Shopping Centre

A former forklift driver turned billionaire has stumped up $385m for a half stake in one of Melbourne’s biggest shopping plazas in the largest retail real estate transaction since before the pandemic.

Neighbourhood shopping centres are back in vogue and big players are cashing out.

Centennial and retail joint venture partner Parkstone are on the road to having a $1bn retail portfolio.

Tycoon Nick Andrianakos has struck another property bargain, snapping up a half interest in Melbourne’s sprawling Northland Shopping Centre, in a bet on the area’s long term prospects.

As thousands flock to the city’s shopping meccas like the Block Arcade, Chadstone and Kath & Kim’s favourite retail spot, Fountain Gate, have you wondered who actually owns them and how much they’re worth?

Listed groups headed by Dexus, GPT and HMC Capital are leading the charge back into buying large shopping centres.

The Melbourne-based Stockdale family is looking to sell their Centrepoint shopping centre in Surfers Paradise. THE DETAILS

The private Perron Group is negotiating to sell stakes in two of its largest Perth shopping centres to the listed GPT in one of its largest property exits since the death of its founder.

Retail properties are now changing hands at a more rapid clip as the window to pick up assets is closing.