Retail

A local developer has snapped up an amalgamated site in Neutral Bay for more than $1m above the original guide.

Property investment group Charter Hall has paid $65.3 million to add another Bunnings to its collection, buying the hardware retailer’s biggest warehouse on the NSW South Coast.

The original Art Deco facade of a historic Geelong retail building could see the light of day again amid leasing plans for the city landmark.

Two highly-prized suburban supermarkets – a Woolworths and a Coles – have hit the market amid a growing investor appetite for pandemic-proof essential retailers.

Private group Revelop has swooped on the Tramsheds Sydney complex in inner-city Forest Lodge, picking up the centre from developer Mirvac for about $52m.

Essential retailers such as supermarkets are expected to remain high on investors’ shopping lists this year after a rebound in buyer demand for retail assets.

With retailers facing ongoing challenges and uncertainties due to the pandemic, here’s a closer look at how this sector performed in 2021.

Almost two years into the pandemic and the long-awaited recovery of our central business districts is yet to take place. While many retail categories are performing well, conditions remain tough for city retailers, and leasing demand overall is falling away.

The closest thing to a UFO on the Victorian Heritage Register is up for sale in a high-profile Bendigo location.