Shopping Centre

Shopping centre industry news, market trends and insights.

News
AMP Capital confirmed as $250m Gasworks Plaza buyer
AMP Capital’s flagship property vehicle for retail investors has emerged as the buyer of a Brisbane property worth close to $250 million as it has also completed a deal worth more than $150 million in Sydney. 
News
Coffs Harbour shopping centre an $83m prize
Sydney-based Fort Street Real Estate Capital has snapped up the Toormina Gardens Shopping Centre in Coffs Harbour from the listed Vicinity Centres and Challenger in an $83.3 million deal.
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Myer wins legal battle over Chadstone lease
Billionaire John Gandel and the listed Vicinity Centres have lost a legal battle with department store Myer over rental payments at Melbourne shopping landmark Chadstone.
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Moment of truth nears for Alibaba’s first mall
The retail world is waiting with bated breath as Chinese online retail juggernaut Alibaba prepares to open its first physical shopping centre.
News
Now open: Inside Amazon’s no-checkout store
The future of shopping arrives today, with the opening of the first Amazon Go store in Seattle. Billed as the first retail outlet in the world with no checkouts or registers, the store uses new …
News
Aussie shareholders to pocket record Westfield payout
Australian shareholders in Westfield will ­receive a record cash payout of $7.36 billion when the shopping centre empire is taken over by Europe’s Unibail-Rodamco, new data shows.
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Tweed Hub part of $60m retail sale
Aventus has capped an impressive Christmas period for Australia’s retail property market, selling a shopping centre portfolio in regional Victoria and New South Wales. In a festive season rush, the group offloaded large format centre …
News
Aveo offloads Gasworks Plaza for $248m
Retirement specialist Aveo Group has exited a major commercial property holding, selling the Gasworks Plaza complex in Newstead, Brisbane, to AMP Capital for $248.4 million.
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Buyers see appeal in Queensland shops
A series of Queensland shopping centres have changed hands at very sharp yields, reflecting the healthy demand for centres expected to stare down Amazon and continue to produce steady returns.
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