Big Box Retail

Bunnings has plans to expand across Britain and could buy or lease more than 100 sites in coming years as the Australian group becomes a major presence after buying Homebase last year.

Three more former Masters sites have changed hands for a total of $70 million as properties once-controlled by retail giant Woolworths’ home improvement venture are seized by new owners.

The acquisitive Charter Hall’s property funds empire has topped $20 billion with further growth in the offing as the company holds a $3 billion war chest back for its ­expansion.

Charter Hall Group has snapped up a Bunnings Warehouse retail property in Burnie, on the north coast of Tasmania, with the $21 million asset to seed a new fund. This article originally appeared on theaustralian.com.au/property.

US retail giant Costco will open its second Queensland outlet west of Brisbane on a 6.5 hectare site in Walker Corp’s $1 billion Citiswich development. This article originally appeared on theaustralian.com.au/property.

The cashed-up GDI Property Group has struck a conditional deal to buy the Ikea store in Perth for a new unlisted fund in a $143.5 million deal. This article originally appeared on theaustralian.com.au/property.

Charter Hall’s listed shopping centre trust is backing its mall ­locations and lease structures with major tenants as a defence against the looming entry of Amazon, warning that the online commerce giant will face headwinds in Australia. This article originally appeared on theaustralian.com.au/property.

This year has been a notable one for commercial property sales in Tasmania.

Chinese investors are setting their sights on big box retail centres and larger retail properties, looking for defensive assets and income despite the focus on the looming entry of Amazon into Australia. This article originally appeared on theaustralian.com.au/property.