Retail

South-west Sydney's largest homemaker hub has a new owner after being purchased for over $300 million by international investor LaSalle Investment Management.

A partnership between Sim Lian Group and the listed Metro Holdings Limited, both from Singapore, has snapped up Shepparton Marketplace for $88.1 million.

Lendlease and Revelop have today announced the Development Application approval for the circa $50 million Calderwood Village, located in Lendlease’s $380 million masterplanned community in the Illawarra.

A private investor has purchased Ormeau Marketplace in South East Queensland from regional fund manager Clarence Property for $34 million.

Hong Kong-based JY Group has defied the gloom to expand its Australian shopping centre portfolio with the $120.5m acquisition of a 50 per cent stake in Sydney’s Carlingford Court.

A flaghip South Yarra icon has sold under the hammer for $16.2 million at one of the most anticipated commercial retail auctions in Melbourne this year.

Landmark Sydney building Quay Quarter Tower (QQT) has locked in new food, beverage and services leases across its retail podium ahead of its official late-2022 opening.

Retail development and investment group, Spectrum Retail, has received DA approval for its $15 million brand-new convenience centre in New South Wales’ Bathurst – set to deliver new food and convenience offerings to the region and facilitating a significant boost towards local employment, generating over 500 jobs.

Chadstone – The Fashion Capital today unveiled its brand new entertainment and dining precinct, The Social Quarter, which is on track to open this summer. The $71 million project spans more than 10,350 square metres of new area and accommodates a collection of 18 entertainment and sophisticated dining experiences. The vibrant 'all seasons playgrond' setting has been designed to suit any occasion, whether it be a date night, an after work catch-up or a mid-week family celebration. We are proud to be adding something unique to Chadstone with the launch of The Social Quarter. With the breadth of entertainment and dining options on offer, the first-of-its-kind precinct is a place where, no matter your age, the hour of the day, or the time of the year, you’ll find a destination that encourages play and celebration. Carolyn Viney Vicinity Centres Chief Development Officer The Social Quarter at Chadstone is set to open this summer and will welcome six new dining retailers: Cinque Terre, Cityfields, Piccolina Gelateria, White + Wong’s, Sardine Bar, and UA Brewing Co. including an onsite brewery producing sustainable craft beer exclusively for The Social Quarter. Four new entertainment brands – Archie Brothers, Strike Bowling, Holey Moley and Hijinx Hotel – will complement the new restaurants as well as Chadstone’s LEGOLAND Discovery Centre and HOYTS 13 screen cinema complex. Four new entertainment brands – Archie Brothers, Strike Bowling, Holey Moley and Hijinx Hotel – will complement the new restaurants. Credit: Vicinity Centres Download We’re excited to be able to welcome visitors to enjoy high-end restaurants with spectacular views across Melbourne to the CBD and views to the sky through the state of the art louvred glass roof made up of 468 individually glazed pieces. The Social Quarter will also showcase a new integrated art facade which envelopes the multi-deck car park in this part of the Centre. Carolyn Viney Vicinity Centres Chief Development Officer Sustainably designed in collaboration with leading architects Jackson Clements Burrows (JCB), Buchan, Decibel and Lat Studios, The Social Quarter at Chadstone brings together lush outdoor spaces and green landscapes. Targeting a 5 Star Green Star rating under the new Green Star Buildings Tool, the precinct has 199KW Solar Photovoltaic (PV) and will bolster the precinct’s building energy performance by more than 30 percent. “We are also happy to announce that The Social Quarter development has created more than 250 new jobs during construction with another 370 roles to be on offer once completed,” Ms Viney said. The Social Quarter will be open late, cementing Chadstone as a destination for domestic and international visitors less than 20 kilometres from Melbourne’s CBD.

A modern retail, medical and fuel complex in Flagstone, 50km south-west of Brisbane, has been sold for $25.35million demonstrating the ongoing strong demand for daily needs assets.

The heritage listed ‘Mates Centre’ in Albury has changed hands for close to $17m, with a Melbourne family surfacing as the successful buyer.

The battle for control of some of AMP Capital's prime Shopping Centre assets continue with CBUS and UniSuper electing their own manager.

A 50% interest in the dominant Sunshine Marketplace shopping centre in Melbourne’s inner west growth corridor has been put up for sale.

Following a highly competitive on-market campaign, the Dan Murphy’s in Malvern has sold to a private Melbourne family for $21.1 million, on yield of 3.45% - reflecting the sharpest yield for a Dan Murphy’s nationally in over 5 years.

Queensland’s premier large format and daily needs centre, Homeworld Helensvale, has sold for $265 million.