Retail

Locals keen to grab a solid return are investing astutely in these retail centres.

Shopping centre owner Vicinity Centres has taken a $570m hit to the value of its mall portfolio, with most of the pain coming at its CBD complexes.

A private investor has paid $25.1 million for a Woolworths in the Victorian seaside town of Torquay amid strong interest in supermarkets as a “go-to” investment during the coronavirus pandemic.

An eclectic mix of commercial properties drew interest last week, from a warehouse conversion in Melbourne’s inner-west to a billionaire’s refined estate and mansion in the Gold Coast hinterland with a $50 million price tag and a beautiful church in downtown Hobart.

The impacts of the coronavirus pandemic were not uniformly felt across the commercial property market in 2020, with some sectors emerging more resilient than others.

The former Bunnings site in Palmerston in the Northern Territory has sold to a developer for $7.5 million.

Retailers hope strong Christmas trading will push them further along the road to recovery after being hit hard by the coronavirus pandemic.

Industrial and warehouse listings dominated interest in commercial property last week amid a flood of new listings after the festive holiday hiatus.

Imagine if your work commute took less than 60 seconds. That dream would be a reality in one of these six commercial properties for sale with unique residences attached.