Shopping Centre

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.

Despite a raft of store closures the major retail landlords are still keeping occupancy levels high and seeing turnover lift, according to new research. 

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 …

Two Victorian shopping centres have hit the market and are tipped to fetch about $90m.

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’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. 

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.

Billionaire John Gandel and the listed Vicinity Centres have lost a legal battle with department store Myer over rental payments at Melbourne shopping landmark Chadstone.

The retail world is waiting with bated breath as Chinese online retail juggernaut Alibaba prepares to open its first physical shopping centre.