Retail

The Myer family has finalised a deal to sell its remaining one-third stake in its own Bourke St store to funds manager TH Real Estate for more than $151 million.

There is still life in Western Australia’s ailing commercial property market, particularly in retail, experts say.

A new Bunnings Warehouse still months away from being completed in regional Victoria will be the first Bunnings to be owned by a Chinese investor, after selling on a record yield.

A department store brand not yet seen in Australia is among the luxury retailers being sought by the Star Entertainment Group to open at the $3 billion Queen’s Wharf development in Brisbane. This article originally appeared on theaustralian.com.au/property.

Investor interest in neighbourhood shopping centres has dipped in the last year, in a sign the buying frenzy that characterised previous purchasing seasons could be over.

Sunland will create a $100 million retail ­precinct in Mermaid Waters on the Gold Coast as part of its 42ha master planned community at The Lakes. This article originally appeared on www.theaustralian.com.au/property.

Black Caviar owner Neil Werrett’s Galileo Group proposes a gold-coloured luxury skyscraper at the northern end of Hyde Park in the heart of Sydney’s legal district. This article originally appeared on www.theaustralian.com.au/property.

Vicinity Centres’ neighbourhood shopping centre sell-off has continued with the sale of Tweed Mall to ASX-listed Elanor Investor Group for more than $81 million.

Bunnings will leave seven of its stores to swoop on sites previously occupied by Masters, as the fallout from Masters’ failed home improvement division continues.