Shopping Centre

Shopping centre industry news, market trends and insights.

Struggling Rivers, Millers stores given 20% rent reduction
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Struggling Rivers, Millers stores given 20% rent reduction
Specialty Fashion Group is believed to have struck a deal with one of its landlords, Scentre Group, after the owner of Australian Westfield-branded shopping malls is said to have agreed to lower the retailer’s rents …
Croydon, Bacchus Marsh shopping centres to fetch $90m
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Croydon, Bacchus Marsh shopping centres to fetch $90m
Two Victorian shopping centres have hit the market and are tipped to fetch about $90m.
Owner chasing $500m for Wollongong Central
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Owner chasing $500m for Wollongong Central
Unlisted GPT Wholesale Shopping Centre Fund is looking to sell Wollongong Central, together with the rights to manage the CBD centre, in a play that could reap about $500 million.
AMP Capital confirmed as $250m Gasworks Plaza buyer
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AMP Capital confirmed as $250m Gasworks Plaza buyer
AMP Capital’s flagship property vehicle for retail investors has emerged as the buyer of a Brisbane property worth close to $250 million as it has also completed a deal worth more than $150 million in Sydney. 
Coffs Harbour shopping centre an $83m prize
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Coffs Harbour shopping centre an $83m prize
Sydney-based Fort Street Real Estate Capital has snapped up the Toormina Gardens Shopping Centre in Coffs Harbour from the listed Vicinity Centres and Challenger in an $83.3 million deal.
Myer wins legal battle over Chadstone lease
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Myer wins legal battle over Chadstone lease
Billionaire John Gandel and the listed Vicinity Centres have lost a legal battle with department store Myer over rental payments at Melbourne shopping landmark Chadstone.
Moment of truth nears for Alibaba’s first mall
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Moment of truth nears for Alibaba’s first mall
The retail world is waiting with bated breath as Chinese online retail juggernaut Alibaba prepares to open its first physical shopping centre.
Now open: Inside Amazon’s no-checkout store
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Now open: Inside Amazon’s no-checkout store
The future of shopping arrives today, with the opening of the first Amazon Go store in Seattle. Billed as the first retail outlet in the world with no checkouts or registers, the store uses new …
Aussie shareholders to pocket record Westfield payout
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Aussie shareholders to pocket record Westfield payout
Australian shareholders in Westfield will ­receive a record cash payout of $7.36 billion when the shopping centre empire is taken over by Europe’s Unibail-Rodamco, new data shows.
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