Shopping Centres remain open, while gyms, cinemas, restaurants and cafés to close
During the COVID-19 crisis shopping centres have remained open, with many experiencing spikes in foot traffic due to increased supermarket and food spending. On Sunday night, the Federal government announced that the...
Armstrong Creek Shopping Centre set to attract investors
A brand new, Victorian Coles-anchored shopping centre at the heart of the $1 billion future Armstrong Creek Town Centre is set to spark keen interest from investors in one of...
Megan Abra, Stockland
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...
Kiwi Property achieves accessibility accreditation for its retail portfolio
Kiwi Property, New Zealand’s largest listed property company, is stepping forward as an accessibility leader, after its entire shopping centre portfolio received accessibility accreditations from Be. Lab. It’s the first...
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...
The coronavirus outbreak and Australia’s retail economy
As the bushfire crisis and coronavirus outbreak weigh heavily on the Australian economy, retail landlords are announcing their company results for the six months ended 31 December 2019, and as we...
Vicinity to acquire 50% interest in Uni Hill Factory Outlets and divests its Lennox Village
Vicinity Centres has agreed to acquire a 50% interest in Uni Hill Factory Outlets in Victoria from MAB Corporation for $67.8 million, while MAB Corporation will retain a 50% interest...
Mike Cochrane, Vicinity Centres
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 industry....
JLL survey reveals refurbishment biggest driver of shopping centre performance
The latest JLL retail centre managers’ survey shows subdued rental outlook and greater online competition as owners invest heavily to boost retailer engagement. Enhancing the tenant mix and refurbishment have emerged...
Latrobe’s Valley Mid Valley Shopping Centre completes stage one
Located in Morwell in the Latrobe Valley area of Gippsland in South-Eastern Victoria, stage one of Juilliard Group of Companies-owned Mid Valley Shopping Centre redevelopment is now complete, with the opening...
Trinity Village shopping centre sells for $34 million
A syndicate of developers has sold Trinity Village, a neighbourhood shopping centre in Perth’s north western growth suburb of Alkimos, for $34,050,000. With a net lettable area of 6,081m2, the neighbourhood...
HomeCo – The new player on the Australian shopping centre scene
Several of the major players in our industry had a look at the Masters portfolio. A collection of properties spanning the country; some 30 odd massive stores in high exposure,...
Mirvac takes EV charging to the next level
In a shopping centre first, Mirvac Retail has installed Chargefox’s latest ultra-rapid electric vehicle (EV) charging station at Toombul in Brisbane. The charging facility went live this week as part...
Vicinity Centres strategy producing results
Since its inception, Vicinity Centres has been closely watched by investors and the industry as they develop their strategy for the future. This week Vicinity Centres released its 2019 first...
Blackstone, Pacific and QIC partner with VMO in Melbourne
VMO has taken its premium large-format digital proposition to new heights unveiling six impact banners positioned in premium shopping centres throughout Melbourne. In a competitive tender process, property partners Blackstone, Pacific...
HomeCo appoints Sid Sharma as COO
HomeCo have confirmed the appointment of Sid Sharma as Chief Operating Officer (COO) at Home Consortium (HomeCo) starting in July 2019. Sid Sharma is well-known to Shopping Centre News readers as...
Ilhan Uysal, Vicinity Centres
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 industry....
Tauranga Crossing grand opening set for the 4 April
Developers of New Zealand-owned retail development Tauranga Crossing have announced its grand opening of Stage Two of the enclosed mall is set for the 4 April. The 47,000m2 shopping complex will...
Scentre Group’s living centre platform delivers results
Scentre Group (ASX: SCG) today released its results for the 12 months to 31 December 2018, with Funds From Operations (“FFO”) of $1.34 billion representing 25.24 cents per security, up...
Maeve Foley, Scentre Group
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 industry....
2019 PCA Retail Outlook wrap-up
Customers, Data, Innovation and the future of Department stores were just some of the themes at the Property Council of Australia (PCA) NSW Retail Outlook 2019. With a stunning line-up...
Coles divests three WA assets for combined $45 million
Western Australia’s commercial property market is rising on the radar of investors, with first time purchasers into the state snapping up three Coles retail assets for a combined price of...
Australian retail investment volumes hit the third highest level on record
JLL’s latest annual Australian Shopping Centre Investment Review and Outlook 2019 talks about the ever evolving retail sector creating opportunities for investors. In 2018, sales volumes remain elevated, recording the third highest...
Cranebrook Village bought by private investor
Cranebrook Village located in the western Sydney suburb of Cranebrook has sold for $48.1 million, representing a 5.29% yield to a Sydney based private investor. The area is undergoing significant development and...
PAYCE and Mirvac unveil South Village, Kirrawee
Sutherland Shire locals now have a smorgasbord of new dining, shopping and lifestyle options as PAYCE and Mirvac Retail unveiled the new shopping precinct of South Village in Kirrawee yesterday....
Australian shopping centres take top awards at the ICSC Asia Pacific Awards
Australian shopping centres and landlords were recognised at the International Council of Shopping Centres (ICSC) Asia Pacific Awards this week for their excellence in marketing, design and development on an...
First phase of enclosed shopping mall opens at Tauranga Crossing
On Thursday 4 October, doors opened to the first 15 stores of the new enclosed shopping mall at Tauranga Crossing located on the Bay of Plenty in New Zealand, which...
Vicinity sells 11 centres for $631 million
Vicinity Centres (Vicinity, ASX:VCX) today announced a progress update on its non-core asset divestment program, with the sale of a portfolio of ten sub-regional and neighbourhood shopping centres to SCA...
Melissa Schultz, Vicinity Centres
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 industry....
Westfield Carousel’s spectacular launch
Thousands gathered at Westfield Carousel to celebrate the official opening on the 31 August of its $350 million redevelopment. The centre’s opening heralded the start of the next generation of retail...
Shopper Media Group celebrates 250 Shopping Centres
Shopper Media Group today announced it has reached 250 shopping centres nationally, maintaining its position as Australia’s fastest-growing retail digital out-of-home business. With the 2018 Mini Guns report soon to be...
New digital payments making cash registers ring
The estimated annual payments volume in Australia is around $1 trillion. The use of cash continues to decline, and although $500 billion is still attributed to card payments, the adoption of...
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