It’s Mini Guns time again and what an interesting field.
It’s in the Mini Gun sector that more change occurs in ownership, development and management than in the other sectors (Little and Big Guns). Ten years ago, one company – Centro – controlled more than 40% of the sector; if you added at that time (2007) Centro and Stockland together, they held almost 50% of the total Mini Gun sector. Not so anymore, and not even close!
Today, Charter Hall is the biggest player in the Mini Gun sector with around 20%; Vicinity has approximately 13%. So the two biggest players together have only 33%, versus 50% ten years ago, and they are both new major players in the sector. So it’s a less dominated group of centres with other major players – Stockland, Mirvac, Lendlease, ISPT, Dexus, SCA Property Group, along with managing agents such JLL, Colliers and Knight Frank all with significant influence.
Membership Required
THIS ARTICLE IS FOR SCN PREMIUM MEMBERS ONLY
Become a premium member to enjoy full access
THIS ARTICLE IS FOR SCN PREMIUM MEMBERS ONLY
Become a premium member to enjoy full access
