Retail

A fast food investor scored a zinger of a deal, snapping up one of Queensland’s top performing KFC restaurant sites for $2.2 million.

National fuel and convenience retailer 7-Eleven will auction a second and final portfolio of 18 stores across Australia, as demand for the assets hits fever pitch.

The retail property market has received a boost with US private equity giant Blackstone sealing a deal to sell the Brimbank Plaza shopping centre in Melbourne’s northwest to a consortium led by Malaysian-backed group Mulpha for about $150 million.

German supermarket giant Kaufland’s entry into Australia is over almost before it began, after it withdrew from the market before opening a single store.

A rare commercial property in Newtown’s Pakington St is poised to set a new price record for the premium retail strip.

The John Bond-led Primewest has snapped up an office block and a shopping centre in Western Australia in deals worth $65m in total as it buys fresh assets that will add to its $4 billion property funds empire.

It looked like the deal of the century — or the deal of the half-­century, at least.

The owner of Watsons Bay Milk Bar Con Georgiou often gets called ‘The Mayor of Watsons Bay’ because he “knows what’s going on with everybody”.

Busloads of international tourists regularly stop at Kennett River’s Koala Kafe General Store, but a local living within an hour of the Great Ocean Road pit stop has seen its value.