Shopping Centre

Shopping centre industry news, market trends and insights.

First stage approaches for $5bn Merrifield project
News
First stage approaches for $5bn Merrifield project
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.
Our Most Read Stories of 2018
Inspiration & Style
Our Most Read Stories of 2018
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 malls are missing ‘rental tension’: Unibail
News
Westfield malls are missing ‘rental tension’: Unibail
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.
Sydney shopping centre smashes suburb record by 200%
News
Sydney shopping centre smashes suburb record by 200%
A bustling retail precinct in Sydney’s west has been snapped up for a record-breaking sum.
Retail climate bites as landlords sell shopping centres
News
Retail climate bites as landlords sell shopping centres
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.
Outdoor plaza with giant screen to star at new Ocean Grove shopping centre
News
Outdoor plaza with giant screen to star at new Ocean Grove shopping centre
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 …
Waverley Gardens shopping centre kicks off $3bn Blackstone sale
News
Waverley Gardens shopping centre kicks off $3bn Blackstone sale
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.
Sunshine Coast, Sydney shopping centres trade at rapid clip
News
Sunshine Coast, Sydney shopping centres trade at rapid clip
Neighbourhood shopping centres in Sydney and Queensland’s sought-after Sunshine Coast are trading at a rapid clip with more than $100 million worth of deals completed or under way.
$180m deal sealed for Burwood One shops
News
$180m deal sealed for Burwood One shops
An international investor has splashed more the $180 million on the Burwood One shopping centre. The Burwood East complex on the prominent corner of Burwood Hwy and Blackburn Rd was snapped up by a Melbourne-based buyer from Hong Kong. Owned by the Hansky family for 26 years, the shopping centre is home to Australia’s oldest Kmart store which opened in 1969.
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