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Westfield Chermside was packed with shoppers during the Black Friday sales.

Retail propertyCommercial

Malls back in fashion as landlords rush to buy

Australia’s shopping mall investment market has flipped from pandemic pariah to billion-dollar battleground in a stunning industry transformation.

16/2/22: Greg Goodman, Head of Goodman Group ahead of the release of the company's results. John Feder/The Australian.

CEO Survey 2026Leadership

‘Everything comes back to productivity’: Goodman CEO

Energy policy and infrastructure underscores industry, and if we ‘run out of energy, we’re going to run out of competitive advantage and productivity’, warns Goodman boss Greg Goodman.

Greg Goodman

Saint Hotel St Kilda. Picture: Sharyn Cairns

exclusiveCommercial

Another of failed pub baron Jon Adgemis’ hotels sold off

A diversified property developer has rescued a landmark St Kilda pub from the wreckage of a failed hospitality empire, promising to restore its former glory.

Lisa Allen and Ben Wilmot

Shoppers in Pitt Street Mall outside Westfield,, Sydney CBD. 29th November, 2019. Black Friday Sales. Picture by Damian Shaw

ExclusiveCommercial

Super fund makes a $1bn play for Westfield’s Sydney CBD jewel

Australian Retirement Trust has entered due diligence to buy a quarter stake in Westfield Sydney for more than $1bn under one of the country’s largest retail property deals.

Melbourne stock images- Melbourne GPO building Elizabeth st Melbourne CBD. Wednesday, March 5. 2025. Picture: David Crosling

RetailCommercial

Melbourne’s GPO deal delivers CBD bargain for developer

A Sydney developer has entered talks to buy Melbourne’s iconic GPO building for $88 million as the historic retail complex changes hands after two decades.

ExclusiveCommercial

Lendlease's Melbourne Quarter Tower. Picture: supplied

AFL to ditch Docklands

The newly built Melbourne Quarter Tower has emerged as the preferred option for the expanding AFL operation as its Docklands home is in line to face the wreckers ball.

ExclusiveCommercial

Artist's impression of the Goodman Group's data centre in Artarmon, Sydney

Goodman Group poised to pour billions into data centres

Greg Goodman’s plans for a $15bn Sydney data centre empire could dwarf specialist rivals as the billionaire converts warehouses into AI infrastructure goldmines.

RetailCommercial

Gympie Central Shopping Centre

Charter Hall closing in on more centre deals

The country’s largest commercial property player Charter Hall has set its sights on a $250m shopping centre acquisition spree spanning two states.

Court caseCommercial

DAILY TELEGRAPH DECEMBER 11, 2023. The Figtree Hill development in Macarthur, near Appin. Lendlease has now been forced to write to 450 customers telling them there is still no timeframe on when their homes can be built, because Transport for NSW is yet to give the developer the green light to upgrade Appin Road. Picture: Jonathan Ng

Lendlease faces $100m write-off after court loss

Lendlease could be slugged for hefty costs after losing an appeal over development rights to a parcel of land in Sydney’s west in a decade-long dispute.

Offshore investmentCommercial

The Paradise Centre and Novotel in Surfers Paradise.

Taiwanese family close to buying Surfers Paradise icon for $370m

One of the biggest landmarks in Surfers Paradise is close to selling to a billionaire family investment group, continuing the march of Asian investment on the glitter strip.

Ben Wilmot and Lisa Allen

SalesCommercial

**THE LIST 2024** Paul Lederer, Lederer Group, Photographed by Nic Walker, Wednesday 14st Feb.

Lederer makes $305m bid for Canberra offices

Billionaire Paul Lederer is looking to put his stamp on the office market with a potential purchase that could play into his move on a listed office trust run by Elanor.

TycoonsCommercial

Robin Khuda, the billionaire founder and chief executive of the AirTrunk

Tech billionaire’s $75m bet on ‘unfashionable’ suburban lots

AirTrunk founder Robin Khuda has quietly forked out $75m buying overlooked suburban sites through his new property venture, betting on future growth.

The Wharf at Mooloolaba on the Sunshine Coast is up for sale for the first time in about 10 years.

Harvest Hospitality launches $500m fund for acquisitions

Pub investor Harvest Hospitality has launched a $500m fund targeting retail investors as it eyes lucrative Queensland hotel acquisitions.

Industrial developmentCommercial

China Lesso has put the Augusta Street site in Huntingwood on the block for more than $200m

Warehousing giant ESR in $300m-plus project play

Asia’s ESR is betting on the future of the western Sydney industrial estate at Huntingwood that will house five warehouses, with some rising to multiple levels.

RetailCommercial

Charter Hall has acquired the Burwood One Shopping Centre in Melbourne. Picture: supplied

Charter Hall goes shopping for malls

Charter Hall has secured a $210m Melbourne shopping centre deal as the property giant continues its aggressive expansion into convenience retail assets.

Real estateCommercial

Lendlease and Nippon Steel Kowa Real Estate will develop build-to-rent apartments at 899 Collins Street in the Docklands

Lendlease lands two huge property deals

The property giant has pulled off a rare double victory, landing Japanese investors for a Melbourne project while offloading a premium Sydney office building.

Property boomProperty

Billionaire John Van Lieshout has sold a shopping centre in Queensland’s Southport for $152.5m.

Billionaire checks out of Gold Coast centre for $152m

John Van Lieshout has sold a shopping centre in Queensland’s Southport for $152.5m after picking it up for a song in the wake of the global financial crisis.

Commercial propertyCommercial

HomeHQ Artarmon centre. NSW Real Estate

Aware bets on retail’s resilience as rate hike talk stalks property sector

The industry super fund’s purchase adds to mounting transactional evidence that shopping malls are on the way back. Mid-sized centres have already jumped in value and even larger assets are on the rise as buyers descend on the unloved sector.

TakeoversCommercial

Students at purpose built student accommodation at Unilodge Brisbane in South Bank. Picture: Supplied.

Japanese giant swoops on UniLodge in $600m-plus deal

The sale of UniLodge has defied expectations as Japanese investors bet big on Australian student housing amid ongoing bed shortages in major cities.

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Conquest is proposing to build a 250m tower on the Parramatta site.

From stalled site to one of the country’s tallest towers

A stalled Parramatta development site has been resurrected with ambitious plans for 1000 units in what could become one of Australia’s tallest residential towers at $1.5bn.

Original URL: https://www.theaustralian.com.au/business/property/commercial