Retail

Retail industry news, retail property market trends and insights.

News
Property developer snares iconic Potts Point building
A property developer has paid a premium price for pub baron Justin Hemmes’s landmark property in Potts Point, Richardson and Wrench Elizabeth Bay agent Jason Boon has confirmed exclusively.
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Myer weighs up downsizing 15 stores
Under-pressure department store Myer could seek to hand back space at 15 shopping centres over the next four years, according an analysis by investment bank UBS.
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Stunning bluestone facade a hidden bonus at historic Geelong building
Is it possible this historic Geelong building is back to front, because its rear face is one of its most endearing features?
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Gen Y dining habits drive hunger for retail space
Young people’s desire to dine out has driven inquiries from food and beverage retailers as vacancy rates improved.
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Home of Brunswick East tailors to stitch up sale
Buyers have been pulling up their sleeves at Carbone Master Tailors for decades.
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Boutique hotel chain announces new Queen Vic Market location
The 111-room hotel will form part of PDG Corporation’s $450m redevelopment of the Melbourne’s historic Munro site.
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Ex-AFL player begins build at Armstrong Creek shopping centre
A $60 million shopping centre project is the first step to creating the Armstrong Creek Town Centre, which will become the retail, leisure and entertainment hub of Geelong’s south, developer Andrew Welsh says.
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Camino angles for bigger slice of Pitt Street precinct
Sydney businessman Victor Comino is angling to boost his holdings on the city’s glittering Pitt Street mall strip and is in the frame to buy a half-interest in the $700 million 135 King St and Glasshouse complex in the heart of Sydney.
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Prahran UltraTune site to rev up Burgess Rawson auction
A high-profile Prahran auto service centre, two metro Melbourne orthodontic clinics, a Target store, multiple government-leased office complexes and a name synonymous with regional hardware will all be up in lights as part of Burgess Rawson’s latest Investment Portfolio campaign.
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