Retail

Germany’s Kaufland has confounded industry expectations by snapping up a site in Adelaide as it looks to forge into Australia’s fiercely competitive grocery market.

A retail complex on Brisbane’s outer fringe has sold for $78.35 million — on a low 5.19 per cent yield — in a record transaction for Queensland.

The owners of the Myer headquarters at Victoria Harbour in the Docklands have kicked off a campaign to sell the complex.

Food retailers are cementing their place as a key part of retail landlords’ strategies, while refurbishments have also been crucial to make shopping centres attractive to tenants and customers, JLL research has found.

An inner-Brisbane shopping hub that went up in flames earlier this year will soon be reborn as a modern retail precinct. An IGA supermarket and a cafe at The Boulevard Centre in Spring Hill were among …

The future of retail space will be smaller and more flexible, according to the architect behind the retail component of a $270 million mixed-use project in Fremantle. This article originally appeared on theaustralian.com.au/property.

Charter Hall Group has snapped up a Bunnings Warehouse retail property in Burnie, on the north coast of Tasmania, with the $21 million asset to seed a new fund. This article originally appeared on theaustralian.com.au/property.

Four historic Coburg shops have sold for the first time in 126 years.

It could be a very “Amazon” Christmas this year with the US retail giant tipped to crash the local retail sector’s holiday plans by launching its Australian site within the next 60 days, in a move that could prove disastrous for domestic retailers as they rely on Christmas for the bulk of their annual profit. This article originally appeared on theaustralian.com.au/property.