Shopping Centre

Shopping centre industry news, market trends and insights.

$120m: Geelong shopping centre triples space, quintuples price
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$120m: Geelong shopping centre triples space, quintuples price
Leopold’s Gateway Plaza shopping centre is expected to attract buyer interest around $120 million after it went on the market. A year after completing an $85 million expansion, the owners of the shopping complex managed by …
$2bn spending spree makes Chadstone our number one
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$2bn spending spree makes Chadstone our number one
Shoppers spent nearly $2 billion at giant Melbourne shopping centre Chadstone last year, making it the highest turnover centre in the country as the largest fortress malls defy the retail gloom.
Coolangatta’s The Strand on the block
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Coolangatta’s The Strand on the block
Gold Coast beachfront shopping centre The Strand at Coolangatta is on the market, in what shapes as one of Australia’s biggest commercial property deals of the year.
Rental squeeze looms for landlords
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Rental squeeze looms for landlords
Despite a raft of store closures the major retail landlords are still keeping occupancy levels high and seeing turnover lift, according to new research. 
Struggling Rivers, Millers stores given 20% rent reduction
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Struggling Rivers, Millers stores given 20% rent reduction
Specialty Fashion Group is believed to have struck a deal with one of its landlords, Scentre Group, after the owner of Australian Westfield-branded shopping malls is said to have agreed to lower the retailer’s rents …
Croydon, Bacchus Marsh shopping centres to fetch $90m
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Croydon, Bacchus Marsh shopping centres to fetch $90m
Two Victorian shopping centres have hit the market and are tipped to fetch about $90m.
Owner chasing $500m for Wollongong Central
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Owner chasing $500m for Wollongong Central
Unlisted GPT Wholesale Shopping Centre Fund is looking to sell Wollongong Central, together with the rights to manage the CBD centre, in a play that could reap about $500 million.
AMP Capital confirmed as $250m Gasworks Plaza buyer
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AMP Capital confirmed as $250m Gasworks Plaza buyer
AMP Capital’s flagship property vehicle for retail investors has emerged as the buyer of a Brisbane property worth close to $250 million as it has also completed a deal worth more than $150 million in Sydney. 
Coffs Harbour shopping centre an $83m prize
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Coffs Harbour shopping centre an $83m prize
Sydney-based Fort Street Real Estate Capital has snapped up the Toormina Gardens Shopping Centre in Coffs Harbour from the listed Vicinity Centres and Challenger in an $83.3 million deal.
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