Shopping Centre

Private equity giant Blackstone is readying to carve off the first element of its $3 billion retail property empire in Australia after winning the asset management arm of investment bank Moelis as the suitor for Figtree Grove in a deal worth more than $200 million.

Australians’ move from suburban houses into apartment blocks will drive demand for “destination” malls that offer entertainment and spaces for social interaction as well as shopping, according to retail landlord Vicinity Centres.

The economic outlook, impact of fuel prices on consumer spending and the threat of online retailing remain among the top concerns for shopping centre managers, JLL has found.

Sydney’s historic Queen Victoria Building will be reinvented as an international and luxury shopping destination as its owners, the listed Vicinity Centres and Singapore’s sovereign wealth fund, tap into rising Asian tourism and the shift to premium goods.

Global fashion giants Uniqlo and H&M have opened their newest doors at Melbourne’s The Glen, as the shopping centre lifts the veil on the latest stage of its $460 million redevelopment. Uniqlo and H&M were …

Drysdale’s main shopping centre has hit the market as investors in major retail assets warm to the region’s strong returns and population growth. 

A local family has put its Yarra Junction investment property on the market, and the sale could fetch them a whopping $20 million. 

The Future Fund is poised to exit about $850 million worth of retail property investments in Perth and on the Gold Coast as it capitalises its early moves in the sector made in the wake of the global financial crisis.

Properties with leases to major supermarket chains are about as prime as it gets in the commercial property market.