Big Box Retail

Private investors priced out of bigger Bunnings Warehouse deals are chasing a rare opportunity to secure one of the popular investments – and at a more affordable price point.

Retail landlord Aventus has defied the gloom in the shopping centre sector as customers go on a spree in its large format centres to spruce up their homes.

The popular Bunnings chain is set to add an epic new store to its network, and it will be one state’s first three-storey hardware shop.

The property sector is proving a profitable ground for potential listings of new companies on the ASX, with Newmark Capital the latest to weigh up a move as it readies a potential listing of its $300 million hardware trust.

A Ballarat property poised to top $12m is expected to become one of the city’s priciest commercial real estate transactions to date.

A Dan Murphy’s in Wangaratta has broken the yield record for a regional large format liquor store, as investors seek out safer retail assets. The liquor outlet in the country Victorian hub sold for $8.1 …

Brett Blundy-backed Aventus Group said people staying home have been spending up on new electrical items, white goods and homewares.

The listed BWP Trust, which owns Bunnings warehouses around the country, says it is well positioned for the challenges created by the global COVID-19 pandemic, even as its anchor tenant readies for trade restrictions in Melbourne.

Bunnings and Officeworks could ditch warehouse outlets and shift to smaller city stores in the aftermath of COVID-19, commercial property agents predict.