Shopping Centre

Shopping centre and office landlords were cautiously encouraged by the federal government’s blueprint for rolling back restrictions on retail trading and workplace gatherings, welcoming the prospect of an end to disrupted trading on the horizon.

Retailers around Australia are stepping up store re-openings as major shopping centre landlords prepare to resume full trade despite simmering tensions over rental payments during the crisis threatening to boil over.

A soon-to-be-completed shopping centre was Queensland’s number one commercial property of the week, but it was industrial and warehouses that continued their rise in the sunshine state. Industrial properties occupied three of the top five positions on …

Billions of dollars worth of property could be sold off by major mall owners Scentre, which runs the local Westfield empire, and rival Vicinity Centres, as they battle a permanent fall off in values, Citi has warned.

One of the country’s biggest shopping centre owners, Scentre Group, has unveiled a new contactless drive-through service for its Westfield mall retail tenants at as it strives to keep shoppers coming back amid the pandemic that has turned many malls into ghost towns.

Some of the nation’s largest property developers and owners are concerned that the NSW government’s $440 million commercial and residential tenancy code of conduct could financially hurt big and small landlords.

Australia’s large retail landlords face a harsh fight with their anchor tenants over their lease terms, which are not covered by a new leasing code released by Prime Minister Scott Morrison.

Shopping centre giant Scentre, that runs Westfield centres, has called for retailers in its complexes to open if they can, in the wake of a series of chains and small operators deserting its malls despite the complexes being dubbed an essential service by the federal government.

A Melbourne shopping centre more than 12 months from completion was Realcommercial’s unlikely runaway top property last week, while industrial assets continue to gather steam as online shopping takes hold.