Queensland’s largest retail sale in 2024 – Willows Shopping Centre changes hands for $212 million
The $212 million sale of Willows Shopping Centre, a major sub-regional shopping centre in Townsville, represents the largest retail transaction of the year in Queensland. The sale was exclusively brokered...
Stake in a dominant regional centre in Melbourne up for sale
The GPT Wholesale Shopping Centre Fund is moving to sell a 50% interest in Northland Shopping Centre, a dominant regional shopping hub in Melbourne’s rapidly growing northern suburbs. Colliers and...
Brandon Park Shopping Centre sold for $107.5 million
HMC Capital has expanded its HomeCo Last Mile Retail Logistics (LML) Fund with the $107.5 million acquisition of Brandon Park Shopping Centre in Melbourne’s south-east. The property was sold by...
QIC to sell 50% share of Claremont Quarter to Hawaiian
QIC has exchanged contracts with Hawaiian on the purchase of QIC’s 50% share of Claremont Quarter in Western Australia, making Hawaiian the sole owner of the centre. Claremont Quarter is...
Vicinity Centres finalises Australia’s largest retail transaction for 2024 with Lakeside Joondalup deal
Vicinity Centres has outlaid $420 million for a 50% stake in Western Australia’s coveted Lakeside Joondalup in Australia’s largest 2024 retail transaction. The exchange of contracts and settlement occurred on...
Emerging Retail Brands in Australia
New retail brands have their eyes on Australia. We represent a sophisticated and wealthy market along with a tourist market that loves to shop. CBRE’s Leif Olson explores some of...
Young Australians’ appetite for high-end goods among drivers for luxury brands seeking flagship store
The return of international tourism and a growing number of Millennial and Gen Z consumers with an appetite for luxury brands have underpinned the strong performance of Australia’s luxury retail...
Vicinity sells Maddington Central for $107 million
Australian-based investment and funds management company Realside Property has purchased Perth’s Maddington Central for $107 million in its first retail acquisition. CBRE’s Simon Rooney and James Douglas managed the off-market...
Opportunity to acquire a high performing neighbourhood centre in thriving Busselton
Australian Unity’s Diversified Property Fund is moving to sell the recently redeveloped and expanded Busselton Central in Western Australia amid heightened investor activity in the state. Circa $1.5 billion in...
Stake in Westfield Tea Tree Plaza acquired for $308 million by Scentre Group and Barrenjoey
Scentre Group (owner of Westfield destinations in Australia and NZ) has established a jointly managed fund with investment bank Barrenjoey Private Capital to purchase a 50% stake in Adelaide’s Westfield...
QIC announces plans to sell its half share in Perth’s landmark Claremont Quarter
Investment company QIC is moving to sell its 50% stake in Perth’s Claremont Quarter, the city’s premium shopping and lifestyle destination. CBRE’s Pacific Head of Retail Capital Markets Simon Rooney...
Centuria acquires $70m sub-regional shopping centre
Australian real estate funds manager, Centuria Capital Group has expanded its $3.2 billion retail assets under management with the $70 million acquisition of Halls Head Central in Western Australia. Located...
Bathurst Large Format Retail Centre transacts for $31.5 million
Sydney-based property fund manager Argus Property Partners, working in collaboration with development and investment firm Kaipara Property Group, has sold a large format retail complex in Bathurst for $31.5 million...
Newmark to sell Brandon Park Shopping Centre
A 100% interest in Brandon Park Shopping Centre in Melbourne’s established south-east is being offered for sale by Newmark Capital in response to strong investor interest. CBRE’s Simon Rooney, James...
ISPT appoints CBRE as national property services partner across more than 120 assets
ISPT and CBRE have announced a national partnership that leverages the combined power of both firms to drive tenant partner satisfaction and property performance. The partnership will see the consolidation...
Andergrove Village Shopping Centre set to change hands
Coles has listed Andergrove Village Shopping Centre for sale, amid strong private investor demand for the asset class. The centre, located at 35 Oak St, Andergrove, opened in 2021 and...
