Retail

A bustling retail precinct in Sydney’s west has been snapped up for a record-breaking sum.

One of Sydney’s most famed public precincts has sold, with private real estate group Markham paying $125.5 million for the King Street Wharf.

Tough retail conditions are spilling over into the portfolios of major landlords with listed companies selling a series of centres at discounts to their book values, according to a new analysis by Macquarie Equities.

A Thornbury cafe has proved as popular on the commercial property market as it is for weekend pastries, selling on a sharp yield to a local investor. The inner city Melbourne property at 709 High …

A Harvey Norman distribution centre that services most of Northern Tasmania will be auctioned next week, and agents say it’s got a major advantage over almost any other retail warehouse in Australia. The industrial building …

Auctions of commercial property have been spared the gloom that has descended on the residential market with the latest CBRE portfolio reaping an 86% clearance rate as almost $48 million worth of property was sold.

German funds manager Deka Immobilien has swooped on the Bvlgari store in the heart of Sydney, picking up the bulk of the building that houses the luxury retailer in a deal worth about €36 million ($56 million) as the very top end of the market defies gloomy retail conditions.

Private equity and property giant Blackstone has begun the carve-up of $3 billion worth of retail property holdings more than a year after putting them on the block.

Neighbourhood shopping centres in Sydney and Queensland’s sought-after Sunshine Coast are trading at a rapid clip with more than $100 million worth of deals completed or under way.