Big Box Retail

One of China’s top building ­materials and homewares companies, China Lesso Group Holdings, is buying two sites in Sydney to build up a local operation that may see it take on Bunnings. This article originally appeared on theaustralian.com.au/property.

An Asian investor has snapped up the Woolworths-anchored Reedy Creek Village Shopping Centre, on the southern end of the Gold Coast, for $20.5 million.

Investors came hard for a KFC outlet in suburban Melbourne but many sat on their hands at a quiet Burgess Rawson investment auction on Wednesday.

Australia can expect more “category killer” large format retail stores like Harvey Norman and Bunnings in the coming years, putting further pressure on smaller retailers, an expert says.

What does record low interest rates, solid yields and fierce competition in metropolitan areas mean for investors? They’re moving into regional Australia.

The white-hot market for Bunnings Warehouse outlets will face another litmus test, with the first Bunnings store offered for sale in Victoria in more than six months.

The sale of a Bunnings Warehouse in Perth and a Dan Murphy’s in suburban Melbourne – both on yields below 5% – capped two days of Burgess Rawson portfolio auctions in Melbourne and Sydney.

US consumer goods company Spectrum Brands will park its Australasian headquarters and a distribution centre more than double the size of nearby Costco at the Moorabbin Airport business park precinct in Melbourne’s south.

It’s been years since a Bunnings Warehouse was put up for sale in Western Australia, so it’s no surprise that investors came from the clouds when one hit the market north of Perth.