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...
Demand for Large Format Retail signals increased investment opportunity
JLL Retail Investments Australia & New Zealand has released its latest insights on the Large Format Retail (LFR) sub-sector, highlighting supply scarcity and strengthening fundamentals as the catalyst for increasing...
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...
Quanta Investment Funds announces first acquisition under new banner
Australian property investment group, Quanta Investment Funds (Quanta) has announced the settlement of its acquisition of Yamanto Village, 422-436 Warwick Road, Yamanto in Ipswich, Queensland last week for $21.1 million. The...
Premier super-regional retail opportunity hits market in QLD
An opportunity to acquire a 50% majority interest in one of Queensland’s best performing super-regional shopping centres is set to spark a fierce contest in excess of $600 million. Colliers’...
High-profile Sydney retail centre listed for sale
Central Park DUO has come to market and presents as an immaculate retail centre consisting of eight external facing shops with rare Broadway frontage totalling 1,090m2. The asset is located...
Adelaide investor swoops on AMP shopping centre in NZ
Adelaide-based Di Mauro Group has expanded its New Zealand retail portfolio with the NZ$88.8 million acquisition of prominent Christchurch regional shopping centre The Palms, situated 4km north-east of the CBD....
Fawkner Property acquires Stockland Cairns for $146 million
Australian asset manager, Fawkner Property has acquired Stockland Cairns in an off-market deal that was transacted at the 30 June 2021 book value of $146 million, reflecting a core capitalisation...
SCA acquires Delacombe Town Centre for $112 million
Delacombe Town Centre has been sold by Troon Group to SCA Property Group for $112 million reflecting an implied fully let yield of 5.34%. The off-market sale was brokered by JLL’s...
CIP sells stake in Roselands Shopping Centre for $167 million
Fast growing investor JY Group has outlaid $167 million for a 50% interest in one of Sydney’s oldest shopping centres – Roselands Shopping Centre in Sydney’s south-west. JY Group already...
Woolworths Group to sell major NSW south coast shopping centre
Woolworths Group is set to sell Sapphire Marketplace, a triple major sub-regional shopping centre located in Bega on NSW’s south coast, following continued strong investor demand for non-discretionary retail investment...
GPT grows logistics portfolio and discusses sale of Wollongong Central and Casuarina Square
The GPT Group today announced the acquisition of a portfolio from Ascot Capital, comprising 23 Logistics assets and one Office asset for $681.7 million. GPT also confirms it is in...
Pete Wylie joins Assembly Funds Management as Head of Capital
Assembly Funds Management (AFM) has appointed Pete Wylie to the newly created role of Head of Capital based in Sydney. Wylie joins AFM from Lendlease where he has held various roles...
Vicinity acquires 50% stake in Harbour Town Gold Coast for $358 million
The Lendlease managed Australian Prime Property Fund Retail (APPF Retail) has reached conditional agreement on the sale of its 50% interest in Harbour Town Gold Coast to Vicinity Centres for...
Primewest Secures Northgate Shopping Centre and Potts Point Retail Centre
Centuria Capital Group subsidiary, Primewest, has secured two retail assets – Northgate shopping centre in Geraldton for $71.2 million and Woolworths-anchored daily needs retail precinct within Potts Point’s OMNIA mixed-used development for...
Perron sells 50% stake in Runaway Bay Shopping Centre for $128 million
Perth’s Greenpool Capital in partnership with investment firm Qualitas has made its latest retail play, acquiring a 50% stake in the Gold Coast’s Runaway Bay Shopping Centre for $128 million....
Elanor establishes new managed fund to acquire $136 million Warrawong Plaza
Elanor Investors Group (ENN) has established Warrawong Plaza Fund to acquire the Warrawong Plaza shopping centre for $136.35 million. The acquisition reflects an attractive 7.75% fully leased yield and $3,143...
APN Convenience Retail REIT acquires two new properties for $24.4 million
APN Funds Management Limited as responsible entity for APN Convenience Retail REIT (AQR) has exchanged contracts to acquire Warrego Highway Travel Centre, in Queensland and conditionally exchanged contracts to acquire Dubbo...
Sydney investors buy up regional Victorian neighbourhood shopping centres
Eastwood Village Shopping Centre in Bairnsdale and West Place Shopping Centre in Churchill, have separately transacted to Sydney based investors for a combined value of approximately $30 million. The JLL...
Flagship development site: The Stockyards of Camden to transform the area
Taking inspiration from development sites such as The Grounds in Alexandria, Hive Byron Bay and Habitat Byron Bay, The Stockyards of Camden has been designed, and will be built, with...
Prominent site in Melbourne’s booming south-west to be aggressively pursued
Riverwalk Town Centre represents the first metropolitan Melbourne neighbourhood shopping centre development site to be publicly marketed in 2021 and is expected to receive strong interest from developers desperate to...
Mount Pleasant Centre sells for $162.5 million
Melbourne based fund manager Fawkner Property has acquired the Mount Pleasant Centre in north Queensland for $162.5 million amid strong investor demand for sub-regional shopping centres. The centre is recognised...
Albury Convenience Centre sells for $29.5 million
The Albury Convenience Centre has been acquired by Melbourne based investors Collective Capital for $29.5 million reflecting a yield of 6.21%. The transaction was negotiated by JLL’s Stuart Taylor, Tom Noonan...
Stockland Bundaberg sells for $140 million
MA Financial Group, formerly Moelis Australia, has agreed to acquire the Stockland Bundaberg sub-regional shopping centre in far north Queensland for $140 million amid heightened investor demand for quality retail...
Kallangur Fair sells for $22.45 million
In yet another example of the market’s attraction to neighbourhood shopping centres, the Kallangur Fair Shopping Centre in Brisbane’s outer northern suburb of Kallangur has transacted for $22.45 million. Savills’...
SCA buys Toowoomba’s Drayton Central for $34 million
The acquisitive SCA Property Group has closed another Queensland deal, snapping up the Drayton Central Shopping Centre in Toowoomba for $34.34 million. The transaction is SCA’s third Queensland acquisition in...
First Coles Supermarket in South Australia offered to market in over 5 years
JLL has been appointed to sell Coles Victor Harbor – the only Coles supermarket on the Fleurieu Peninsula in South Australia. The asset comes to market with expectations of strong...
From the Publisher
This ‘From the Publisher’ article by Michael Lloyd was first published in SCN Vol. 39 no. 3, July 2021 Pacific Fair is for sale – the whole thing – as...
Ryan Andersen, DMA Partners
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...
HomeCo acquires Town Centre, Victoria Point for $160m
The HomeCo Daily Needs REIT has agreed terms to acquire the Town Centre, Victoria Point in Queensland for $160m, reporting a fully leased yield of 4.75%. The centre comprises a...
QIC to sell 50% stake in Westfield Helensvale
Fund manager QIC is preparing to market its 50% stake in the highly successful Westfield Helensvale regional shopping centre in South East Queensland, paving the way for the first Australian...
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