Shopping Centre

Brandon Park shopping centre has been snapped up for a huge sum after languishing on the commercial property market for nearly six months.

Investors have snapped up a lucrative Adelaide shopping centre for $10.5 million as buyers continue to favour retail opportunities.

Landlords are adding so many new eateries to shopping malls to draw customers away from online shopping platforms such as Amazon that they are creating competition for existing operators, a JLL report found. Tenant inquiry …

A wholesale fund run by Vicinity Centres has put two major shopping centres on the block for more than $280 million as it winds back its funds management ambitions and focuses on its balance sheet assets.

Dual anchor tenants Woolworths and Dan Murphy’s are expected to create interest in Bellarine Village Shopping Centre, which has been listed for sale.

Listed developer Axiom Properties is selling its half-stake in the Churchill Centre North shopping centre in Adelaide’s northern suburbs for $42.5 million but will keep some exposure to the property.

French shopping centre giant Unibail-Rodamco’s $30 billion takeover bid for Westfield’s international shopping centre empire has received the green light from federal Treasurer Scott Morrison, as heavyweight offshore fund managers say a rival bid is unlikely to emerge for the Frank Lowy-led mall empire.

Buyers are snapping up neighbourhood shopping centres around the country, chasing yield and defying the gloom facing the retail sector. Cautious consumers and a trend to online shopping have challenged the retail sector more broadly, …

Global fashion giant H&M is spreading its wings into East Maitland, with the chain to open a major store at the new Stockland Green Hills shopping centre.