Retail

Sellers of Perth CBD’s London Court have been swamped by enquiries after the precinct was listed for sale for the first time in 70 years.

The expectation that it could be several years before Australia sees inbound tourism back at pre-pandemic levels could lead some luxury retailers to reduce their physical footprint over the next 12 months and beyond.

Property funds group Charter Hall has swooped on a major logistics portfolio, picking up a 25-strong warehouse network from the Smith family’s PFD Food Services, in which Woolworths is taking a controlling stake.

Property major the GPT Group says it is recovering in the wake of the coronavirus crisis, with earnings bouncing back.

Woolworths is making a $100 million bet on a new hi-tech robotic warehouse in Sydney’s west to turbocharge its home delivery business.

Melbourne-based RMIT University has offloaded a major city building in the heart of the Melbourne CBD as part of a $200 million-plus repositioning play driven by funds manager Futuro Capital.

An iconic business – the oldest bookstore in Coolangatta – is for sale for just $40,000 and the owner’s throwing in $90,000 worth of vintage books for free.

Prime retail space in Pakington Street and Ormond Road are set to attract plenty of attention from buyers.

Property investment manager Newmark Capital is on the hunt for more large format retail assets after snapping up its sixth Bunnings Warehouse for $75 million.