Shopping Centre

The heavyweight Scentre Group has swooped on a half-stake in Westfield Eastgardens, buying it from the private Terrace Tower Group for $720 million in a deal that defies predictions of a slump in shopping centre values.

Tucked in between shops of a slightly older vintage, Adwill Place is worthy of the title of a North Ryde landmark.

A Queensland country shopping centre is set for a major facelift after being snapped up by a leading retail developer, for a cool $27.5 million.

David Jones chief executive David Thomas admits retail can be a brutal game but he is banking on cashed-up locals backing his grand plans for the chain’s $200 million redevelopment of its flagship Elizabeth St …

Mornington Village shopping centre has been snapped up for just shy of $40 million.

Retail investors have spent nearly $200 million buying up major shopping centres in the Geelong region in the past five months as the region rides a residential development boom.

The Glen shopping centre’s roof will be turned into a 4000sq m garden as part of a $450 million apartment development.

Listed retail landlord Vicinity Centres is set to sell up to $1 billion of smaller shopping centres as the group unveils a strategy of focusing on flagship destination assets.

Regional shopping centres offering premium services and local neighbourhood complexes that are very convenient are dominating asset trading this year.