Shopping Centre

The Future Fund is poised to exit about $850 million worth of retail property investments in Perth and on the Gold Coast as it capitalises its early moves in the sector made in the wake of the global financial crisis.

Properties with leases to major supermarket chains are about as prime as it gets in the commercial property market.

A wholesale fund run by Vicinity Centres has sold the Lidcombe Centre, a subregional centre in Sydney’s western suburbs, to a private investor for about $145 million, as the vehicle winds down.

Highpoint’s Homemaker Centre could become the suburb’s next major development hub. Listed for sale Tuesday, the centre is home to major businesses including Spotlight and Forty Winks, with industry sources tipping the 4.6ha property to …

Everybody knows online bargain juggernaut Catch and its daily special, ‘Catch of the day’.

Supermarket giant Woolworths has sold a suburban shopping centre in Western Australia for a whopping $27 million.

Shopping centres are changing hands at a brisk pace as a US private equity group has made its maiden investment in Australia, buying the Coles-anchored Hurstville Central Shopping Centre in Sydney’s south for $119.5 million.

Belmont Village has sold for $58 million to a private Sydney-based high net worth investor.

Shopping centre giant Vicinity Centres will offload a string of local malls it owns across Australia in one of the most significant retail deals of 2018.