Retail

Discount department stores such as Kmart and Target have boosted sales and customer loyalty during the pandemic and will be rewarded as eastern states emerge from lockdown. As a result, investors are jumping on store listings.

Large format retail stores loom as developers splash nearly $10 million on Armstrong Creek commercial sites.

The Chinese sovereign fund is backing out of the biggest office deal since the pandemic struck, with implications beyond property.

Big shopping centre deals are firmly back on the agenda and the latest wave of deals signals that their values have avoided a deep plunge in the wake of the pandemic.

Local real estate agents could be among the biggest contenders as the Commonwealth Bank sells off its former Highton branch.

Star chef Neil Perry is bringing one of Melbourne’s best bakeries to Sydney, with Baker Bleu signed as an anchor tenant at Fortis’s 2 Guilfoyle Ave project in Double Bay.

The move by a GPT fund to sell Wollongong Central to Sydney-based property funds manager Haben for just over $400m ends its tough run in the NSW city.

Greenpool Capital has teamed with investment firm Qualitas to acquire a half stake in the Gold Coast’s Runaway Bay Shopping Centre from the Perron Group for $128m.

COVID-busting businesses including small retail sites, childcare centres, medical facilities and service stations have powered almost $190 million in auction sales across Australia’s three largest cities.