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Retail property

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.

February

Scentre, owner of Westfield, CEO Elliott Rusanow.

Westfield owner’s next big play is apartment towers

Shopping mall giant Scentre wants to obtain as many rezoning approvals as possible at its shopping centres to allow for high-rise apartments.

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Peter Huddle, CEO of Vicinity at Chadstone Shopping Mall in Melbourne

Vicinity’s bet that bigger is better brings higher in-store spending

The listed mall landlord reported that the leasing spreads for its premium centres are 320 basis points higher than its portfolio average.

At least 50 basis point cut needed to boost housing demand: Stockland

The diversified developer says new home buyer appetite picked up before Tuesday’s rate cut, but further monetary policy easing is crucial.

Paola Toppi leaves court on Monday. The Toppi siblings, from the family behind Sydney institution Machiavelli, are at war over their mother’s will.

Machiavelli’s Toppi family fight over doyenne’s will

With intrigue befitting the family restaurant’s name, Sydney restaurateur Paola Toppi is accusing her brother of mismanagement.

Lendlease flagged the $118 million EBITDA earnings boost from settlements at the Residences Two tower at its One Sydney Harbour development.

Lendlease counts on Baby Boomer demand for luxury apartments

CEO Tony Lombardo says the builder, developer and investor is looking firmly at downsizers, because interest rates don’t bother them.

Mirvac says middle ring housing demand is booming

The diversified developer, builder and landlord claimed a ‘solid’ result in a market that is still recovering.

An investigation found Bunnings had breached the privacy of hundreds of thousands of Australians.

‘Follow the Bunnings’: Top tips for SMSF property investors

Industrial and retail properties are paying rental yields of anywhere between 5 per cent and 8 per cent.

ISPT earmarks asset sales as it revamps $18b fund

Super fund investor ISPT chalked up heavy losses ahead of its merger with IFM Investors. It is moving to fix that, with an overhaul of its $18b flagship fund.

January

Investors offered 9pc yield after discount DJs store deal

South Africa’s Woolworths has sold the last asset standing after its costly foray into upmarket Australian retailing. It’s also an opportunity for investors.

The North West Private Hospital in Burnie, Tasmania owned by the REP fund is being expanded.

Why this fund manager is ditching malls for private hospitals

RAM says private hospitals are good investments if you buy the right ones, and is selling malls and buying healthcare assets for its ASX-listed property fund.

Scentre Group’s Westfield Hornsby, a shopping centre on Sydney’s Upper North Shore that could also become home to 2000 apartments under the state’s push to fast-track housing development.

Citi upgrades shopping centre operator Scentre in recovering market

The investment bank has also flagged Goodman, National Storage, Ingenia, Stockland and GPT as stocks in for a better year.

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Good Food. Terry Durack review at The Gidley, Basement, Sydney. Photograph by Edwina Pickles. 21st Nov 2019

Top restaurant groups expand as diners feast on hot new venues

While many are doing it tough, some of the country’s top hospitality operators are expanding as people seek out novel culinary experiences.

Goodman’s development of hyperscale data centres like this one in Tokyo makes it a top pick for global REIT investors.

Goodman, Scentre among REITs set to bounce higher in 2025

A lack of new supply is expected to put more pricing power in the hands of landlords, meaning stronger earnings growth in 2025, say global investment managers.

December 2024

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.

November 2024

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.

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. 

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