Shopping Centre

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.

Woolworths is looking to capitalise on investor demand for new centres by preparing for sale a six-strong portfolio worth about $200 million.

Todd Mullins and his wife, Julie, started going to a shopping centre 15 minutes from their Palm Beach Gardens home in Florida about a year ago — after they joined a gym inside it. They …

The rush on regional shopping centre sales may have cooled in recent months, but the $14.55 million sale of Victorian regional centre Horsham Gateway shows there’s life left in the market yet. The new shopping …

Listed mall landlord Vicinity Centres is tackling the threat of Amazon by remixing centres away from mid-level women’s ­apparel to eateries and also ­expects department stores in its malls to shrink in the future. 

It is shaping up as the year of the mega deal for top shopping centres, after mall landlord Vicinity Centres and Singapore’s sovereign wealth fund GIC agreed to swap assets worth a combined $1.1 billion.

The Chester Square Shopping Centre in Sydney’s southwest has been sold by a Smorgon family-linked company for $68.5 million on one of the tightest ever yields at which a neighbourhood shopping centre has traded.

Retail landlords may need to ramp up spending on their malls to ensure they can keep anchor tenants that are considering closing stores amid a struggling retail environment, according to Macquarie analysts.

The declines in department store and discount department store sales could accelerate and hit major listed landlords Scentre Group and Vicinity Centres hard if this country follows the path of the United States, according to Macquarie Equities.