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Retail industry news, retail property market trends and insights.
News
Coles unloads Ormeau Village for $34m
News
Myer makes Brisbane CBD exit as mall woes hit
The department store will leave its namesake site in the Queen Street Mall after a 35-year stint, prompting concerns about the remaining tenants.
Buying & Selling
Wealthy Melbourne families take part in $175m shopping centre shopping spree
Some of Melbourne’s wealthiest families are expected to take part in a more than $175m “recession proof” shopping centre shopping spree.
Market Insights
From dingy to upmarket, tattoo parlours are undergoing a bougie makeover
Tattoo parlours were once a dodgy investment option, given their historical links to bikie gangs. Today they are becoming brighter and more sophisticated, and business is booming.
Buying & Selling
Buyer strikes on huge Belmont site as council sell-off continues
Geelong’s council hit a spare as its asset sales blitz saw a buyer secure a huge Belmont parcel with ten pin bowling lanes, child health centre, after it was passed in at auction.
News
Harris Farm in Brisbane’s affluent northside set for March auction
Premium fresh food centre Harris Farm Clayfield, which nets circa $1m off its popularity with some of Brisbane’s most affluent families, is set to go under the hammer within weeks.
News
Prominent Lakemba real estate office to be sold for the first time in over 45 years
With the potential to be repositioned or developed this ideally position Lakemba sites sits in one of Sydney’s busiest retail precincts.
News
Makris Group says it’s in talks with lenders for $500m Gold Coast plan
Surging interest rates are failing to dent Makris Group’s ambitions to start work on a $500m expansion of Gold Coast’s Marina Mirage as early as next year.
News
Investors offered entire St Leonards retail precinct for sale
The entire retail precinct within the St Leonards Square development is up for grabs, giving commercial buyers the opportunity to purchase the 2,383 sqm area
Buying & Selling
Site of popular Paddington baker Organic Bread Bar on South Dowling St piques commercial buyer interest
A well known three-storey building in one of the city’s thriving districts, with a passive income of almost $400k is up for sale.
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