Shopping Centre

Private equity giant Blackstone has carved off another slice of its $3 billion portfolio of shopping centres with Singaporean group SPH REIT teaming with the asset management arm of investment bank Moelis to buy Figtree Grove Shopping Centre in Wollongong for $206 million.

A sale worth $74 million has been rung up for a northern suburbs shopping centre.

QIC Global Real Estate and joint venture partners MAB Corporation and Gibson Property Corporation will start work in the new year on the $40 million first stage of their Merrifield City Centre in Melbourne’s northern growth corridor.

We mined our data to find out what stories tickled your fancy the most in 2018. As ever, there were plenty of tall buildings and plenty of firsts. But there was also a generous supply …

Westfield’s key malls have become so big they had lost “rental tension” with their new owner no longer on the expansion trail, it was revealed in a UBS research note after the investment bank hosted Unibail-Rodamco-Westfield’s chief financial officer at its global conference.

A bustling retail precinct in Sydney’s west has been snapped up for a record-breaking sum.

Tough retail conditions are spilling over into the portfolios of major landlords with listed companies selling a series of centres at discounts to their book values, according to a new analysis by Macquarie Equities.

Construction has started on Kingston Village, a new $60 million-plus shopping centre in Ocean Grove. Lascorp Development Group are behind the project, which will create the seaside town’s third shopping centre. Development manager Rob Harris …

Private equity and property giant Blackstone has begun the carve-up of $3 billion worth of retail property holdings more than a year after putting them on the block.