Shopping Centre

Shopping centres in Australia are undergoing a fundamental transformation as they continue to fight against the digital retail revolution and the consequences of Covid lockdowns – and the future looks almost unrecognisable. Demonstrating a remarkable …

A run of big mall sales shows that investors are following the rush of shoppers back to top centres.

Neighbourhood shopping centres are still trading at a brisk pace with big players like Woolworths and Charter Hall cashing in on the strong market.

The flagship wholesale fund run by Dexus is selling the Shepparton Marketplace in regional Victoria to Singapore private real estate fund management business Sim Lian-Metro Capital for $88.1m.

The acquisition provides JY Group with a property portfolio worth close to $1.8bn.

The tough economic environment for commercial property has claimed yet another deal with Queensland businessman Don O’Rorke’s Consolidated Properties Group and funds house CVS Lane Capital Partners pulling a $500m mall portfolio off the market.

A 50% stake in the Sunshine Marketplace shopping centre has hit the market with private investors, developers and syndicators tipped to be among those vying for a share in the retail property.

Having proven their worth during the pandemic, neighbourhood shopping centres remain in hot demand from investors as interest rates and inflation soar.

The highly profitable St Ives Shopping Village – one of the nation’s best performing – is for sale for the first time in 36 years.