City fringe

A wholesale fund run by Vicinity Centres has put two major shopping centres on the block for more than $280 million as it winds back its funds management ambitions and focuses on its balance sheet assets.

Melbourne investment firm Folkestone Education Trust have snapped up nine Brisbane properties worth more than $63 million, expanding its footprint in the booming childcare real estate market. The centres were sold on a leaseback arrangement with Avenues …

Listed developer Axiom Properties is selling its half-stake in the Churchill Centre North shopping centre in Adelaide’s northern suburbs for $42.5 million but will keep some exposure to the property.

Padstow Park Hotel in Sydney’s southwest has sold for almost twice what investment firm White & Partners paid for it less than four years ago. 

A supermarket in suburban Melbourne has changed hands for an eye-watering 2.57% yield as retail assets continue to draw buyers, defying worries over the sector.

A huge farm in Melbourne’s north could one day be home to the city’s newest suburb, after its longtime owners put the property on the market. The 600ha of land known as “Deloraine”, at Beveridge, …

Shoppers spent nearly $2 billion at giant Melbourne shopping centre Chadstone last year, making it the highest turnover centre in the country as the largest fortress malls defy the retail gloom.

A Sorrento landmark has chalked a price rise of more than $4.5 million in less than five years. 

Living close to the dentist or coin laundrette is always convenient, and now a scale and clean or laundry day can be more accessible than ever.