CONSUMERS spent $19.35 billion on household goods, clothing, and at cafes and restaurants in April, according to the latest retailRead more
PLANS to build a large concrete ceiling above the Windsor train station underpass, which would act as a floor toRead more
OWNERSHIP of the $1.5 billion Direct Factory Outlet retail chain is set to change, after its two main backers, David Goldberger and David Weiland, reportedly “assess their holdings.”
The AFR reports the privately owned business wants “to attract new capital” to see it through the next phase of development. But if the price is right, the whole business could be sold outright, possibly to a larger shopping centre developer.
DFO was introduced in Australia 14 years ago in Moorabbin, and now includes eight centres, three homemaker centres and a potential premium shopping centre site, on the former DFO Spencer Street, in the Melbourne CBD.Read more
ETHICAL ice-cream giant Ben & Jerry’s will open its first Australian store in Sydney next month, with plans to have its products available nationally over the next two years.
The 31-year old company will team with Mission Australia to provide training and jobs for prospective employees, and will donate all proceeds from locally developed ice cream flavours to the charity.
Ben & Jerry products are initially expected to appear in about 200 selected delicatessans in Sydney and Melbourne.Read more
ANZ executives were laughing all the way to the bank this week, after a portfolio of 47 national ANZ Bank outlets sold for a combined total of $81.53 million.Read more
DEVELOPER preparedness to construct property without a tenant pre-commitment is spilling into the retail sector, with middleweight developer Omni Property Group this week announcing plans to speculatively develop a bulky goods showroom and gymnasium in Carnegie.Read more
INSTITUTIONS bought half the shopping centres put to the Melbourne market in 2006-07, up from a third of centres bought in 2005-06.Read more
A Singaporean investor has paid $34.1 million on a low passing yield of 5.5% for the Centre Way building onRead more
Private investment company The Baker Group has paid $4.15 million for a busy car wash in Punt Road South Yarra.Read more
Two service station in Melbourne’s eastern suburbs have sold in deals worth more than $9 million.Read more