Shopping Centre

Shopping centre industry news, market trends and insights.

Myer weighs up downsizing 15 stores
Under-pressure department store Myer could seek to hand back space at 15 shopping centres over the next four years, according an analysis by investment bank UBS.
Perth’s Midland Gate joins shopping centre selloff
Listed retail property group Vicinity Centres has added to the pile of shopping centres on the block, with an estimated $11 billion worth already up for grabs, by putting Perth’s Midland Gate shopping centre up for sale for about $650 million.
Ex-AFL player begins build at Armstrong Creek shopping centre
A $60 million shopping centre project is the first step to creating the Armstrong Creek Town Centre, which will become the retail, leisure and entertainment hub of Geelong’s south, developer Andrew Welsh says.
Sydney’s Central Park offers retail section for $170m
Singapore’s Frasers Property Australia and Japan’s Sekisui House are looking to defy gloom in the retail property market by selling the retail component of their $2 billion mixed-use Central Park development in Sydney.
Liverpool shops change hands after 50 years
A tightly held retail precinct in the Liverpool region has sold for a whopping $17.3 million.
Half-stake up for grabs at Adelaide’s Westfield Marion
Lendlease’s flagship Australian shopping centre fund is dealing with hefty redemption requests by offering up a half-stake in the $1.5 billion Westfield Marion shopping centre in Adelaide.
Sydney’s Rockdale Plaza defies retail gloom with $142m sale
Charter Hall’s listed retail trust has snapped up Rockdale Plaza in Sydney’s south for $142 million and tapped the market for $150 million as investors back the future of well-located retail centres that can survive the onslaught of e-commerce.
Top shopping centres defy retail gloom
The top echelons of Australian shopping centres are defying the retail gloom, producing strong growth sales in the face of an industry-wide slump driven by sluggish department store sales and the collapse of a series of fashion retailers.
Stockland sells off two Brisbane shopping centres
Diversified property group Stockland has offloaded two Queensland shopping centres for $143 million as it pushes ahead with plans to sell off about $400 million worth of retail assets.
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