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...
JLL’s Stuart Taylor wins Commercial Salesperson of the year following a record-breaking year of retail transactions
JLL’s Senior Director of Retail Investments, Stuart Taylor has been recognised at the annual REIV Awards for Excellence held as the virtual event on Thursday 21st of October. Taylor won...
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...
Amazon Adventure arrives at The Square Mirrabooka
The Square Mirrabooka in Perth has been transformed into an Amazon adventure zone, complete with tropical macaw birds, toucans and more. During the school holidays, kids and families can explore...
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...
Adelaide’s Gawler Green Shopping Centre hits the market
Adelaide’s Gawler Green Shopping Centre has come to market as neighbourhood shopping centres continue to be the most resilient in the retail investment sector. The neighbourhood centre, anchored by a full-line...
QIC acquires Craigieburn Junction for $135 million
QIC Active Retail Portfolio Fund (QARP) has exchanged unconditionally with PGIM to acquire Craigieburn Junction, a large-format retail centre in Melbourne’s North, for $135 million. The sale was brokered by...
Dexus taps global market interest in iconic $700m retail play
Leading Australian retail owner managers, institutional funds and heavyweight offshore investors are expected to lead the bidding for landmark stakes in the Gold Coast’s Pacific Fair Shopping Centre and Sydney’s...
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...
The Square Mirrabooka hosts The Empathy Project
With their continued focus on the local community, Perth’s The Square Mirrabooka in partnership with the local Balga Senior High School is hosting The Empathy Project. In a year full...
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...
The Square Mirrabooka celebrates NAIDOC with community fashion event
In Perth, The Square Mirrabooka are proud to be supporting and advocating for local Aboriginal business owners, artists, aspiring models, youth and community leaders. This July, the centre celebrated diversity...
Regional Victorian transactions score $80 million combined
Transactions of convenience-based retail assets have continued their significant momentum with the sales of three key assets in Victoria; Coles Morwell for $27.85m, Torquay Village for $40m and Bunnings Horsham...
Large Format Retail asset to hit the market in Melbourne’s north growth corridor
The newly constructed Craigieburn Junction Large Format Lifestyle centre in Melbourne’s northern growth corridor is set to come to market. The prime 30,000m2 asset is home to a diverse mix...
Pace sells its Ascot Vale project for $19.15m
Pace Development Group will close the financial year with a further $19.15 million added to its commercial results and new industry benchmark, having sold four tenancies at its Pace of...
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...
Charter Hall and Abacus secure majority interest in Myer Melbourne
Charter Hall and Abacus have secured a majority interest in Myer Melbourne, an iconic property in one of the world’s most coveted and tightly held retail and commercial precincts for...
The Square Mirrabooka supports local careers
Last week, The Square Mirrabooka in Perth hosted its inaugural Community Careers Fair event to help tackle unemployment in the local area. The local community were invited to discover new...
Mirvac to divest Tramsheds at Harold Park Sydney
As Mirvac continues to evolve its portfolio of adaptable urban retail assets, Mirvac have decided to divest its holding in the Tramsheds at Harold Park in Sydney. Nick Willis and...
Wingate JV sells Byron Bay Mercato Shopping Centre for $120m
The Mercato on Byron Bay shopping centre and the adjoining development site comprising of 1.1 hectares of prime real estate has sold as one package to the Panthera Group in a...
TownCentre Victoria Point: Rare convenience-based shopping centre hits the market
The JLL Retail Investments team has been exclusively appointed to oversee the sale of Queensland’s TownCentre Victoria Point. Anchored by Woolworths, Bunnings Warehouse, Dan Murphy’s, Victoria Point Tavern and Healius...
SCA Property Group acquires Mt Isa Village
SCA Property Group has acquired Mount Isa Village shopping centre for $44.2 million. The transaction was jointly managed by Savills Australia with JLL on behalf of ISPT. Located 900km from...
Neighbourhood centres remain the strongest performers in the retail sector
JLL’s latest Retail Centre Managers’ Insights report shows an uplift in centre manager sentiment and highlights the continued outperformance of neighbourhood shopping centres. The report, undertaken in early 2021, provides an...
Newmark purchases flagship Bunnings sites in Sydney and Melbourne
Property investment manager, Newmark Capital, has secured a flagship Bunnings Warehouse property in Sydney’s Eastgardens for $75 million. Newmark settled on the Eastgardens property earlier this week, which follows settlement...
Victoria’s Coles Morwell and Eastwood Village hit the market
JLL Retail Investments has been appointed to sell two supermarket anchored shopping centres located in Victoria’s Gippsland region. Coles Morwell and Eastwood Village Shopping Centre in Bairnsdale are being offered...
Woolworths anchored trophy neighbourhood centre for sale
Woolworths Bulli has hit the market, giving buyers the opportunity to secure a premium supermarket anchored, trophy neighbourhood shopping centre located in one of Greater Sydney’s tightest geographical catchments, just...
Primewest snares large format retail Centre for $66m
In a hotly contested process, a fund managed by Primewest has fought off a deep pool of cashed-up investors to purchase the Robina Home + Life large format retail centre...
Forestway Shopping Centre sells for $100m
In the first major retail transaction of 2021, Invesco has sold Sydney’s Forestway Shopping Centre. The Shopping Centre was sold for $100 million to local Paramatta-based investor, Revelop. JLL’s Nick...
Homewares retail investment opportunity in Waterloo
JLL together with IB Property have been appointed to sell Casba, 18 Danks Street, Waterloo, a multiple award-winning mixed-use development which is fully leased to premium brands with 217 years...
Landmark Byron Bay shopping centre and development site to hit the market in 2021
One of the largest property holdings to ever hit the market in Byron Bay is set to launch for sale in early 2021. Mercato on Byron encompasses a major shopping...
How fashion retailers will revolutionise their physical footprints
Historically, fashion retailers have occupied the greatest portion of specialty store space across CBD, regional and sub regional retail assets. Evolving trends in consumer spending, along with the challenges posed...
JLL appointed to sell HomeBase Wagga Wagga
JLL’s Retail Investments team, Nick Willis and Sam Hatcher, have been appointed to sell HomeBase Wagga Wagga via an expressions-of-interest campaign that closes on Thursday 12 November 2020. The more...
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