Retail

SCA Property Group are hoping for a strong return to its retail centres as restrictions ease in NSW and VIC.

The strong growth of Devonport is continuing to attract new investment and jobs to propel its progression into the future.

The home of Fantastic Furniture in Ravenhall, next to Caroline Springs, has hit the market through Stonebridge’s Rorey James, Kevin Tong and Nic Hage.

Centuria Capital Group subsidiary, Primewest, has acquired the Woolworths-anchored daily needs retail precinct within Potts Point’s OMNIA mixed-used development for $14.3million on a 5% initial passing yield on behalf of its convenience daily needs institutional retail mandate.

The Lendlease managed Australian Prime Property Fund Retail (APPF Retail) has reached conditional agreement on the sale of its 50% interest in Harbour Town Gold Coast to Vicinity Centres for circa $358.0 million.

Centuria Capital Group subsidiary, Primewest, has secured a $71.2 million shopping centre in Geraldton, a major gateway town in Western Australia, for a single-asset, unlisted closed-ended wholesale fund

Haben Property Group are in final stage due diligence to acquire Wollongong Central from GPT in a $400m deal.

In a world-first, Vicinity Centres has partnered with Wing – an Alphabet company – to pilot a new delivery model, flying goods from shopping centre rooftops directly to Australian customers.

Following a successful pilot in 2020, Westfield has now extended Westfield Direct to all Centres.

The Perron Group have sold a half stake in Runaway Bay Centre for $128m in a deal with Greenpool Capital and Qualitas.

Elanor Investors Group have agreed terms with Blackstone for the acquisition of Warrawong Plaza for $136m.

EG is pleased to announce the acquisition of a multi-let large-format retail complex at 1618 Canterbury Road, Punchbowl, NSW for $28.15 million on behalf of its Private Wealth division

Investor appetite for regional retail assets continues with the Woolworths anchored Sarina Village Shopping Centre transacting for $13 million.

Eastwood Village Shopping Centre in Bairnsdale and West Place Shopping Centre in Churchill sold separately to Sydney based investors on an average yield of 6%.

Stonebridge Property Group and Savills are jointly appointed to market a brand-new Bunnings Warehouse for sale, at Hervey Bay in Queensland’s burgeoning Fraser Coast Region.