Retail

Your dreams of owning an ice cream shop could now be a reality, with a prime retail site on Manly Beach which is home to a Ben & Jerry’s store coming up for sale.

Property developer Con Makris has continued his exodus from the Adelaide property market, selling two prominent shopping centres for $110 million.

While residential purchases are often judged on how they look, commercial property transactions are driven by more practical considerations.

Coles Group is selling one of its supermarkets in a Victorian tree-change town as the coronavirus pandemic increases the already-strong investor appetite for standalone supermarkets.

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.