Scentre Group’s focus on driving customer visitation, engagement and occupancy delivers strong earnings growth
Scentre Group has released its results for the 12 months to 31 December 2021 with Operating Profit of $845.8 million and Funds From Operations (FFO) for the year $862.5 million. The...
Melbourne Central continues to expand with over 40 new stores in 2022
The shackles are off and Melburnians can now feel confident to come back into the city for work. Retail is also back with a vengeance at GPT’s Melbourne Central, with...
Waterman Eastland: Melbourne’s newest coworking hub
Melbourne’s leading flexible workspace provider Waterman has opened the doors to its newest, architecturally designed centre in QICGRE’s Eastland Shopping Centre in Ringwood. Waterman already operates centres in Chadstone, Narre...
Mirvac Share’s The Love this Mardi Gras
Mirvac is celebrating its ongoing commitment to truly supporting the LGBTQI+ community, this year rolling out the Progressive Pride Flag colours for the first time. It’s a reminder for the...
Vicinity brings Monopoly to shopping centres across Australia
Vicinity has announced an exciting new partnership with Monopoly to bring its biggest campaign to 50 centres in an effort to engage with its retailers and customers across Australia. Beginning...
CBRE forecasts $68 billion could be channelled into the commercial real estate sector by Australian superannuation funds
Australian superannuation funds could channel at least $68 billion into the commercial estate sector over the next two years according to CBRE’s 2022 Pacific Real Estate Market Outlook, with immigration,...
Melbourne Central and Highpoint announce new retailers to open
Following a flurry of new retailer openings including Kmart in late 2021, GPT’s Highpoint in Melbourne’s west continues to grow from strength to strength with a suite of new retail experiences arriving in...
Strong operational and financial execution positions Vicinity for growth
Vicinity Centres have announced its results for the six months ended 31 December 2021 (1H FY22), with a statutory net profit after tax of $650.2 million, representing a $1.04 billion...
Narellan Town Centre shares the love for Valentine’s Day
Love was well and truly in the air at Narellan Town Centre’s ‘Share the Love’ activation which saw their Restaurant Plaza transformed into a celebration of love with an extravagant...
Freestanding supermarkets to test Australia’s retail investment market in 2022
An ALDI supermarket in bayside Mordialloc has kicked off the first supermarket sale for 2022, while Coles Lalor and Woolworths Eltham are up for sale. ALDI Mordialloc was the first...
Perron Group announces pending appointment of Adam Irving as new CEO
The chairman of Perron Group Limited Laurence Iffla has announced the pending appointment of Adam Irving as the company’s new Chief Executive Officer effective 1 July, 2022. The appointment follows...
Stockland Wetherill Park launches Summer Eats & Beats festival at Kinchin Lane
Kinchin Lane at Stockland Wetherill Park will be transformed into a vibrant, pool-party themed summer festival. The laneway restaurant precinct has long been a hub for local foodies, and is...
Australian body-positivity app launches major event at Birkenhead Point
Mirvac has once again joined forces with Mys Tyler, with the trailblazing fashion-tech, body-positive app hosting its second Stylists in Residence event, this time at Sydney’s Birkenhead Point Outlet Centre....
Westfield Mt Druitt announces retail lineup for $55 million upgrade
Westfield Mt Druitt will unveil its $55 million rooftop dining, entertainment, and lifestyle precinct next month. Designed and curated specifically for the Western Sydney community, the redevelopment will take the...
Lendlease’s Caneland Central comes to market as appetite for major retail assets continues into 2022
Investors are presented with a unique opportunity to acquire a 100% interest in a dominant regional shopping centre as Caneland Central comes to market, highlighting the improving appetite for major...
VMO secures the outdoor media advertising contract for Rhodes Central
Digital-outdoor media provider Val Morgan Outdoor (VMO), continues to grow its screen network footprint within the retail sector, exclusively securing the outdoor media contract for major commuter hub and newly...
