This Month
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.
Wesfarmers tests premium Priceline conversion with new Atomica brand
The retailing powerhouse sees an opportunity between cheap supermarket aisles and luxe chains like Mecca and Sephora. It will have five stores by July 1.
Revealed: The Westfield malls in talks to build thousands of homes
Scentre Group is in advanced talks with the NSW government for rezoning to allow for more homes near Westfield Warringah Mall and Westfield Tuggerah.
February
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.
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.
Billionaire Nick Andrianakos picks up big mall stake in $385m deal
It is the fourth time in as many years that Andrianakos has swooped into the big-mall sector as he diversifies a fortune made running petrol stations.
Mall owner says rates relief ‘turning point’ in sight
High interest rates and inflation have been a drag on mall owners such as Region Group just as much as shoppers. But the landlord just revalued its portfolio upwards.
December 2024
Dexus’ own shopping centre fund vetoes $450m Melbourne mall purchase
The unusual situation has left one of the country’s largest real estate owners scrambling to find a way to finalise the acquisition of the Woodgrove mall.
Major developer APH collapses, sending ripples through private credit
The Melbourne company had already put many of its projects on the market. Its biggest lender, MaxCap, says it expects to be repaid in full.
5 opportunities for commercial property investing in 2025
Sydney hotels, data centres and regional shopping centres are among the segments tipped to grow next year.
Dexus appeals forced sale of $830m Macquarie Centre stake
Dexus is disputing a court decision that requires one of its managed funds to sell a half stake in the Sydney shopping mall to its co-investors.
The $180m mall Woolies liked so much it bought it
Woolworths’ big buy in Sydney’s west shows the price it’s prepared to pay as it jostles with its rivals for the best position in suburbs across the nation.
November 2024
The $1.5b housing opportunity at Westfield Hornsby
Seven of Sydney’s transport hubs have been earmarked for fast-track housing development. Mall giant Scentre is an early winner, and says much more can be done.
Dexus circles $830m of malls to catch retail wave
The property giant is on the hunt for a major shopping centre, looking at the likes of Woodgrove mall and a half stake in Erina Fair.
Rich Lister strikes three with $170 million Adelaide mall deal
After making a fortune in petrol stations, Nick Andrianakos is reinvesting that wealth into the retail revival, with a string of big mall investments.
UniSuper, Cbus win right to buy $830m Macquarie Centre stake off Dexus
The superannuation giants had taken Dexus, one of the country’s largest real estate landlords, to court claiming it breached contractual rules and had to sell.
October 2024
Luxury real estate the bright spot in Europe’s bruised property market
High-net-worth investors and risk-taking private equity firms are pouncing on the opportunity to buy in prime postcodes at historically low prices.
From Birmingham to Britain: Inside Harvey Norman’s new UK beachhead
After two years of planning, the retailer’s chief executive Katie Page will this week open the company’s first store in the country, its boldest expansion yet.
JPMorgan enters Australian payments as competition heats up
The world’s largest bank said it would start offering “merchant acquiring” services in Australia, in the latest threat to major banks’ payments margins.
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.