Big Box Retail

The cashed-up GDI Property Group has struck a conditional deal to buy the Ikea store in Perth for a new unlisted fund in a $143.5 million deal. This article originally appeared on theaustralian.com.au/property.

Charter Hall’s listed shopping centre trust is backing its mall ­locations and lease structures with major tenants as a defence against the looming entry of Amazon, warning that the online commerce giant will face headwinds in Australia. This article originally appeared on theaustralian.com.au/property.

This year has been a notable one for commercial property sales in Tasmania.

Chinese investors are setting their sights on big box retail centres and larger retail properties, looking for defensive assets and income despite the focus on the looming entry of Amazon into Australia. This article originally appeared on theaustralian.com.au/property.

A Melbourne family has landed the Bunnings Warehouse store at Colac in Victoria’s west for $7.8 million.

Nine retail outlets leased to bulky goods chain The Good Guys have been sold for $92 million, in a series of deal spanning four states and involving multiple buyers.

Bunnings Warehouse has opened its third UK store as the Australian home and hardware chain’s overseas expansion gathers pace.

Chinese building materials and homewares company China Lesso Group Holdings is opening its first exhibition space in Australia today, as it makes a push into the local market. This article originally appeared on theaustralian.com.au/property.

The Greg Paramor-led Folkestone has struck a deal that will see it develop a $70 million shopping centre and large format retail site in the Melbourne suburb of Altona North. This article originally appeared on theaustralian.com.au/property.