Retail

Sydney businessman Victor Comino has swooped on the historic Pitt Street Mall building that has housed the Soul Pattinson pharmacy for almost 150 years in a dramatic off-market play valuing the complex about $100 million.

The carrot of a strong long-term commercial yield for a retail asset drove a bidding war between investors for a property hosting an Ocean Grove chemist.

Property buyers in Tasmania have clamoured for homes in prestigious Sandy Bay for years, and now those same investors can buy the suburb’s supermarket.

US discount giant Costco has vowed to open at least one new store in Australia every year as it eyes a bigger slice of the retail market.

More Asian and institutional cash is expected to flow to the Geelong region as major property investors seek to reap the rewards of strong population growth and higher retail spending. 

Regional Queensland has peeled off one of the year’s first sales of a Bunnings Warehouse, with a store east of Brisbane selling for more than $10 million.

The iconic ‘Star House’ building on Erina St, Gosford is up for auction on the 1st of March.

Supermarket giant Costco is king of happy shoppers among Australia’s discount department stores, after winning research group Roy Morgan’s annual Customer Satisfaction Award.

A perfect storm of market conditions has pushed Burleigh Heads to the top of Queensland’s commercial property wish list.