Shopping Centre

Shopping centre industry news, market trends and insights.

Aussie shareholders to pocket record Westfield payout
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Aussie shareholders to pocket record Westfield payout
Australian shareholders in Westfield will ­receive a record cash payout of $7.36 billion when the shopping centre empire is taken over by Europe’s Unibail-Rodamco, new data shows.
Tweed Hub part of $60m retail sale
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Tweed Hub part of $60m retail sale
Aventus has capped an impressive Christmas period for Australia’s retail property market, selling a shopping centre portfolio in regional Victoria and New South Wales. In a festive season rush, the group offloaded large format centre …
Aveo offloads Gasworks Plaza for $248m
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Aveo offloads Gasworks Plaza for $248m
Retirement specialist Aveo Group has exited a major commercial property holding, selling the Gasworks Plaza complex in Newstead, Brisbane, to AMP Capital for $248.4 million.
Buyers see appeal in Queensland shops
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Buyers see appeal in Queensland shops
A series of Queensland shopping centres have changed hands at very sharp yields, reflecting the healthy demand for centres expected to stare down Amazon and continue to produce steady returns.
Commercial property predictions for 2018
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Commercial property predictions for 2018
Commercial property behaved mostly as expected in 2017.
Christmas shoppers buck online trend
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Christmas shoppers buck online trend
Most Australians are still buying Christmas presents from bricks-and-mortar shopping centres des­pite the much-discussed trend to online commerce and local launch of Amazon, a new survey shows. 
Westfield deal will see shop rents climb: Harvey
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Westfield deal will see shop rents climb: Harvey
Billionaire retailer Gerry Harvey believes Unibail-Rodamco’s ­acquisition of Westfield Corporation will have little impact on the tenants renting its 35 US shopping malls, but others see the deal as a fait accomplias the internet continues to erode retail.
Lowys accept $33bn Westfield takeover
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Lowys accept $33bn Westfield takeover
International property tycoon Frank Lowy has agreed to sell his business empire to ­European shopping centre giant ­Unibail-Rodamco for almost $33 billion in Australia’s biggest takeover, raising doubts over the future of the bricks-and-mortar mall.
$800m Indooroopilly deal marks year’s largest retail sale
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$800m Indooroopilly deal marks year’s largest retail sale
AMP Capital’s wholesale Shopping Centre Fund and Diversified Property Fund have teamed up to strike the year’s largest retail property purchase, with the pair ­buying a half stake in the Indooroopilly Shopping Centre in Brisbane for $800 million, in a deal that will help reset retail property values across Australia.
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