Retail

Australian retail property sector set to reap the rewards of resiliency, leveraging unique global position for foreign investment boost, reveals Colliers’ research.

IP Generation has acquired a 50% stake in Western Australia’s Rockingham Centre for $180.0m in its latest major shopping centre purchase.

Vicinity has received approval from Brisbane City Council for a city-shaping development that will transform Buranda Village into a modern, mixed-use precinct for the local community to live, work, shop and play.

Schofields Village has been listed for sale, presenting the opportunity to acquire a metropolitan neighbourhood shopping centre that dominates its catchment.

Family development group Horwell Property Investments has purchased Westpoint Shopping Centre in Browns Plains for $46,500,000.

Stonebridge Property Group has been appointed to sell the Woolworths anchored Williams Landing Shopping Centre on behalf of Cedar Woods Properties Limited

A 50% interest in a dominant Major Regional Shopping Centre has been put up for sale. JLL’s Nick Willis and Sam Hatcher have been exclusively appointed on behalf of an AMP Capital managed fund to sell its stake in Stockland Townsville shopping centre, via an International Expressions-of-Interest campaign.

One of the largest strata retail offerings on the blue ribbon East Circular Quay strip has sold for $20.5 million. The team of agents from Colliers and Plus Agency that sold the property is the same that broke three Australian retail records in the past 12 months on earlier Circular Quay transactions.

Australasian real estate funds manager, Centuria Capital Group, has secured the Margaret River Shopping Centre, WA, for $15million, reflecting a 6.47% initial passing yield.

Elanor Investors will be out raising capital for the acquisition of the Riverton Forum shopping centre, in Perth for $98.8 million.

Dexus Wholesale Property Fund (“DWPF” or “the Fund”) announced it has reached conditional agreement for the sale of Deepwater Plaza in Woy Woy for $112 million.

Vicinity today announced its vision to transform Bayside, Victoria into the Mornington Peninsula’s lifestyle destination, connecting retail, business and leisure, with construction now underway on the first stage of the development.

Property investment and development firm Mintus has secured Brisbane’s Beenleigh Marketplace for $85 million as interest in sub-regional shopping centres continues to surge.

HomeCo Daily Needs REIT has secured a 100% interest in Southlands Boulevarde for $92.5m and HomeCo Capital will hold Menai Marketplace, worth $150m, as a seed asst in a new Fund.

Australian property investment group Quanta Investment Funds has closed its third deal in four months, adding a Tasmanian asset to its growing portfolio for $13.5 million