AMP agrees to sale of real estate and infrastructure equity business
AMP Limited has entered into an agreement for the sale of Collimate Capital’s real estate and domestic infrastructure equity business to Dexus Funds Management Ltd (Dexus), for an upfront cash...
Sydney investor snaps up Chancellor Village Shopping Centre on the Sunshine Coast
An investor from Sydney has purchased the Chancellor Village Shopping Centre in Sippy Downs on Queensland’s Sunshine Coast for $10 million. The shopping centre at 11 Chancellor Village Boulevard is...
Sandstone Point Village changes hands for $12.6m in private sale
Perth-based property syndicator Kerching Capital has realised $12.6 million from the sale of the Sandstone Point Village neighbourhood centre in Brisbane’s north. CBRE’s Michael Hedger and Joe Tynan negotiated the...
Local buyer pays $33 million for Melbourne Woolworths Shopping Centre
Well located retail assets are still selling in the current market due to strong investor demand and interest in neighbourhood assets anchored by a strong supermarket offering. A local investor has...
Charter Hall sells Canberra’s Erindale Shopping Centre
A neighbourhood shopping centre in Canberra has been snapped up by private investor in an off market transaction worth $39 million. Erindale Shopping Centre is located in Canberra’s southern suburb of...
APPF sells 50% stake in Westfield Marion for $670 million
The Lendlease-managed Australian Prime Property Fund Retail (APPF Retail) has sold its 50% stake in Westfield Marion shopping centre, Adelaide. It has been acquired by a Moelis Australia managed investment...
Coles sells Amaroo Village Shopping Centre in ACT for $29.5m
Coles Group Property Developments Ltd has sold the Coles Amaroo Village in Canberra, a highly-convenient neighbourhood shopping centre, located in the fast-growing northern suburbs of Canberra to a private interstate...
Mirvac’s St Marys Village sells for $68 million
Mirvac’s St Marys Village in Sydney’s western suburbs has been sold for a sale price of $68 million, which represents a 36% premium to book value. The 15,904m2 convenience based...
Moelis Australia pockets $12.95m in Hollywood Plaza deal
Stronger SA economy is attracting new investor interest with a private South Australian investor paying $12.95 million on a 7.57% yield for Moelis Australia’s Hollywood Plaza Large Format Retail Centre at...
Victorian investor swoops on Brisbane’s Parkinson Plaza
Parkinson Plaza shopping centre in Brisbane’s south has changed hands for $17.5 million. Through a tightly conducted Expressions of Interest campaign, the buyer was secured on a cash unconditional contract...
Yuhu Group confirms $420 million investment in to Bakehouse Quarter
Yuhu Group Australia confirmed that the major acquisition of Bakehouse Quarter from Kirela Development Unit Trust has been settled on 18 April 2019. The Bakehouse Quarter acquisition in addition to...
Charter Hall acquires Campbellfield Plaza for $74 million
To round out the year, another sub-regional centre has transacted with Charter Hall Retail REIT acquiring Campbellfield Plaza from ISPT for $74 million. JLL’s Simon Rooney, Stuart Taylor and Tom Noonan have...
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...
Stockland divests $113 million of centres to release capital
Stockland today confirmed it has exchanged contracts to divest Stockland Bathurst Shopping Centre and Stockland South in Caloundra* for combined proceeds of $113.1 million, reflecting a 5.3% discount to the...
Double Bay Plaza site up for sale
A prime Double Bay site currently home to Double Bay Plaza has been listed listed for sale with price expectations of circa $90 million. The site is with plans for a...
Hurstville’s Retail Transit Centre has sold for $119.5 million
The Hurstville Central Shopping Centre has sold for $119.5 million to a US based firm in their first retail acquisition in Australia. The centre has one of Sydney’s busiest train stations integrated in...
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...
AMP Capital to sell Crossroads Homemaker centre
The prized Sydney metropolitan Crossroads Homemaker centre hits the market, located in Sydney’s south-west – it is the seventh largest of its kind in Australia. Located on the corner of Beech...
Sale of Flinders Square
Vicinity Centres has exchanged contracts to sell Flinders Square in Western Australia for $39.5 million, reflecting a 21.5% premium to the December 2017 book value. Mr Grant Kelley, CEO and...
Scentre Group buys 50% stake in Westfield Eastgardens for $720 million
It’s no surprise that a retail asset as sought after as Westfield Eastgardens in Sydney’s east has achieved a $720 million price tag for 50% of the asset. This afternoon Scentre Group took...
SUBSCRIBE TO RECEIVE OUR FREE E-NEWSLETTER
Get the latest industry news and insights delivered to your inbox