Shopping Centre

Shopping centre industry news, market trends and insights.

Coles duo set to net $60m
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Coles duo set to net $60m
Coles will sell one of its supermarkets as well as a shopping centre it anchors in New South Wales, in a pair of property sales expected to be total $60 million. The Westmead Shopping Village in Sydney’s west, …
Record deal: $680m for quarter stake in Highpoint Shopping Centre
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Record deal: $680m for quarter stake in Highpoint Shopping Centre
A property fund run by sector stalwart the GPT Group has made one of the most expensive shopping mall investments in Australia’s history, snapping up a 25% stake in Melbourne’s Highpoint Shopping Centre, in a $680 million purchase from the city’s wealthy Besen family. This article originally appeared on theaustralian.com.au/property.
Shopping centre appetite continues in Melbourne’s southeast
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Shopping centre appetite continues in Melbourne’s southeast
A shopping centre in Melbourne’s southeastern suburbs has sold for more than $30 million to a new entrant to the market. This article originally appeared on theaustralian.com.au/property.
Newcastle’s Marketown changes hands for $163m
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Newcastle’s Marketown changes hands for $163m
AMP Capital has bought a shopping centre in Newcastle, north of Sydney, on behalf of Sunsuper for about $163 million. This article originally appeared on theaustralian.com.au/property.
Amazon ‘little danger to big malls’
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Amazon ‘little danger to big malls’
The arrival of online shopping behemoth Amazon could hit some secondary shopping centres but the future of major malls in Australia remains bright, driven by the growing population, planning constraints and limited new supply, analysis by investment bank Moelis & Co. suggests.
‘Robots the biggest threat to shopping centres’
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‘Robots the biggest threat to shopping centres’
The founder of Australia’s biggest retail leasing database says there are plenty of dangers ahead for the shopping centre sector but they are not quite what you think. This article originally appeared on theaustralian.com.au/property.
Vicinity to sell down $600m shopping centre portfolio
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Vicinity to sell down $600m shopping centre portfolio
A Vicinity Centres-run trust backed by the Future Fund and the Canada Pension Plan Investment Board will bring a $600 million portfolio of shopping centres to market as offshore groups jostle for position in the sector. This article originally appeared on theaustralian.com.au.property.
Baker’s Delight cooks up major interest in Lara strip
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Baker’s Delight cooks up major interest in Lara strip
A shopping strip in Lara has sold well over reserve to a local investor.
Toowoomba’s Highfields Village nets $41m
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Toowoomba’s Highfields Village nets $41m
Listed property trust Charter Hall Retail REIT has bought a Toowoomba shopping centre in a $41 million transaction, with plans to expand the property. This article originally appeared on theaustralian.com.au/property.
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