland launches ‘Deliver on Demand’ Shopping Service
In a first for shopping centres in Australia, an innovative new personal shopping service – Deliver on Demand – has launched at select Stockland centres in Queensland and New South...
Western Sydney’s newest shopping destination – ECQ opens to the community
At long last, western Sydney’s new shopping, dining and entertainment destination is here. On Wednesday 10 June, after a pandemic-related false start, Eastern Creek Quarter (ECQ) opens to the community. Frasers...
Yamanto Central on track to open in 2021
Yamanto Central is currently under development and on track to open in the first half of 2021. The centre will set a new benchmark for retail in Queenland’s Ipswich-Brisbane corridor. Despite...
Canberra Centre brings joy to local community
Since the beginning of the pandemic, the team at QICGRE’s Canberra Centre has been working hard to bring a little joy to the local community, as part of a nationally...
Haben’s Croydon Central redevelopment opens
Haben Property Fund recently opened the refurbished Croydon Central shopping centre to excited shoppers amid COVID-19 on the 20 May. The opening of stage one of the centre, which is located 28km...
As physical doors close, digital doors open
More Australian consumers than ever are shopping online and reporting high levels of ‘intent to continue to use’ – so, what does this mean for retail stores of the future?...
Vicinity Centres raises $1.2 billion to address COVID-19 impacts
Vicinity Centres (Vicinity, ASX:VCX) has today successfully completed a fully underwritten placement of fully paid new stapled securities (‘New Securities‘) to institutional and professional investors, at the offer price of...
Sekisui’s $1.5 billion masterplan vision for Ripley Town Centre
Sekisui House Australia, is challenging traditional conventions of masterplanned communities by elevating the standard of economic, social and environmental sustainability to create the $1.5 billion masterplan vision for Ripley Town...
Consumers feeling more optimistic and returning to experiences and shopping in person
Scentre Group has released a series of insights from its Westfield iQ customer research platform exploring customer sentiment and what people are most looking forward to as they safely resume...
David Jones announces store closures due to profit slump
South African Woolworths Holding Limited, owner of David Jones (‘DJ’) provided a trading update yesterday. In another shake up of major stores, the group announced that due to the slump in...
Lendlease promotes reconciliation through its shopping centres
Coinciding with National Reconciliation Week (27 May – 3 June), Lendlease-managed shopping centres across Australia will start opening each day of trade with an Acknowledgement to Country to Traditional Custodians....
Stockland launches new community hub – Belong by Stockland
Stockland has a long and successful track record creating sustainable and well-connected communities where people can live, work and shop, but also recognises that it’s been more challenging for people...
Melbourne’s Box Hill to receive a 10-year transformation
Vicinity Centres has unveiled proposed plans to revitalise the heart of Box Hill’s CBD, to create a bustling new town square and mixed-use precinct with new residential, commercial and retail...
Burwood Brickworks donating urban farm produce
The pandemic is not stopping the rooftop urban farm at Burwood Brickworks in Melbourne from producing top quality fruit and vegetables. Under a new partnership between the shopping centre, acre...
Precision Group launches WELCOME BACK campaign
Precision Group launched their WELCOME BACK campaign last week to celebrate the reopening of more and more retail stores and to ‘welcome back’ both customers and retailers to their five...
Wesfarmers closes up to 75 Target stores
It’s an announcement most landlords knew was coming based on the low performance of many Target stores across their portfolios and the growing success of Kmart over the past few...
Coles local supermarket format arrives in Sydney
The first of Coles’ new-look local neighbourhood supermarkets has arrived in Sydney as the doors officially open to Coles Local Rose Bay. The store marks a new era for supermarket shopping...
Manor Lakes Central $60 million extension opens during stage 3 restrictions
In the midst of the COVID-19 pandemic and Stage 3 restrictions in Victoria, Ranfurlie Asset Management, the Dennis Family’s retail and commercial division, has successfully opened the extension of the Manor Lakes...
Retailers welcome rent relief ruling by ACCC, while the full force of COVID-19 hits April sales
The National Retail Association (NRA) has today welcomed a ruling by the ACCC to authorise tenants to collectively bargain with landlords for continued rental relief if they’ve been adversely affected...
Mirvac receives planning approval for 505 George St, Sydney
Mirvac Group and Coombes Property Group have received planning consent from the City of Sydney, through its Central Sydney Planning Committee, for the proposed mixed-use, residential-led precinct at 505 George...
McKinsey report reveals Australians embracing new values
McKinsey & Company has launched the second article in the online publishing series, The Story of the Australian Consumer – entitled ‘Emerging from COVID-19: Australians embrace their values’. The first...
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