local shopping

Neighbourhood shopping centres are still trading at a brisk pace with big players like Woolworths and Charter Hall cashing in on the strong market.

The flagship wholesale fund run by Dexus is selling the Shepparton Marketplace in regional Victoria to Singapore private real estate fund management business Sim Lian-Metro Capital for $88.1m.

Having proven their worth during the pandemic, neighbourhood shopping centres remain in hot demand from investors as interest rates and inflation soar.

New data has found the estimated insurance loss from the flooding in parts of NSW and Queensland earlier this year has reached more than $4 billion. For many business owners, affording the insurance premiums has been a major hurdle in the rebuilding process.

First-time investors in commercial property are showing their interest in 16 separate retail assets being sold by Fitzroys in a portfolio auction of the estate of the late Harry Oviss.

A local council has bought a neighbourhood shopping centre in Sydney’s Castle Hill for $105 million, beating out investors and developers.

A rare trio of shops sold as one package sparked a big bidding war as buyers jostled for a position on Geelong West’s premium commercial strip.

A medley of commercial property types attracted interest over the Christmas-New Year season from offices to shopfronts, medical facilities and warehouses.

The coronavirus pandemic is likely to accelerate the transformation of more shopping centres into mixed-use precincts offering everything from hotels and offices to medical clinics.