Big Box Retail

A Perth-based syndicate has pocketed an almost 70% price premium after selling a large format retail centre on the New South Wales Central Coast, having bought the asset just 18 months ago.

Aventus has capped an impressive Christmas period for Australia’s retail property market, selling a shopping centre portfolio in regional Victoria and New South Wales. In a festive season rush, the group offloaded large format centre …

German supermarket giant Kaufland has stepped up its push into the Australian market with the purchase of its second site, this time in Melbourne’s outer southeast. 

Tell an investor a property leased to Bunnings Warehouse is for sale and immediately they’ll be expecting to pay big bucks for a tight yield.

Costco is throwing open the doors to its Melbourne stores for one day only next week, giving shoppers who aren’t members of the bulk supermarket chain the chance to grab a pre-Christmas bargain. Leader Newspapers reports …

Bunnings has plans to expand across Britain and could buy or lease more than 100 sites in coming years as the Australian group becomes a major presence after buying Homebase last year.

Three more former Masters sites have changed hands for a total of $70 million as properties once-controlled by retail giant Woolworths’ home improvement venture are seized by new owners.

The acquisitive Charter Hall’s property funds empire has topped $20 billion with further growth in the offing as the company holds a $3 billion war chest back for its ­expansion.

Charter Hall Group has snapped up a Bunnings Warehouse retail property in Burnie, on the north coast of Tasmania, with the $21 million asset to seed a new fund. This article originally appeared on theaustralian.com.au/property.