Shopping Centre

Melbourne’s CBD is headed to a potentially unprecedented shopping spree with two big name retail hubs for sale at the same time.

There was something for everybody on the commercial property market over the past week, with major shopping centres, regional pubs, stunning office conversions and a heritage-listed theatre among the most-viewed properties on Realcommercial. Here are …

Shopping centres are again attracting buyer interest with a ­series of deals in train that will see Lendlease funds sell more than $400m worth of malls and outlets across Australasia change hands.

Property fund managers are snapping up neighbourhood shopping centres that can be repositioned to boost their performance, with Stirling Property Funds targeting The Junction in Newcastle for about $46 million.

The pick up in momentum in the retail property sector in the latter half of 2019 points to a strong year ahead as investment funds continue to look for strategic opportunities, JLL’s Shopping Centre Investment Report says.

German supermarket giant Aldi giant has become the latest company to capitalise on the boom in logistics property deals and has tapped real estate firm JLL to offer a $700m portfolio of warehouses.

Kmart has stunned shoppers in Melbourne’s inner north with the announcement that it will shut its Northcote store after almost 40 years.

Property developers are building kitchens in empty mall space and parking lots to fill food-delivery orders, a new approach in the fast-growing business of shuttling meals to customers.

Mirvac has outlined plans for a dramatic $1 billion revamp of the Harbourside Shopping Centre at Darling Harbour via the NSW government’s controversial unsolicited proposals scheme.