Shopping Centre

Big bucks for regional Queensland Woolies, Doughnut Time fills hole in Manly and golf simulator operator tees off in Melbourne’s CBD. MORE NEWS AND DEALS.

Increased competition and sluggish demand has left shopping centre managers feeling bearish, according to a report released today by JLL. This article originally appeared on theaustralian.com.au/property.

Vicinity Centres’ neighbourhood shopping centre sell-off has continued with the sale of Tweed Mall to ASX-listed Elanor Investor Group for more than $81 million.

Perth syndicate Kerching Capital has picked up its third IGA-anchored shopping centre in Queensland, buying Sandstone Village for $10.4 million.

An Asian investor has snapped up the Woolworths-anchored Reedy Creek Village Shopping Centre, on the southern end of the Gold Coast, for $20.5 million.

Investors are expected to descend on Victorian tourist mecca the Yarra Valley, after neighbourhood shopping centre Healesville Walk was listed for sale.

Shopping centre owner SCA Property Group has booked a $184.7 million net profit for 2016, and forecast that retail sales are expected to remain strong over the next year. This article originally appeared on theaustralian.com.au/property.

The country’s commercial property executives are becoming more bearish, with a National Australia Bank survey showing sentiment has fallen to its lowest level in two years. This article originally appeared on theaustralian.com.au/property.

Asian interest in Queensland’s retail property market is continuing to heat up, with Asian investors acquiring a pair of Woolworths-anchored shopping centres.