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Retail property

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Elliott Rusanow is sitting on a valuable stockpile of land in the right spots.

This $2.5b shopping mall deal could help solve the housing crisis

By selling a stake in one of its Brisbane malls, Westfield owner Scentre Group can create growth options from its 650 hectare land bank. One problem stands out.

This Month

Investment manager Alceon and retail consultancy Aktiv have acquired The Strand Coolangatta, a four-level shopping centre on southern Gold Coast, for $142 million.

Alceon follows wealthy downsizers to Coolangatta with $142m retail buy

The investment manager plans to reposition the 32,000-square-metre shopping centre to match the southern Gold Coast’s changing demographic.

Macquarie Centre is one of Sydney’s biggest retail precincts and is worth $1.7 billion. It is half owned by UniSuper and Cbus Property, the real estate arm of the eponymous industry superannuation fund, with the remaining stake owned by a wholesale fund operated by Dexus.

Dexus sues AMP after losing stake in $1.8b Macquarie Centre

The ASX-listed property giant was forced to sell its stake in one of Sydney’s biggest shopping malls. Now it’s calling on an indemnity clause to cover its losses.

Kent Robbins head of property UniSuper.

Why this $140b industry super fund likes shopping malls so much

By 2030, a growing population will need much more retail space to cater for its shopping needs. Even allowing for online buying, we are running out of malls.

June

Greystanes service station at 601-605 Great Western Highway, Greystanes NSW.

Investors in marathon auction for $18m Sydney servo

A 7-Eleven petrol station with a McDonald’s outlet in western Sydney sold for $3 million above reserve after a bidding session that ran for more than an hour.

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Fund managers going bush for 8pc returns in property

The purchase of a regional Victorian retail centre comes as fund managers chase yield for their investors. But analysts say they need to know their market.

An architects’ rendering of Northbridge Music Hall, due to open in inner Perth during summer 2026-27.

Live Nation spends $30m to stop tours skipping one city

Northbridge Music Hall promises to fill a gaping hole in the West Australian capital’s live performance ecosystem.

May

Woollahra Mayor Sarah Swan is concerned about inadequate planning for transport around a key junction in Edgecliff.

This Sydney traffic junction sums up our city housing problem

Edgecliff, just east of Sydney’s CBD, shows the difficulty of councils and state governments trying to balance the demands of residents and growing populations.

Peter and Lesley Boyle at their home in Balgownie.

How this couple earns $150,000 a year in passive income

Peter and Lesley Boyle invested in residential property to increase their wealth. Then they discovered something better.

Stockland goes shopping for partners in $1.2b malls fund

The malls fund is the latest initiative by Stockland boss Tarun Gupta to bring on board major investors to drive the expansion of Stockland’s portfolio.

In play: City of Stirling is preparing a 10-hectare site on the Mitchell Freeway,. 8km from the Perth CBD, for development.

Perth’s biggest site in a decade could be $1b base for A-League team

Perth Glory club owner Ross Pelligra is talking to a city council about using the site for a planned $1 billion training facility and commercial development.

On hold: Civil infrastructure construction, coming off a boom period, is likely to slow.

Construction pins its turnaround hopes on defence spending boost

The slump across construction – with some key exceptions – will stay until the two largest states resume spending.

April

A render of the Harry Seidler-designed Hilton Brisbane building at 190 Elizabeth Street building in the CBD, which will reopen in July as an Intercontinental Hotel and will then undertake an extensive two-year refurbishment. 

ISPT to plug a gap with Brisbane’s first Intercontinental hotel

The super fund-backed developer and fund manager is pairing with operator IHG for the first part of its 1ha transformation of central Brisbane.

Zac Fried is opening “a retail store on steroids”.

Spotlight’s new Anaconda will teach shoppers to fish

The privately owned large-format retail group will also offer tinnies moored to a life-sized jetty and a cold room for Queenslanders to try on puffer jackets.

The Supreme Court of NSW found that the transfer of control over the $1.7 billion Macquarie Centre to Dexus was a breach of contract.

Dexus forced to sell $830m stake in Macquarie Centre to super giants

The Supreme Court of NSW has rejected a last-minute bid from the ASX-listed landlord to stave off the transaction, having found it was required to sell.

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Blackstone decides time is right to exit big Sydney mall

Blackstone is looking to check out of Sydney’s Top Ryde City, one of the last malls left in the $3 billion portfolio it once earmarked for a float or mega trade sale.

March

The new Sydney Fish Market is due to be up and running by the start of next year.

Sydney Fish Market posts losses but stays afloat

Concerns about the market’s solvency flared after it failed to lodge its 2024 accounts on time, and design complexities and costs rose at the new facility. 

Restaurateur Eddie Muto inside the under-construction Melbourne Winery, at 247 Flinders Lane.

The $3m CBD winery opening in a building where AA meets

A heritage-listed former warehouse on Flinders Lane is home for the new Melbourne Winery. It makes for an unusual tenancy mix.

Sunshine Plaza (pictured) is one of the biggest malls in the Queensland. It underwent a $400 million-plus redevelopment

Property giant GPT seizes on Lendlease’s retail retreat

A Lendlease-run shopping centre fund, once one of the biggest in the country, will now be in charge of running just two malls.

Luxury Japanese watchmaker Grand Seiko has opened its first Melbourne boutique across three levels at The Block Arcade on Collins Street.

Luxury slump hits shop openings across Europe’s fanciest streets

The slowdown in European luxury retail contrasts with a pickup in Australia’s two largest cities.

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