Shopping Centre

The listed Charter Hall Retail REIT has snapped up Arana Hills Plaza and an adjoining Shell petrol station in Brisbane from superannuation fund-backed ISPT for $67.1 million. This article originally appeared on theaustralian.com.au/property.

Investment firms Alceon and CP Retail have sold their northern NSW shopping centre to the RAM Australia Property Fund for $46.25 million, a 60% rise on the purchase price five years ago. This article originally appeared on theaustralian.com.au/property.

Shopping centre giant Vicinity Centre is nearing the end of its plan to sell off $1.5 billion worth of assets, after offloading major stakes in Brisbane’s The Myer Centre and seaside Victorian hub Mornington Central.

Retail landlord Vicinity Centres has ruled out building apartments at Melbourne’s Chadstone Shopping Centre in the near future, but preparations will begin for a new hotel in the next two years. This article originally appeared on theaustralian.com.au/property.

Charter Hall Group has bought Campbelltown Mall in Sydney’s west for $197 million in the biggest individual sub-regional shopping centre sale so far this year.

Big bucks for regional Queensland Woolies, Doughnut Time fills hole in Manly and golf simulator operator tees off in Melbourne’s CBD. MORE NEWS AND DEALS.

Increased competition and sluggish demand has left shopping centre managers feeling bearish, according to a report released today by JLL. This article originally appeared on theaustralian.com.au/property.

Vicinity Centres’ neighbourhood shopping centre sell-off has continued with the sale of Tweed Mall to ASX-listed Elanor Investor Group for more than $81 million.

Perth syndicate Kerching Capital has picked up its third IGA-anchored shopping centre in Queensland, buying Sandstone Village for $10.4 million.