Shopping centre investment activity forecast to rise by 50%
Tailwinds are emerging for Australia’s shopping centre sector after investment hit a cyclical low last year. CBRE’s latest Australian Shopping Centres research report forecasts shopping centre investment will grow by...
Meet CBRE’s new Head of Retail – Sheree Griff
The Shopping Centre industry is driven by people. It’s the skills and expertise of the people that manage, develop and evolve shopping centres for their communities that create this dynamic...
CBRE Research: CBD retail vacancy tightening across Australia’s major city markets
CBRE’s latest Australian CBD Retail Vacancy H2 2023 report highlights that of the four capital cities surveyed, Melbourne continues to record the lowest vacancy in the country at 7.37% as...
Coles sells neighbourhood shopping centre in NSW for $33m
A neighbourhood shopping centre in the NSW Hunter Region has sold to a private investor for $33 million on behalf of Coles Group Property Developments. Huntlee Shopping Centre in North...
Sydney’s customer experience evolves as population rises
According to CBRE’s latest research report, Sydney’s retail landscape is quickly changing as customer experience and consumer demands evolve across multiple industries, alongside a rapidly rising population. The research explores...
Perth’s Midland Gate Shopping Centre sold for $465 million
Midland Gate, the dominant regional shopping centre in Perth’s fast-growing north-eastern metropolitan corridor, has been acquired for $465 million by Melbourne-based fund manager Fawkner Property together with PAG. The deal,...
JY Group boosts Australian shopping centre portfolio to over $2bn with major acquisition
The Hong Kong based JY Group has expanded its Australian shopping centre portfolio with the $123 million acquisition of Melbourne’s Roxburgh Village. The purchase lifts the value of JY Group’s...
ISPT to sell two trophy Melbourne CBD retail assets
An exceptionally rare opportunity to acquire 100% interests in Melbourne’s GPO and The Strand Melbourne – two iconic CBD retail assets – is being offered on behalf of super fund...
Dickson Village sells for $157.5 million
In one of the largest mixed-use transactions this year, Dickson Village has been sold for $157.5 million to Aware Real Estate, the property investment platform for Aware Super and its...
Rare opportunity to acquire new Coles neighbourhood centre in the NSW Hunter Region
Coles Group Property Developments is moving to sell the strongly performing Huntlee Shopping Centre in the NSW Hunter Region amid strong investor demand for neighbourhood retail assets. CBRE’s James Douglas...
Mortgagee set to sell Box Hill Town Centre
Receivers and Managers Joseph Hansell and David McGrath, together with their NSW Real Estate Solutions lead Glen Smith of FTI Consulting, are moving to sell a major retail/residential development site...
Vicinity sells Broadmeadows Homemaker Centre for $20m
Vicinity Centres has sold Broadmeadows Homemaker Centre in Melbourne for $20 million on the heels of its recent $134.5 million sale of a 50% stake in the neighbouring Broadmeadows Central...
Super prime CBD rents rise for the first time since the pandemic
Growth in super prime CBD retail rents has been recorded in Brisbane, Sydney and Adelaide for the first time since the onset of the pandemic, new CBRE research has shown....
AMP Capital Shopping Centre Fund to sell 50% stake in Westfield Tea Tree Plaza
A 50% stake in Adelaide’s successful Westfield Tea Tree Plaza is to be offered for sale on behalf of the AMP Capital Shopping Centre Fund (ASCF) amid increasing transaction activity...
Coles divests major mixed-use apartment and retail site for $44 million
Coles Group Property Developments has sold a high-profile mixed-use apartment and retail site in Sydney’s south for $44 million to facilitate the development of a new best-in-class supermarket. Property group...
Sydney’s iconic Manly Wharf acquired by the owners of Brisbane’s Howard Smith Wharves
Robert Magid’s TMG Developments has exchanged contracts on the $80 million sale of Manly Wharf to the owners of Brisbane’s Howard Smith Wharves (HSW). HSW founders and directors Adam Flaskas...
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