Shopping Centre

Last year’s childcare boom appears to be gathering even more steam, with almost $20 million worth of childcare centres sold at the first Burgess Rawson investment auctions of 2017.

Demand for Australian retail assets continues unabated, with a Sydney investor paying $13.2 million to secure a Big W-anchored shopping centre at Cessnock in regional New South Wales.

A bite-sized property that might just be the smallest on the commercial market is already proving a hit with potential investors.

Discount supermarket chain Aldi will unleash a deluge of new stores across South Australia and Western Australia in 2017, as its immediate expansion plans were revealed.

The United States proved to be the dominant foreign force in Australian retail investment in 2016, while Queensland tipped New South Wales out of top spot for sales.

The listed Charter Hall Retail REIT has snapped up Arana Hills Plaza and an adjoining Shell petrol station in Brisbane from superannuation fund-backed ISPT for $67.1 million. This article originally appeared on theaustralian.com.au/property.

Investment firms Alceon and CP Retail have sold their northern NSW shopping centre to the RAM Australia Property Fund for $46.25 million, a 60% rise on the purchase price five years ago. This article originally appeared on theaustralian.com.au/property.

Shopping centre giant Vicinity Centre is nearing the end of its plan to sell off $1.5 billion worth of assets, after offloading major stakes in Brisbane’s The Myer Centre and seaside Victorian hub Mornington Central.

Retail landlord Vicinity Centres has ruled out building apartments at Melbourne’s Chadstone Shopping Centre in the near future, but preparations will begin for a new hotel in the next two years. This article originally appeared on theaustralian.com.au/property.