Shopping Centre

Some of Melbourne’s wealthiest families are expected to take part in a more than $175m “recession proof” shopping centre shopping spree.

Two development sites once slated for a luxury residential project at up to 45 levels are for sale again after the death of the proponent.

Known for its luxury shopping, high-end restaurants, and its A-list location adjacent to the Sheraton and Palazzo Versace on Main Beach, Marina Mirage was conceptualised as a must-see for cashed-up tourists when it was first opened in September 1988.

Shopping centres in Australia are undergoing a fundamental transformation as they continue to fight against the digital retail revolution and the consequences of Covid lockdowns – and the future looks almost unrecognisable. Demonstrating a remarkable …

A run of big mall sales shows that investors are following the rush of shoppers back to top centres.

Neighbourhood shopping centres are still trading at a brisk pace with big players like Woolworths and Charter Hall cashing in on the strong market.

The flagship wholesale fund run by Dexus is selling the Shepparton Marketplace in regional Victoria to Singapore private real estate fund management business Sim Lian-Metro Capital for $88.1m.

The acquisition provides JY Group with a property portfolio worth close to $1.8bn.

The tough economic environment for commercial property has claimed yet another deal with Queensland businessman Don O’Rorke’s Consolidated Properties Group and funds house CVS Lane Capital Partners pulling a $500m mall portfolio off the market.