CBRE announces new proptech alliance
CBRE has joined forces with Sydney-based proptech startup Pathzz to bring a new and disruptive customer analytics product to market for commercial property. Pathzz delivers meaningful insights by applying advanced...
Hunter Valley centre acquired for $23 million
Boutique investment house TAMIM Asset Management has acquired a homemaker centre at Rutherford in the NSW Hunter Region. The 12,040m2 large format retail centre transacted for $23 million, reflecting a...
Parramatta shopping centre changes hands for $41.4m
Amid strong ongoing demand for non-discretionary retail investment opportunities, a private Australian investment trust has acquired Entrada Shopping Centre in Parramatta for $41,435,000, reflecting an initial yield of 5.97%. CBRE’s...
$450m Australian retail portfolio listed for sale
A private syndicate of Australian based investors has listed a high-quality portfolio of 14 core retail assets for sale, with pricing expectations of up to $450 million. CBRE’s Pacific Head...
Makris Group divests $110m retail portfolio in Adelaide
Makris Group has realised a $110 million portfolio transaction comprising two major Adelaide assets in a sign of ongoing demand for strategically located retail properties with future value-add potential. Sydney...
Asia Pacific retail industry recovery accelerating adoption of phygital retailing
The retail industry in Asia Pacific is poised for tremendous change over the next decade as the COVID-19 pandemic accelerates technological transformation, resulting in physical and digital platforms converging. This...
Tipalea’s new Hobart retail centre pre-leased during COVID
Glebe Hill Village is charging ahead with plans to start construction in 2021 as property development and investment group, Tipalea Partners, has announced its new $30 million retail centre Glebe...
Queensland shopping centre sold for $10.4m
The Mackay West Shopping Centre has changed hands for $10.4 million in a sign of ongoing demand for convenience focused retail assets. CBRE’s Michael Hedger and Joe Tynan negotiated the...
Fortius officially opens Acre Artarmon at Home HQ
Fortius Funds Management has aimed to revitalise its Home HQ Homemaker Centre with today’s official opening of an urban farm-food inspired food and beverage (F&B) oasis, Acre Artarmon, which delivers...
Kiwi Property’s leading regional shopping centre available for sale
CBRE has been appointed by Kiwi Property to sell The Plaza Shopping Centre in Palmerston North. The high-performing asset will provide investors with an exceptional opportunity to acquire the Manawatu’s...
Entrada Shopping Centre up for sale in ‘Sydney’s second CBD’
Parramatta’s Entrada Shopping Centre has been brought to market, amid significant ongoing demand for non-discretionary retail investment opportunities. CBRE’s James Douglas has been appointed to manage the sale campaign on...
Kate Bailey, Head of Retail and Logistics Research, CBRE
SCN invited five women leaders in the field of property research to give us their thoughts on the current state of the industry and the future. It’s an interesting feature....
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,...
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...
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...
Zelman Ainsworth, CBRE
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 creates this great...
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...
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...
M-CITY development launches retail precinct in unprecedented times
The M-City mixed-use development launches its retail precinct on Thursday May 21, with the opening of its two major tenants; Kmart and Woolworths Supermarket. The Buchan designed mixed-use development is...
Local buyer pays $33 million for Melbourne Woolworths Shopping Centre
Well located retail assets are still selling in the current market due to strong investor demand and interest in neighbourhood assets anchored by a strong supermarket offering. A local investor has...
Melbourne’s St Collins Lane listed for sale
Amid strong ongoing demand for core CBD retail investment opportunities, a 100% interest in Melbourne’s flagship St Collins Lane CBD shopping centre is being brought to market by Fund manager JPMorgan...
Vicinity Centres senior executive to join CBRE’s Retail Capital Markets team
Vicinity Centres senior executive James Douglas will join CBRE next month as Senior National Director, Retail Capital Markets, Pacific. The high-profile appointment further strengthens CBRE’s Asia Pacific capabilities in major...
Colliers International expands retail valuation presence in Victoria
Colliers International continues to expand its retail valuation expertise in Melbourne with the appointment of experienced valuer Trent Weir as National Director to the Retail Valuations team. Weir has been employed...
Woolworths to sell four strong performing neighbourhood shopping centres
Woolworths Group Limited are offering four retail investment assets for sale – Spring Farm and Wadalba in New South Wales, Keysborough South in Victoria and Bakewell, Northern Territory. The neighbourhood Shopping...
Stuart McCann joins CBRE as Head of International Capital, Pacific and Southeast Asia
CBRE has appointment Stuart McCann as Head of International Capital, Pacific and Southeast Asia. Based in Singapore, McCann will primarily be responsible for facilitating cross-border real estate investments into the...
Blackstone sells Brimbank Plaza for $150 million
Located in Melbourne’s rapidly expanding western suburbs at Deer Park, the 37,576m2 (GLA) single level sub-regional Brimbank Plaza shopping centre dominates the locale with an MAT of $198.5 million (Dec18) on a massive...
Lascorp in $62 million Charter Hall deal
Retail investor Lascorp has acquired three Charter Hall supermarket based assets for $62.35 million in an off-market purchase highlighting the recent spike in investor demand for both comparatively attractive commercial...
Nick Willis joins JLL as Director, National Retail Investments
Global property services firm, JLL has appointed Nick Willis to the role of Director, National Retail Investments based in Sydney. Willis joins JLL from CBRE where he has spent the past...
Standalone Coles sells with tightest yield of 2019
A prized standalone Coles supermarket at Mentone has sold on the tightest Victorian yield of 2019 in one of the year’s most anticipated retail auctions with numerous bids from an...
David Jones Bourke Street Mall store listed for sale
David Jones has officially listed for sale its iconic menswear flagship at 299 Bourke Street – one of the few major assets to be offered on Melbourne’s Bourke Street Mall...
APPF sells 50% stake in Westfield Marion for $670 million
The Lendlease-managed Australian Prime Property Fund Retail (APPF Retail) has sold its 50% stake in Westfield Marion shopping centre, Adelaide. It has been acquired by a Moelis Australia managed investment...
Vicinity sells Corio Central and Mt Ommaney Centre stakes for $195.5 million
Vicinity Centres have divested two of their non-core assets for a combined value of $195.5 million. Mt Ommaney Centre in Queensland sold for $94.5 million (Vicinity’s 25% interest), a 3.3% premium...
SUBSCRIBE TO RECEIVE OUR FREE E-NEWSLETTER
Get the latest industry news and insights delivered to your inbox