Shopping Centre

Coles, Woolworths, Wesfarmers tenants are among the key attractions to a $60m trio of retail assets listed across regional Victoria.

The shopping centre owner is making one of its biggest moves in the wake of the pandemic, taking control of a major Sydney mall with grand plans for a makeover.

Big malls are moving again and investors are keen to get in while the window is open.

In the biggest retail deal of the year, a Hong Kong private equity house is diving into the shopping mall market and paying a hefty discount to pre-pandemic prices.

Investors have been slugged by interest rate rises but quality centres will perform as syndicators and big institutions chase different market segments.

A popular neighbourhood shopping centre in Brisbane’s southwest has sold to a private investor for $11.46m.

Shopping centres are dragging customers back in and investors are following suit as big malls re-emerge as an attractive asset class.

Hundreds of millions of dollars are spent annually on new attractions to lure the punters into shopping centres and the owners of the former Myer Centre – now called Uptown – are going to splash $500m. But what will they be spending it on?

Big shopping centres withstood the recession in the 1990s and will do so again if tough times return.