Shopping Centre

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.

St Ives Shopping Village in ­Sydney has won the title of Australia’s highest revenue neighbourhood shopping centre, with annual sales of $245.26 million. 

One of the most significant suburban shopping centres in Melbourne’s northern suburbs is on the market, with Campbellfield Plaza’s owners selling their 100% interest in the property.

Burwood One shopping centre’s sale is imminent, with an eye-watering figure close to $200 million tipped to seal the deal.

Interests associated with the ­Karedis family and Brett Blundy have swooped on major properties in the $500 million Altis Property Partners portfolio, making purchases that boost their dominant positions in the large format retail industry.

A major shopping precinct in western Sydney has changed hands for almost $25 million. 

The Future Fund is looking to ­reduce its exposure to Perth’s strongly performing retail market through the offer of its stake in the $1.2 billion Lakeside Joondalup Shopping City.