Lendlease fund lists two high-performing outlet centres in unique portfolio opportunity
Two of New Zealand’s best performing, premier retail outlet assets are expected to attract in excess of $300 million when they hit the market on behalf of Lendlease Real Estate...
Lakelands welcomes free community program to support tech skills
ISPT will this week launch a free community tech skills program at Lakelands Shopping Centre which focuses on increasing IT literacy and connecting generations in the community. The new program...
Stake in regional shopping centre in Adelaide comes to market
Investors are presented with an opportunity to partner with one of Australia’s leading retail managers as a 50% interest in the Colonnades Shopping Centre in Adelaide is being offered to...
Colliers appoints Lachlan MacGillivray as Managing Director, Retail Capital Markets
Colliers is expanding its regional retail investment offering as demand soars, today announcing the appointment of Lachlan MacGillivray to the new position of Managing Director, Retail Capital Markets | Asia...
Roll’d and KFC take to the skies with drone delivery
In partnership with Wing Australia, healthy QSR brand Roll’d Vietnamese and global restaurant chain KFC, have taken to the skies in a bid to bring their range of freshly prepared...
Approval received for $100m Sunbury South major town centre
SRL has received approval for its $100 million Sunbury South Major Town Centre. The Urban Design Framework (UDF) has been approved by the Hume City Council and Victorian Planning Authority....
Major Greater Western Sydney town centre site available for sale
Stonebridge Property Group has been appointed to sell a major town centre development site located at 1 Kellicar Road, Macarthur, NSW. The B4 Mixed-Use zoned site occupies an expansive 2.55-hectare...
Robust December retail sales but signs of an Omicron slowdown
The latest release (December 2021) of the monthly ABS Retail Trade data indicates that the overall month-on-month estimate decreased by 4.4%, down by 7.3% from a particularly strong November 2021....
GPT sells Casuarina Square to Sentinel Property Group
Joint owners GPT and the GPT Wholesale Shopping Centre Fund (GWSCF) have exchanged contracts for the sale of Casuarina Square for a net sale price of $397 million. The centre...
Scentre Group Included In 2022 Bloomberg Gender-Equality Index For Third Consecutive Year
Scentre Group is one of nine organisations in Australia and one of 418 globally to be included in the 2022 Bloomberg Gender-Equality Index (GEI), which measures gender equality across five pillars:...
Woolworths Schofields sells for $37.5 million setting a benchmark return
A Woolworths shopping centre located in a rapidly evolving northwest growth corridor of Sydney has sold to a private investor for $37.5 million. The modern centre, located in Schofields, is...
Memorial to celebrate the life of Shopper CEO Ben Walker
Shopper will hold a Memorial and invite friends and colleagues to celebrate and pay tribute to its CEO and founder Ben Walker on Wednesday, 2 February at The Ivy Den,...
UNIQLO to open its first ever retail store in South Australia at Myer Centre Adelaide
Japanese global apparel retailer, UNIQLO, reveals it will bring its world-class retail experience and famed service to South Australia. Responding to high demand from local customers, UNIQLO will open its much-anticipated...
Multi-attraction venue, The Funderdome opens its doors at Highpoint
The Funderdome “Home of unprofessional sport” makes its debut at GPT’s Highpoint. The large 2,000m2 space located next to HOYTS is zoned for maximising fun no matter your age, your skills,...
Scentre Group joins OMA in a move to help brands unlock the power of marketing within Westfield centres
Scentre Group is the latest company to join the Outdoor Media Association (OMA), the peak industry body which represents most of Australia’s Outdoor Media Display companies. It also joins as...
Pop-up obstacle course launches at Seven Hills Plaza
Ninja World has launched at Seven Hills Plaza, delivering an exciting pop-up obstacle course for five to 12-year-olds to enjoy during the school holidays. The pop-up obstacle course is the...
SUBSCRIBE TO RECEIVE OUR FREE E-NEWSLETTER
Get the latest industry news and insights delivered to your inbox
