Retail

Asian interest in Queensland’s retail property market is continuing to heat up, with Asian investors acquiring a pair of Woolworths-anchored shopping centres.

The historic David Jones Market St store in Sydney could be transformed into a precinct for emerging designers, growing local labels and niche international brands. This article originally appeared on theaustralian.com.au/property.

Retail investors spent almost $10 billion acquiring new assets during the last financial year – eclipsing the five-year average by almost $3 billion.

Developers to make beeline for sprawling St Kilda site, IGA supermarkets fly off the shelves and a near-new tourist park up for sale. MORE DEALS.

Australia can expect more “category killer” large format retail stores like Harvey Norman and Bunnings in the coming years, putting further pressure on smaller retailers, an expert says.

Chinese investors have acquired the Central Park Shopping Centre in Brisbane’s southern suburb of at Calamvale, amid continued strong buyer demand for retail investment opportunities.

AMP Capital has appointed Brookfield Multiplex to build the $600 million redevelopment of Perth’s Karrinyup Shopping Centre, just hours after CBD shopping centre Carillon City hit the market.

Popular Sydney mixed-use shopping and office hub the Edgecliff Centre is on the market for the first time in 20 years.

Retail and office landlords have led the listed property sector over the calendar year to date as investors search for yield and the stability of landlords with long-dated tenants. This article originally appeared on theaustralian.com.au/property.