Shopping Centre

Shopping centre industry news, market trends and insights.

News
Shopping centres launch food fight against Amazon
Landlords are adding so many new eateries to shopping malls to draw customers away from online shopping platforms such as Amazon that they are creating competition for existing operators, a JLL report found. Tenant inquiry …
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$280m price tag: Lidcombe, Leopold malls on block
A wholesale fund run by Vicinity Centres has put two major shopping centres on the block for more than $280 million as it winds back its funds management ambitions and focuses on its balance sheet assets.
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Woolies, Dan Murphy’s key to Bellarine Village sale
Dual anchor tenants Woolworths and Dan Murphy’s are expected to create interest in Bellarine Village Shopping Centre, which has been listed for sale.
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Axiom to offload half of Adelaide shopping centre
Listed developer Axiom Properties is selling its half-stake in the Churchill Centre North shopping centre in Adelaide’s northern suburbs for $42.5 million but will keep some exposure to the property.
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Westfield takeover wins government approval
French shopping centre giant Unibail-Rodamco’s $30 billion takeover bid for Westfield’s international shopping centre empire has received the green light from federal Treasurer Scott Morrison, as heavyweight offshore fund managers say a rival bid is unlikely to emerge for the Frank Lowy-led mall empire.
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Supermarkets snapped up on record yields
Buyers are snapping up neighbourhood shopping centres around the country, chasing yield and defying the gloom facing the retail sector. Cautious consumers and a trend to online shopping have challenged the retail sector more broadly, …
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H&M to open new store at Stockland Green Hills
Global fashion giant H&M is spreading its wings into East Maitland, with the chain to open a major store at the new Stockland Green Hills shopping centre.
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Australia’s newest mega-malls revealed
Three of the country’s biggest landlords are backing bricks-and-mortar retail with new or overhauled shopping centres to open in Queensland, NSW and Western Australia.
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$120m: Geelong shopping centre triples space, quintuples price
Leopold’s Gateway Plaza shopping centre is expected to attract buyer interest around $120 million after it went on the market. A year after completing an $85 million expansion, the owners of the shopping complex managed by …
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