Neighbourhood shopping centre in Queensland sells for $86 million
Park Ridge Town Centre, a neighbourhood shopping centre anchored by both Woolworths and Coles, has sold to a private investor for $86 million. RG Property purchased the centre as a...
Highpoint welcomes Australian-first Asian emporium, Foodle
Melbourne’s largest retail destination west of the CBD, Highpoint, has welcomed Australian-first, one-stop Asian emporium, Foodle. The new store described as ‘anything but traditional’, officially opened with a spectacular public...
Westfield Knox unveils new store openings, basketball court and kids play
Westfield Knox has unveiled the next stage of its $355 million redevelopment. The fashion and lifestyle precinct on level 2 is now open, with 20 brand-new and returning retailers to...
Pacific Fair launches its Beauty Weekend
Beauty industry consumer trends have witnessed a significant transformation in recent years, fuelled by the rise of social media platforms. Among these, TikTok has emerged as a powerful force in...
Chatswood Chase celebrates 40 years and introduces Chase Market’s anchor tenant
Chatswood Chase Sydney has been committed to bringing its customers the best Australian and international fashion, homewares, lifestyle and experiences for the past 40 years. The centre’s rich 40-year history...
Trident Capital Group acquires Coles in Middle Camberwell for $37m
A freestanding Coles supermarket in Middle Camberwell, Victoria, has transacted to a fund backed by Asian Capital. The asset, purchased by Trident Capital Group for $37 million represents a fully...
Charter Hall’s $10 Digital Gift Card Giveaway
Charter Hall Retail will be playing its part in easing some of the current financial burden households face with $10 centre digital rewards. Throughout June 2023, the campaign will be...
Vicinity Centres sells stake in Broadmeadows Central to Nikos Property Group
Melbourne-based Nikos Property Group has forged its second partnership with Vicinity Centres (VCX) after exchanging unconditional contracts to acquire a 50% interest in the Broadmeadows Central shopping centre in Victoria...
Dominant LFR asset in booming Tamworth is offered for sale
Tamworth Homespace, a large format retail (LFR) centre, has come to the market in regional NSW. JLL’s Nick Willis, Sam Hatcher, Sebastian Fahey and David Mahood have exclusively been appointed...
GPT’s National Reconciliation week activations
National Reconciliation Week – 27 May to 3 June – is a time for all Australians to learn about our shared histories, cultures, and achievements, and to explore how each...
Retail investment outlook remains strong through 2023
The retail sector in 2023 is largely underpinned by attractive asset pricing, new sources of capital entering the sector and strong market fundamentals flowing on from 2022, according to JLL’s...
April sees Rundle Mall back to pre-pandemic prime
Foot traffic in Rundle Mall returned to pre-pandemic levels in April, with activations for AFL Gather Round, LIV Golf and Tasting Australia supporting a 36% increase in total foot traffic...
World Square launches Lumine | World of Lights & Mirrors, in Celebration of VIVID
On Friday, 26 May, Sydney CBD’s World Square launched its three-week celebration of VIVID, Sydney’s Festival of Light. LUMINE | World of Lights & Mirrors ignites the imagination and transports...
Temperatures rising – The street’s the place to go
Inflation, bond yields, wage rises, labour shortages, cash rates… the list goes on – and they all affect shopping centre valuations. There’s so much negativity around at the moment regarding...
Melbourne Quarter’s week of festivities to honour and celebrate National Reconciliation Week
Melbourne Quarter has launched its annual program to honour and celebrate National Reconciliation Week – a significant week that commemorates our nation’s reconciliation journey. Melbourne Quarter is a precinct bordered...
Lakeside Joondalup welcomes Australia’s largest rebel rCX store
On Thursday 25 May, sporting retailer, rebel opened its largest Australian store at Lakeside Joondalup Shopping City in Perth. Located on level one near JB Hi-Fi, the rebel rCX store...
The Strand Coolangatta: The new home of Education on the Gold Coast
Hillcrest Christian College is the latest educational institution to join the Strand at Coolangatta’s growing list of schools and businesses, cementing the Strand’s position as the new home of education...
Westfield Knox announces opening date for next stage of its $355m redevelopment
Westfield Knox has announced the next stage of its $355 million redevelopment will open from 8 June, featuring an enhanced fashion and lifestyle offer with 20 new and returning retailers,...
Sekisui House announces strategic divestment in Ripley Town Centre
Sekisui House Australia has today announced its divestment of Ripley Town Centre — a 68-hectare, mixed-use master-planned community in south-east Queensland’s western growth corridor — following a comprehensive review of...
Growth prospects fuel investor appetite for Australia’s large format retail sector
Investors are turning their sights to large format retail centres as strong population growth forecasts and a limited supply pipeline enhance the sector’s income and value prospects. Large format retail...
Mintus secures Bathurst Chase and Cranbourne West Shopping Centre
Property investment and development firm Mintus has secured Bathurst Chase for $17.5 million from Quanta Investment Funds, as well as its first Victorian acquisition, Cranbourne West Shopping Centre, for $41.8...
Which Australian cities are best prepared for an electric vehicle influx?
A new CBRE Viewpoint report suggests that our biggest shopping centres are much better positioned than our leading office towers, with a retail EV charging station penetration rate of 78%,...
Construction starts on Burnside Village’s Stage Six expansion
Construction has started on the Stage Six expansion of Burnside Village, following the completion of site preparation works over the past few months. The Cohen Group’s multi-million investment is currently...
Shopping all stations: a new retail experience is coming to Melbourne’s Metro Tunnel
Colliers presents, on behalf of Cross Yarra Partnership, a once-in-a-generation opportunity for retailers to help shape the future Melbourne with 37 tenancies on offer across five new stations, spanning nine...
Woolworths sells two Queensland centres for $66 million
Supermarket giant Woolworths Group has sold two of its newest neighbourhood shopping centres in South-East Queensland, to Brisbane private investors, for a combined price of $66 million amid continued demand...
Casuarina Square celebrates its 50th birthday
On Friday, 12 May, the Northern Territory’s largest shopping centre, Casuarina Square, held celebrations to mark its 50th birthday. Festivities included family fun activities and giveaways, headlined by a live...
Dexus completes $284.1 million in disposals with Deepwater Plaza sale
Deepwater Plaza, Woy Woy has been sold to a private investor for $111 million as interest in convenience-focused sub-regional centres continues to increase. Simon Rooney, CBRE’s Head of Retail Capital...
Retail Strategy Group explains vision for retail component within Rozelle Village
Founding Director of Retail Strategy Group, Angela Bonnefin, says the local Balmain/Rozelle community’s needs were first and foremost in her design strategy for the retail precinct of Rozelle Village. Rozelle...
Lewis Land to sell Adelaide’s only purpose-built outlet shopping centre
The highly successful Harbour Town Premium Outlets, Adelaide’s only purpose-built outlet shopping centre, is being offered for sale for the first time on behalf of Lewis Land Group. The decision...
Perth shopping centre offered for sale for the first time in over a decade
Woodvale Boulevard shopping centre has been listed for sale, representing the first opportunity in more than 12 years to acquire this dominant neighbourhood shopping centre in the affluent northern Perth...
Carmel Village celebrates its Grand Opening with Family Festival
On Sunday 7 May, the Box Hill community in Sydney’s north-western growth corridor came together to celebrate the Grand Opening of Carmel Village Shopping Centre with a ‘Family Festival’. Carmel Village is...
Work starts on new Bullsbrook Town Centre, WA
One of Perth’s key growth corridors has reached a new milestone, with Okeland Communities starting work on a modern new Town Centre at its Kingsford at Bullsbrook residential estate. The...
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