Orange City Centre listed for sale following successful repositioning
Investment powerhouse Alceon and asset manager, CPRAM Investments are looking to divest its iconic regional NSW shopping centre, Orange City Centre, following a recent $24 million redevelopment. An Alceon syndicate...
Dominant LFR asset in booming Tamworth is offered for sale
Tamworth Homespace, a large format retail (LFR) centre, has come to the market in regional NSW. JLL’s Nick Willis, Sam Hatcher, Sebastian Fahey and David Mahood have exclusively been appointed...
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...
Perth shopping centre offered for sale for the first time in over a decade
Woodvale Boulevard shopping centre has been listed for sale, representing the first opportunity in more than 12 years to acquire this dominant neighbourhood shopping centre in the affluent northern Perth...
Forest Hill Chase shopping centre sold for almost $260 million
Haben Property Fund and The JY Group have acquired a 100% stake in Forest Hill Chase Shopping Centre as investors continue to seek retail assets in metropolitan locations with long-term...
Challenger divests its 50% stake in Sunshine Marketplace for $66 million
A 50% interest in one of Melbourne’s largest sub-regional landholdings has sold for $66 million to Aware Real Estate with Altis Property Partners as manager for the transaction. Sunshine Marketplace,...
JLL named leading Retail Investments advisory firm in Australia
According to data analysed and published by MSCI Real Capital Analytics (RCA), JLL advised on the most retail transactions in 2022 and has been ranked as the leading retail investments...
Mirvac sells Stanhope Village for $158m in off-market deal
Revelop has expanded its retail portfolio after acquiring a 100% stake in Stanhope Village for $158 million in a deal negotiated off-market by JLL’s Nick Willis and Sam Hatcher on behalf...
Smithfield Shopping Centre for sale the first time in 23 years
Smithfield Shopping Centre in Far North Queensland has hit the market for the first time in 23 years, representing the first formal on-market shopping centre campaign for a 100% interest...
Brand new Sydney metropolitan shopping centre comes to market
Schofields Village in Western Sydney has been listed for sale, presenting the opportunity to acquire a metropolitan neighbourhood shopping centre that dominates its catchment. Completed in December 2021, Schofields Village located...
AMP Capital to sell 50% stake in Stockland Townsville
2023 is off to a strong start as a major regional shopping centre hits the market. JLL’s Nick Willis and Sam Hatcher have been exclusively appointed on behalf of an...
Lendlease sells two convenience-based assets for $242.5m
The Lendlease Sub-Regional Retail Fund (LLSRF) has secured the sale of Menai Marketplace in NSW and Southlands Boulevarde in WA for a total consideration of $242.5 million. HMC Capital –...
Sentinel invests more than $700m in retail as it completes purchase of Caneland Central
Sentinel Property Group has bolstered its $1 billion-plus commercial real estate portfolio in Northern Australia by completing the purchase of Caneland Central Shopping Centre in Mackay for $280 million from...
Dexus sells Homemaker Prospect to AsheMorgan as LFR demand intensifies
AsheMorgan has acquired Homemaker Prospect from Dexus for $78.9 million, as Large Format Retail (LFR) centres, that are directed at meeting household needs, are firing. Prospect Homemaker is a 26,000m2...
Neighbourhood retail asset at the epicentre of SA’s wine industry hits the market
Dual supermarket anchored McLaren Vale Central located in one of Australia’s oldest and most acclaimed wine regions has been listed for sale. JLL’s Sam Hatcher, Nick Willis and Ben Parkinson...
Capital Gains for Sentinel as it sells high-performing retail centre in Canberra
Tuggeranong Homeworld at Greenway, which was Sentinel’s first property in the nation’s capital when it was purchased in July 2014, for $31 million, has been sold to a private investor...
Ormeau Marketplace changes hands for $34m
A private investor has purchased Ormeau Marketplace in South East Queensland from regional fund manager Clarence Property for $34 million. The deal was brokered by CBRE’s Joe Tynan and Michael...
Dandenong Plaza sells for $145 million in off-market deal
The Dandenong Plaza retail complex in Melbourne’s growing south-east has been acquired by development group Pelligra for $145 million. The sub-regional centre has a developed masterplan to expand and activate...
Challenger to sell sought after stake in Sunshine Marketplace
A 50% interest in the dominant Sunshine Marketplace shopping centre in Melbourne’s inner west growth corridor has been put up for sale. The metropolitan Melbourne shopping centre on mega landholding...
Regional neighbourhood shopping centre with hotel development potential hits the market
Newly refurbished The Village on Summer Street, which occupies the largest single landholding in Orange CBD, has been listed for sale via an Expressions-Of-Interest campaign. The Village on Summer Street...
Chatswood CBD investment and landbank to be sold with approved mixed-use potential
A strategic income-producing opportunity providing developers access to a rare freehold Chatswood CBD investment and landbank with masterplan approval for a 27-storey mixed-use development hits the market. Stonebridge Property Group...
Lendlease Sub-Regional Retail Fund assets for sale
The Lendlease Sub-Regional Retail Fund (LLSRF), an unlisted wholesale fund managed by the global real estate group, will test investor demand for a portfolio of three dominant convenience-based sub-regional centres...
Newcastle’s East End Village retail precinct hits the market
Development and hospitality group, Iris Capital is selling East End Village within the state-of-the-art mixed-use development East End Master Plan Project, one of Newcastle City’s most significant revitalisation projects of...
SCA Property Group acquires portfolio of five neighbourhood centres for $180 million
A highly sought-after neighbourhood retail portfolio comprising five assets across Queensland, Adelaide and Perth has been bought by SCA Property Group for $180 million. The portfolio consists of Brassall Shopping...
Frasers is selling Coorparoo Square in Brisbane
Frasers Property Australia is selling Coorparoo Square, the shopping, dining and entertainment destination located in inner Brisbane, just 4.5km from the Brisbane CBD. Opened in November 2017, the shopping centre...
Crossroads, one of Australia’s largest LFR assets for sale
A 100% interest in Crossroads is being offered to market, providing investors with the opportunity to acquire the 143,520m2 freehold Sydney metropolitan landholding over four separate titles. Crossroads Centre at...
Nikos Property Group acquires 50% stake in Colonnades for $138.2 million
A 50% interest in the Colonnades Shopping Centre in Adelaide has sold for $138.2 million to Nikos Property Group, demonstrating the liquidity in the market and robust demand that remains...
JLL’s latest Retail Investment Report shows a changing ownership profile for retail assets in Australia and divergent investment strategies
New players, executing different investment strategies in Australia’s retail investment market will lead to continuing elevated transaction volumes. However, surpassing the 2021 record of $13.4 billion of retail transactions will...
Primewest to divest portfolio of five neighbourhood retail centres
A highly sought-after neighbourhood retail portfolio comprising five assets across Queensland, Adelaide and Perth has come to market, with the most recent transactions in this retail sub-sector reaching record highs. ...
JLL REVIEW: Retail investment resurgence
What happened to the shopping centre industry last year in terms of property transactions? You could be forgiven for thinking not much during a period of lockdowns and border closures....
Revelop grows retail portfolio with latest Tramsheds acquisition
After a competitive on-market campaign, Revelop is pleased to announce it has acquired the State Heritage Listed Tramshed’s at Harold Park in Sydney’s inner West. Located only four kilometres from...
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...
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