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Retail property

This Month

for sale sign: The Victorian government wants to sell the operating rights to its Mt Baw Baw and Lake Mountain alpine resorts. 

Why Victoria will struggle to sell Mount Baw Baw alpine resort

More than one-third of the resort’s commercial sites are vacant and it doesn’t have enough power to use them all, business owners say.

  • Michael Bleby

November

The Virginia-class submarine.

AUKUS subs project to drive $40b logistics, housing boom: report

The building and maintenance of nuclear submarines in Adelaide and Perth is expected to create demand for 1 million square metres of warehouse space and 24,500 homes.

  • Larry Schlesinger
Charter Hall’s David Harrison says his portfolio covering 2000 tenants gives him a better real-time read on the economy than the central bank.

The next three property shortages have already started

Charter Hall boss David Harrison says the supply shortages and lack of developer confidence we’re seeing in the housing market are playing out across the property sector. 

  • James Thomson
On the edge: It’s cheaper and quicker to build detached homes on the urban periphery, but that does little to help longer-term affordability or sustainability.

Developers aren’t building apartments – and it’s getting worse

The mix of housing projects coming on stream in the next few years has changed. Apartment construction now looks weaker than even six months ago.

  • Michael Bleby

October

Burgess Rawson is renowned for its regular portfolio auctions.

CBRE chases Burgess Rawson as big auction delivers $66m bonanza

Global real estate giant CBRE is in hot pursuit of portfolio auction specialist Burgess Rawson, which showed its value via a blockbuster auction event.

  • Larry Schlesinger
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This grocery story at Wisemans Ferry on the Hawkesbury River sold for $2.39m on a 6.7 per cent yield.

From Coonabarabran to Wagga: Investors go bush for commercial property

There were 120 enquiries for a pharmacy in the Central West of NSW that sold before auction and 55 calls for a Bridgestone tyre shop in the Riverina.

  • Larry Schlesinger
The Adelphi Hotel on Melbourne’s Flinders Lane sold at 24pc discount to its last purchase price.

Virtical’s Adelphi Hotel sold for discounted $19m

Collapsed pub and hotel developer and operator Virtical bought the boutique Melbourne hotel on Flinders Lane for $25 million in 2023.

  • Larry Schlesinger
Space for rent: Aoife Kealy, Cross Yarra Partnership’s director for commercial development and services at Melbourne’s Parkville Metro station on Tuesday.

No trains or passengers yet, but Melbourne’s new Metro Rail has shops

Passengers travelling through the twin 9-kilometre tunnels, opening next year, will create a whole new market of shoppers for retailers.

  • Michael Bleby
WA is the only state with a lower level of double doses than Queensland.

Charter Hall empty-handed after ‘best and final’ offer for pub owner

Charter Hall and Hostplus have failed to convince the board of Hotel Property Investments after they lifted their offer by 5.5 per cent to $3.85 per unit.

  • Updated
  • Larry Schlesinger
Chris Lucas, inside his first Canberra restaurant, Carlotta, which opens on Monday.

Chin Chin for Canberra: Chris Lucas’ grand restaurant plans

The restaurateur is opening his first Canberra eatery and working with QIC on another diner there.

  • Updated
  • Larry Schlesinger
Armadale Cellars owner Phil Hude says work from home has hugely benefited many suburban retail strips

Working from home brings suburban strips back to life

Vacancy rates on affluent retail strips such as High Street Armadale in Melbourne are plunging as more people work from home and shop locally.

  • Larry Schlesinger
Billbergia developed the 50-storey mixed use tower at 88 Walker Street in North Sydney, where office rents are now rising.

Why investors eye offices in Sydney, Brisbane – but not Melbourne

A pick-up in commercial transactions over the first three quarters points to a stronger year, but it’s not a uniform improvement.

  • Michael Bleby

QIC to set record $900m mall deal as it embarks on more sell-downs

Queensland Investment Corporation wants to follow up what will be the biggest retail asset sale in Australian history in Blacktown’s Westpoint mall by selling Woodgrove Shopping Centre in Melbourne’s west.

  • Campbell Kwan

September

Plans for Arthurs Seat Eagle include a new observation tower.

Adrenaline rush, light and sound show planned for Mornington cable car

Plans by Rich Lister Peter Gunn and NAB director Simon McKeon for Arthur Seat Eagle on the Mornington Peninsula include a thrilling luge ride.

  • Larry Schlesinger
Sally Dale.

NSW house prices to flatline this year, valuer general says

A strong first half has pushed values up in the NSW capital, but those gains are unlikely to be repeated.

  • Michael Bleby
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There were more than 90 bids for the Bridgestone Tyre facility in Kilsyth South.

From Supercheap to Salvos, retail assets earn investors’ favour

More than half of the 22 properties offered at commercial property auctions this week were passed in, but big brand retail assets sold well.

  • Larry Schlesinger

The Hong Kong luxury mall sitting empty as Chinese spending plunges

China’s collapse in high-end spending has shaken confidence in luxury brands globally as companies from LVMH to Richemont and L’Oreal report falling sales.

  • Shirley Zhao
Nick Politis says the investments will generate 6pc returns.

‘Great assets’: Nick Politis pays $50m for Porsche dealerships

Sydney Roosters chairman Nick Politis has added two Melbourne Porsche dealerships to his 28pc stake in ASX-listed Eagers Automotive.

  • Larry Schlesinger

August

Cathedrals of the 21st century: Victoria Cross Station on the new Sydney metro.

How Sydney Metro’s architects made train stations people actually like

The “cathedrals of the 21st century” have united Sydney’s tastemakers and commuters, who marvelled at their new Metro line this week.

  • Michael Bleby and Campbell Kwan
The Willows Shopping Centre is the largest mall in Townsville

Dexus to offload Townsville mall for more than $200m

The looming sale of the Willows Shopping Centre comes amid a noticeable pick-up in deal activity, including from ASX-listed Scentre and Vicinity.

  • Larry Schlesinger

Original URL: https://www.afr.com/topic/retail-property-hqe