Retail

Listed retail landlord Vicinity Centres is set to sell up to $1 billion of smaller shopping centres as the group unveils a strategy of focusing on flagship destination assets.

An Armadale shop tenanted by AFL power couple Chris and Bec Judd’s ‘Jaggad’ brand has been sold. And that wasn’t the only AFL link to the space at 1033 High St, with another AFL great …

Supermarket giant Woolworths has snapped up the Mordialloc Plaza complex in Melbourne from a Singaporean based family in a $41 million deal.

A new residential development has launched in Mascot and is set to be a breath of fresh air for the suburb’s dated shopping strip.

Regional shopping centres offering premium services and local neighbourhood complexes that are very convenient are dominating asset trading this year.

Newcomb’s Bellarine Village shopping centre has sold for nearly $37 million in a deal with a Melbourne-based private investor.

Retail landlords in Australia are proving more resilient than many others in the developed world thanks to a well-diversified tenant base, according to an S&P Global Ratings report. 

Property group Charter Hall and retailer Woolworths have struck up a partnership to develop a $100 million-plus major produce facility for the supermarket giant in the western Melbourne suburb of Laverton.

Private equity and property giant Blackstone is poised to double its money on an investment in Sydney’s Top Ryde City Shopping Centre by putting the site on the block for $700 million, just over five years after taking over the asset.