Shopping Centre

A major shopping precinct in western Sydney has changed hands for almost $25 million. 

The Future Fund is looking to ­reduce its exposure to Perth’s strongly performing retail market through the offer of its stake in the $1.2 billion Lakeside Joondalup Shopping City.

Western Australia’s first Direct Factory Outlet will open in four weeks.

Mall owner Scentre Group said it was on target to increase funds from operations by around 4% this fiscal year, after reporting an improved half-year net profit driven by valuation gains on its property portfolio. 

A new Penrith shopping centre anchored by both Woolworths and Aldi supermarkets is up for grabs, with agents expecting it to sell for around $45 million. Cranebrook Village, which was recently completed at Cranebrook, in …

The listed SCA Property Group has snapped up the Sturt Mall in the NSW regional centre of Wagga Wagga from the Dexus Wholesale Property Fund for $73 million.

Listed shopping centre giant Vicinity Centres has sold Flinders Square in Western Australia for $39.5 million as it shifts focus to larger properties and chases mixed-use opportunities.

Corio Central is set to become the region’s most expensive shopping centre to sell in a year when almost $200 million worth of assets has already changed hands.

Retail landlord Vicinity Centres has unveiled a $147 million lift in the value of its shopping centre portfolio, with its largest assets, including Emporium Melbourne, leading the way.