Retail

A Melbourne property syndicate has bought Corio Central shopping centre in a $101 million deal.

A weakening economy and sharemarket, along with a subdued housing sector, have cut into the profits of the private companies headed by many of Australia’s richest people.

A bidding frenzy has seen the price of a Woolworths supermarket in regional Victoria soar to almost four times the price its owners paid for it.

A landmark pub in the heart of Port Melbourne is set to offer buyers far more than a humble parma and a pint. 

It’s been described as a “hole in the wall” but one of central Sydney’s smallest retail spaces could prove to be a gold mine for one lucky investor. 

Commercial property investors with a penchant for cheeseburgers may see a golden opportunity in this new Maccas site listing that is just 11km from the Newcastle CBD.

Sydney shopping centres are holding their own against the tide of falling values and sluggish trading conditions with activist funds manager Fortius buying Cammeray Square from property trust Stockland for $39.05 million.

One of the year’s most significant retail property offerings has achieved a stunning result, with a huge portfolio of 7-Eleven fuel convenience outlets selling at a Burgess Rawson auction event.

Retail behemoth Amazon has stepped up its offering in Western Australia with a new fulfilment centre unveiled in Perth that will boost its last mile delivery capacity, putting traditional shopping under more pressure.