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Shopping Centre

Shopping centre industry news, market trends and insights.

St Mary’s Village shopping centre sold to Asian-backed buyer
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St Mary’s Village shopping centre sold to Asian-backed buyer
Property heavyweight Mirvac has benefited from the strong appetite for well-located Sydney shopping centres with its St Marys Village trading for about $68 million to an Asian-backed investor.
Adelaide shopping centre tops $21m on handy yield
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Adelaide shopping centre tops $21m on handy yield
Adelaide’s retail investment market is hotting up after a shopping complex in the city’s north went under the hammer for more than $21 million.
Darwin’s Coolalinga Central nears $95m sale
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Darwin’s Coolalinga Central nears $95m sale
Funds manager M/Group is circling the Coolalinga Central shopping centre that Darwin-based developer Gwelo Developments put on the block in June for about $95 million.
Charter Hall grabs share of two Sydney shopping centres
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Charter Hall grabs share of two Sydney shopping centres
The Charter Hall Retail REIT has snapped up a 20% stake in a $281 million portfolio made up of two Sydney centres anchored by Woolworths, Coles, Aldi and Kmart.
Neighbouring Coles and Kmart stores yours in one fell swoop
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Neighbouring Coles and Kmart stores yours in one fell swoop
The weekly ritual of shopping for family essentials might be all it takes to persuade a cashed-up investor to swoop on a sprawling retail package now up for grabs in Melbourne’s east. 
David Jones plans to shrink stores
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David Jones plans to shrink stores
Major landlords including the owner of the local Westfield empire, Scentre, as well as Vicinity Centres, GPT and Stockland could be exposed as David Jones looks to shrink its store network in Australia.
Ex-Olympian buys $250m Noosa Civic shopping centre
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Ex-Olympian buys $250m Noosa Civic shopping centre
Shopping centres are anything but dead if a $250 million purchase “Mean Machine” swimmer Mark Stockwell has just completed in the Queensland city of Noosa is anything to go by.
Stockland buys up Sydney’s Piccadilly Centre
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Stockland buys up Sydney’s Piccadilly Centre
Stockland will push ahead with plans to overhaul Sydney’s landmark Piccadilly Centre after taking full control of the near $700 million complex and selling off a stake in a nearby $680 million tower.
$1.2bn deal looms for Perth’s Garden City Shopping Centre
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$1.2bn deal looms for Perth’s Garden City Shopping Centre
The under-pressure shopping centre market is about to receive its biggest test in years, with AMP’s funds arm exploring a sale of the $1.2 billion Garden City Shopping Centre south of Perth.
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