Retail

A multi-million-dollar shopping complex with Woolworths as a long-term tenant is expected to attract international investors for its growth potential.

A Melbourne CBD building dubbed a ‘creative hub for vertical artists’ looks to have been saved, after it sold for $80m in a unique deal.

Investors continue to value neighbourhood shopping assets after a portfolio of 16 suburban retail assets located in 10 different Melbourne areas sold for a combined $29.14 million on an average net yield of 2.99% .

Shakespeare Property Group has swooped on a major Surry Hills mixed use holding in a deal worth about $115m in a sign that Sydney’s fringe office market will hold up.

The listed co-owner of Chadstone Shopping Centre has flagged a series of redevelopments around the country that could include office towers, apartments and retail expansions worth close to $3 billion.

Timber and building supplies group Bowens has accelerated its expansion plans to meet demand during the housing construction boom, investing $50 million in its store network.

Despite interest rate rises scaring off some buyers, the Burgess Rawson portfolio auctions proved many are still prepared to pay a premium for essential service assets with long lease terms.

The private Milligan Group has won initial approval for plans to develop a near $2bn skyscraper in the heart of the Sydney CBD.

Five neighbourhood shopping centres have been sold for a combined $180 million, as convenience-based and non-discretionary assets remain highly sought-after by investors.