Shopping Centre

Investors are expected to descend on Victorian tourist mecca the Yarra Valley, after neighbourhood shopping centre Healesville Walk was listed for sale.

Shopping centre owner SCA Property Group has booked a $184.7 million net profit for 2016, and forecast that retail sales are expected to remain strong over the next year. This article originally appeared on theaustralian.com.au/property.

The country’s commercial property executives are becoming more bearish, with a National Australia Bank survey showing sentiment has fallen to its lowest level in two years. This article originally appeared on theaustralian.com.au/property.

Asian interest in Queensland’s retail property market is continuing to heat up, with Asian investors acquiring a pair of Woolworths-anchored shopping centres.

Retail investors spent almost $10 billion acquiring new assets during the last financial year – eclipsing the five-year average by almost $3 billion.

Chinese investors have acquired the Central Park Shopping Centre in Brisbane’s southern suburb of at Calamvale, amid continued strong buyer demand for retail investment opportunities.

Shopping is a favourite Australian national pastime and shopping centres are a key factor in economic health. But who owns and manages them?

Scentre Group has splashed out $600 million to lift its stake in a $6.6 billion slab of four shopping centres, sparking renewed interest in the retail property heavyweight undertaking an equity raising. This article originally appeared on theaustralian.com.au/property.

Vicinity Centres has stepped up its asset sale program, appointing a slew of top agents to sell a $250 million subregional and neighbourhood centre portfolio. This article originally appeared on theaustralian.com.au/property.