Retail

Savvy buyers are gearing up to have a crack at a rare shop front in the heart of the Newtown’s King St.

There are many things to consider when purchasing or developing a mixed-use property.

Ever wonder what happened to the thousands of Pizza Hut restaurants that covered the fast food landscape in the 1970s, ’80s and ’90s?

The SCA Property Group, that owns supermarkets and small shopping centres, has become the latest trust to be slugged by ongoing uncertainty driven by the second wave of the coronavirus in Melbourne.

The uncertainty generated by Melbourne’s second lockdown will drag on the retail landlords exposed to the Victorian capital with many still dealing with outstanding rent disputes from the first lockdown with heavyweight GPT Group warning of a deep impact of the strict regime.

Shopping centre owners have been slammed by the latest clampdown on retail in Victoria with restrictions hitting larger regional shopping malls particularly hard as they rely on discretionary retail and department stores.

The listed BWP Trust, which owns Bunnings warehouses around the country, says it is well positioned for the challenges created by the global COVID-19 pandemic, even as its anchor tenant readies for trade restrictions in Melbourne.

Supermarket giants Coles and Woolworths have introduced new trading hours during Melbourne’s Stage 4 coronavirus restrictions.

Stage 4 restrictions are in place across metropolitan Melbourne as the city attempts to slow the spread of COVID-19.