Queensland’s largest retail sale in 2024 – Willows Shopping Centre changes hands for $212 million
The $212 million sale of Willows Shopping Centre, a major sub-regional shopping centre in Townsville, represents the largest retail transaction of the year in Queensland. The sale was exclusively brokered...
Stake in a dominant regional centre in Melbourne up for sale
The GPT Wholesale Shopping Centre Fund is moving to sell a 50% interest in Northland Shopping Centre, a dominant regional shopping hub in Melbourne’s rapidly growing northern suburbs. Colliers and...
Brandon Park Shopping Centre sold for $107.5 million
HMC Capital has expanded its HomeCo Last Mile Retail Logistics (LML) Fund with the $107.5 million acquisition of Brandon Park Shopping Centre in Melbourne’s south-east. The property was sold by...
QIC to sell 50% share of Claremont Quarter to Hawaiian
QIC has exchanged contracts with Hawaiian on the purchase of QIC’s 50% share of Claremont Quarter in Western Australia, making Hawaiian the sole owner of the centre. Claremont Quarter is...
Vicinity Centres finalises Australia’s largest retail transaction for 2024 with Lakeside Joondalup deal
Vicinity Centres has outlaid $420 million for a 50% stake in Western Australia’s coveted Lakeside Joondalup in Australia’s largest 2024 retail transaction. The exchange of contracts and settlement occurred on...
ISPT to sell half-share in Sydney’s Warriewood Square Shopping Centre
ISPT’s Core Fund is moving to sell its 50% stake in Warriewood Square, a dominant sub-regional shopping centre located on Sydney’s Northern Beaches, following a strategic portfolio review. CBRE’s Pacific...
Vicinity sells Maddington Central for $107 million
Australian-based investment and funds management company Realside Property has purchased Perth’s Maddington Central for $107 million in its first retail acquisition. CBRE’s Simon Rooney and James Douglas managed the off-market...
Stake in Westfield Tea Tree Plaza acquired for $308 million by Scentre Group and Barrenjoey
Scentre Group (owner of Westfield destinations in Australia and NZ) has established a jointly managed fund with investment bank Barrenjoey Private Capital to purchase a 50% stake in Adelaide’s Westfield...
QIC announces plans to sell its half share in Perth’s landmark Claremont Quarter
Investment company QIC is moving to sell its 50% stake in Perth’s Claremont Quarter, the city’s premium shopping and lifestyle destination. CBRE’s Pacific Head of Retail Capital Markets Simon Rooney...
Centuria acquires $70m sub-regional shopping centre
Australian real estate funds manager, Centuria Capital Group has expanded its $3.2 billion retail assets under management with the $70 million acquisition of Halls Head Central in Western Australia. Located...
Newmark to sell Brandon Park Shopping Centre
A 100% interest in Brandon Park Shopping Centre in Melbourne’s established south-east is being offered for sale by Newmark Capital in response to strong investor interest. CBRE’s Simon Rooney, James...
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...
Greenpool Capital acquires Dianella Plaza from Vicinity for $76.25m
Active Perth-based funds manager Greenpool Capital has purchased Dianella Plaza in Perth’s northern suburbs for $76.25 million to close out 2023. The transaction was struck at a $4.25m premium to...
Fawkner Property swoops on Cairns Central in $390 million acquisition
The Lendlease managed Australian Prime Property Fund Retail (APPF Retail) has exchanged contracts with Fawkner Property for the sale of Cairns Central in Far North Queensland for circa $390 million...
Perth’s Midland Gate Shopping Centre sold for $465 million
Midland Gate, the dominant regional shopping centre in Perth’s fast-growing north-eastern metropolitan corridor, has been acquired for $465 million by Melbourne-based fund manager Fawkner Property together with PAG. The deal,...
JY Group boosts Australian shopping centre portfolio to over $2bn with major acquisition
The Hong Kong based JY Group has expanded its Australian shopping centre portfolio with the $123 million acquisition of Melbourne’s Roxburgh Village. The purchase lifts the value of JY Group’s...
ISPT to sell two trophy Melbourne CBD retail assets
An exceptionally rare opportunity to acquire 100% interests in Melbourne’s GPO and The Strand Melbourne – two iconic CBD retail assets – is being offered on behalf of super fund...
AMP Capital Shopping Centre Fund to sell 50% stake in Westfield Tea Tree Plaza
A 50% stake in Adelaide’s successful Westfield Tea Tree Plaza is to be offered for sale on behalf of the AMP Capital Shopping Centre Fund (ASCF) amid increasing transaction activity...
Sydney’s iconic Manly Wharf acquired by the owners of Brisbane’s Howard Smith Wharves
Robert Magid’s TMG Developments has exchanged contracts on the $80 million sale of Manly Wharf to the owners of Brisbane’s Howard Smith Wharves (HSW). HSW founders and directors Adam Flaskas...
Vicinity Centres sells stake in Broadmeadows Central to Nikos Property Group
Melbourne-based Nikos Property Group has forged its second partnership with Vicinity Centres (VCX) after exchanging unconditional contracts to acquire a 50% interest in the Broadmeadows Central shopping centre in Victoria...
Dexus completes $284.1 million in disposals with Deepwater Plaza sale
Deepwater Plaza, Woy Woy has been sold to a private investor for $111 million as interest in convenience-focused sub-regional centres continues to increase. Simon Rooney, CBRE’s Head of Retail Capital...
Lewis Land to sell Adelaide’s only purpose-built outlet shopping centre
The highly successful Harbour Town Premium Outlets, Adelaide’s only purpose-built outlet shopping centre, is being offered for sale for the first time on behalf of Lewis Land Group. The decision...
IP Generation completes its largest individual shopping centre acquisition to date
Lendlease’s Australian Prime Property Fund (APPF) Retail and co-owner Lendlease Group have exchanged contracts on the sale of Craigieburn Central to IP Generation for a gross price of $300 million...
IP Generation finalises $180 million shopping centre acquisition in WA
IP Generation has acquired a 50% stake in Western Australia’s Rockingham Centre for $180 million in its latest major shopping centre purchase. Struck on a core capitalisation rate of circa...
Mintus to acquire Beenleigh Marketplace for $85 million
Property investment and development firm Mintus has secured Brisbane’s Beenleigh Marketplace for $85 million as interest in sub-regional shopping centres continues to surge. CBRE’s Simon Rooney negotiated the off-market sale...
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 –...
Dexus sells Shepparton Marketplace for $88.1m
Singapore-based Sim Lian – Metro Capital has secured Shepparton Marketplace in regional Victoria for $88.1 million in its latest Australian retail acquisition. CBRE’s Simon Rooney and James Douglas negotiated the...
Stake in Carlingford Court sells for $120.5m
Hong Kong-based JY Group has expanded its Australian shopping centre portfolio with the $120.5 million acquisition of a 50% stake in Sydney’s Carlingford Court. The purchase boosts the value of...
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...
Perth shopping centre changes hands in $81.5m off-market deal
Greenpool Capital and Savills Investment Management have purchased the Forest Lakes Shopping Centre in Perth’s south-eastern suburbs for $81.5 million. Located in the inner-Perth suburb of Thornlie, 15km from the...
CVS Lane and CPG place South-East Queensland retail asset portfolio on market
CVS Lane and Consolidated Properties Group (CPG) have commenced a formal sales and marketing campaign for five of the neighbourhood shopping centres in their South-East Queensland portfolio. The centres, which...
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...
SUBSCRIBE TO RECEIVE OUR FREE E-NEWSLETTER
Get the latest industry news and insights delivered to your inbox