Retail

This Clovelly property might not be much to look at, but it sold on one of the tightest yields of any commercial property in Australia this year.

If the influx of stores like Uniqlo and H&M are any indication, Australia’s lust for foreign retail wares won’t be abating any time soon. But which brands are coming next?

Another high-profile backer has joined the consortium of wealthy families that bought the Masters business for a bargain $730 million from Woolworths and estranged partner, US hardware giant Lowe’s. This article originally appeared on theaustralian.com.au/property.

Dexus has parted ways with an office tower and retail hub at 39 Martin Place in Sydney as the NSW Government’s compulsory acquisition of buildings for its metro rail project gathers pace.

Supermarket giant Lidl won’t be taking on Coles, Woolworths and Aldi in Australia any time soon, an industry expert says, despite rumours the German discounter had been planning an invasion.

Supermarket heavyweight Coles has sold a newly developed shopping centre at Coburg in Melbourne to a locally-based private investor.

Singapore-backed developer Frasers has won exclusive development rights for a site in the Western Sydney Parklands and plans to build a 50,0000sqm shopping mall. This article originally appeared on theaustralian.com.au/property.

The local boss of discount supermarket Aldi has mixed news for Australia’s leading super­markets Woolworths and Coles. This article originally appeared on theaustralian.com.au/property.

Juicy yields could be a thing of the past in Australia’s retail property market, with rabid interest from trusts and foreign investors seeing prices soar as competition continues to heat up.