Retail

Two Asian-backed investment groups have tied up deals to buy two of Sydney’s most distinctive buildings, with developer Lendlease reaping more than $100 million from selling the Kengo Kuma-designed The Exchange at Darling Square and a hospitality complex on Barangaroo South’s waterfront to separate parties.

More than $1 billion worth of towers in the western Sydney hub of Parramatta are in play with Charter Hall Direct’s PFA Fund to become the latest seller by putting Wentworth Place on the block.

David Jones is set to shake up Melbourne’s central Bourke St shopping precinct, revealing plans to sell off the site of its flagship menswear store in a move that could reap more than $100 million as it gives its sister store across the mall a significant makeover.

A property leased as a mini supermarket in the upmarket inner-Melbourne suburb of Kew has smashed its reserve by 35% at auction.

There was no secret recipe to the sale of a popular fast food outlet at Mentone. 

Finding a new building that combines luxury hotel suites, a co-working lounge and even the offices of a multinational used to be hard in Australia, but a series of projects, including a complex that will become North Sydney’s tallest tower, are challenging perceptions.

Funds manager M/Group is circling the Coolalinga Central shopping centre that Darwin-based developer Gwelo Developments put on the block in June for about $95 million.

Aficionados of quality imported Italian goods have the chance to create the ultimate top-shelf Carlton North conversion.

The revamped and relocated Sydney Fish Market has received another major funding injection, with the NSW Government tripling its original investment.