Shopping Centre

Listed mall landlord Vicinity Centres is tackling the threat of Amazon by remixing centres away from mid-level women’s ­apparel to eateries and also ­expects department stores in its malls to shrink in the future. 

It is shaping up as the year of the mega deal for top shopping centres, after mall landlord Vicinity Centres and Singapore’s sovereign wealth fund GIC agreed to swap assets worth a combined $1.1 billion.

The Chester Square Shopping Centre in Sydney’s southwest has been sold by a Smorgon family-linked company for $68.5 million on one of the tightest ever yields at which a neighbourhood shopping centre has traded.

Retail landlords may need to ramp up spending on their malls to ensure they can keep anchor tenants that are considering closing stores amid a struggling retail environment, according to Macquarie analysts.

The declines in department store and discount department store sales could accelerate and hit major listed landlords Scentre Group and Vicinity Centres hard if this country follows the path of the United States, according to Macquarie Equities.

AMP Capital is looking to stamp its authority on Brisbane’s retail property market with the purchase of a $1 billion stake in the Indooroopilly Shopping Centre.

If investors are as hungry as the customers at this strip of shops in Townsville, there’ll be plenty of potential buyers ready to put it on their menu. The retail hub, which has eight shops …

West Australian-based syndicator Properties & Pathways has expanded its Queensland holdings by snapping up a large format retail centre in Townsville for $16 million as retail transactions in the state jump.

Grocery giant Coles will hope its “down, down” jingle works in reverse as it takes one its key Geelong assets to market this week.