Shopping Centre

Singapore’s Frasers Property Australia and Japan’s Sekisui House are looking to defy gloom in the retail property market by selling the retail component of their $2 billion mixed-use Central Park development in Sydney.

A tightly held retail precinct in the Liverpool region has sold for a whopping $17.3 million.

Lendlease’s flagship Australian shopping centre fund is dealing with hefty redemption requests by offering up a half-stake in the $1.5 billion Westfield Marion shopping centre in Adelaide.

Charter Hall’s listed retail trust has snapped up Rockdale Plaza in Sydney’s south for $142 million and tapped the market for $150 million as investors back the future of well-located retail centres that can survive the onslaught of e-commerce.

The top echelons of Australian shopping centres are defying the retail gloom, producing strong growth sales in the face of an industry-wide slump driven by sluggish department store sales and the collapse of a series of fashion retailers.

Diversified property group Stockland has offloaded two Queensland shopping centres for $143 million as it pushes ahead with plans to sell off about $400 million worth of retail assets.

Forget about dining and entertainment precincts at shopping centres — Australian consumers really want more carparking, and cheaper parking to boot.

It may be a turn of the tide for shoppers who shy away from public toilets.

The listed Elanor Investors Group has set up a new managed fund to acquire the Neeta City shopping centre in the Sydney suburb of Fairfield for $85.3 million.