Retail

Greenacre Village Shopping Centre has been listed for sale and is expected to gather significant interest from a range of private, institutional, and offshore investors as freestanding Coles and Woolworths anchored opportunities in Sydney remain scarce.

A recently constructed high-performing Woolworths Shopping Centre in the Illawarra-Shoalhaven region has been snapped up for $40 million prior to its public marketing campaign.

Multi-billion-dollar developer GURNER™ has announced the acquisition of a major 4,651sqm site at 424 – 426 St Kilda Road, Melbourne, with plans to transform the commercial site into 160-180 residences to rival the design and service of Saint Moritz, with a total end value of circa $800 million.

Whiteman Edge Village and an adjoining 1.4723ha town centre development site have been listed for sale, presenting the first opportunity to purchase a Coles anchored centre in the Perth metro area since 2019.

Coles Group Property Developments is moving to sell the strongly performing Huntlee Shopping Centre in the NSW Hunter Region amid strong investor demand for neighbourhood retail assets.

The Hub Westlake, a convenience-based retail shopping centre anchored by SPAR, 6 specialties and a Swim School has been transacted off market by Colliers Harry Dever, Associate Director of Colliers Retail Middle Markets, QLD who sold the Brisbane Metroplitan Neighbourhood Shopping Centre to a private investor, highlighting the ongoing demand for assets underwritten by non-discretionary retail.

Vicinity Centres has sold the Broadmeadows Homemaker Centre in Melbourne for $20 million on the heels of its recent $134.5 million sale of a 50% stake in the neighbouring Broadmeadows Central regional shopping centre.

A regional neighbourhood shopping centre in NSW has sold for $8.9 million to a Sydney-based private investor, as demand for neighbourhood centres with value-add opportunities continues to outstrip supply.

Melbourne’s prime retail strip investment market has passed its latest test for 2023 with flying colours, with an outstanding result achieved for a shop in the heart of strong- performing High Street, Armadale.

Prime strip retail assets in Sydney are attracting strong buyer interest in the current market, evidenced by strong sale results for three properties in the city’s eastern suburbs over the past four months by Knight Frank.

Stonebridge’s September Portfolio comprises 12 premium investments across the Eastern Seaboard, with assets spread throughout the popular sectors of supermarkets, tyre & auto, freestanding retail and fuel & convenience, with leases in place to ASX listed and national tenant groups such as ALDI, Metcash, K-Mart, EG Group, 7-Eleven and Total Tools.

Melbourne’s shopping strips have seen vacancies hit long-term lows, continuing to perform admirably in the face of economic headwinds as they experience an unprecedented period of development, and as we spend more time in our local villages than ever before.

A brand-new ANZ Branch with a complete $1.2 million* tenant-paid fit-out has been brought to market in Melbourne’s desirable metro bayside area, Hampton East, just 14km* from Melbourne CBD.

Collier's Tim McIntosh, Director of Retail Middle Markets, has recently transacted a Dan Murphy's anchored retail investment for $13 million off-market, reflecting a 5.76% yield.

Stonebridge Property Group is pleased to exclusively bring to market the Sunbury Showrooms, a fully leased metropolitan Melbourne large format retail (LFR) centre.