Business News

Shopping centre giant Vicinity Centre is nearing the end of its plan to sell off $1.5 billion worth of assets, after offloading major stakes in Brisbane’s The Myer Centre and seaside Victorian hub Mornington Central.

American hotelier Marriott Inter­national has confirmed it will launch a swag of new hotels in Australia including a six-star Bulgari and a JW Marriott. This article originally appeared on theaustralian.com.au/property.

Veteran developer Lang Walker has clinched another tenant for his $2.5 billion Collins Square project in Melbourne, securing gaming giant Tabcorp for the recently completed Tower 2. This article originally appeared on theaustralian.com.au/property.

Charter Hall has acquired 50% of the building that currently houses the headquarters of supermarket giant Coles. This article originally appeared on theaustralian.com.au/property.

Retail landlord Vicinity Centres has ruled out building apartments at Melbourne’s Chadstone Shopping Centre in the near future, but preparations will begin for a new hotel in the next two years. This article originally appeared on theaustralian.com.au/property.

Listed developer Villa World and its Sydney-based partner Greenfields Development Company have purchased a 153ha development site south of Brisbane for $50 million, with plans to build 1500 homes. This article originally appeared on theaustralian.com.au/property.

Increased competition and sluggish demand has left shopping centre managers feeling bearish, according to a report released today by JLL. This article originally appeared on theaustralian.com.au/property.

It’s taken a multi-billion dollar development and the creation of a completely new neighbourhood in the heart of the CBD to give Sydney a dynamic, authentic, organic business precinct that rivals anything on the planet.

Bunnings will leave seven of its stores to swoop on sites previously occupied by Masters, as the fallout from Masters’ failed home improvement division continues.