Shopping Centre

Stockland is looking to pick up the pace of its asset sales program and has sold Tooronga Village Shopping Centre, in the Melbourne suburb of Glen Iris, to funds group Newmark Capital for close to $63 million.

Fund manager Australian Unity has offloaded its half-stake in a $300 million shopping centre in the regional Victorian centre of Geelong, helping cut into the estimated $11 billion worth of shopping centres on the market.

Cromwell Property Group’s dramatic overhaul of its portfolio is continuing with the group eyeing off the purchase of the $250 million Rundle Place retail property in the heart of Adelaide.

Diversified property group Stockland is at the heart of two property plays in Sydney’s central business district, with a sale of its half interest in the $700 million 135 King St and Glasshouse complex to the Investa fund that co-owns the complex imminent.

Changes are coming for Leichhardt’s largest shopping centre following its owners putting the property up for sale.

The way consumers engage with shopping centres is set to evolve as mall giant Scentre Group commits to integrating new technologies following its latest deal with Uber.

Strong demand for Australian shopping malls in key city locations has been put on clear display as the contest for Central Park in inner Sydney comes to a head.

A bustling retail precinct in the heart of Sydney’s south west has sold for a staggering $85.3 million.

Foreign investors have splurged more than $1 billion on developments across Melbourne’s east during the last five years, according to new research.