CBRE poaches Simon Rooney from JLL
CBRE has poached Simon Rooney (pictured, top) from rival JLL. The agent, who markets shopping centres country-wide, will still be
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Asset managers flip Adelaide mall
Greenpool Capital and Qualitas have sold one of two shopping centres co-purchased in 2021, in Adelaide. Local construction boss Richard
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Lendlease, NPP shed southern hemisphere’s largest single storey mall
Fawkner Property is buying Erina Fair – the southern hemisphere’s largest single storey shopping centre. The deal, with Lendlease and
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IP Generation eyes major Brisbane mall
Chris Lock’s IP Generation, since mid-year an arm of MA Financial, is eyeing another land-rich shopping centre, this time in
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Wesfarmers sells six Bunnings stores with leasebacks
Wesfarmers has sold six Bunnings stores with leasebacks as part of plans to wind up the BPI, or BPI No
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JY Group buys another shopping centre stake
JY Group has bought another shopping centre half stake, this time in Sydney’s south west. The interest in Bankstown Central,
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GPT takes hit selling Melbourne mall stake
Petroleum entrepreneur and property investor, Nick Andrianakos, has swooped on another shopping centre stake – this time from The GPT
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Centuria pays $115m for LFR investment
HMC Capital has quietly sold a significant asset from its HomeCo Daily Needs REIT. Logan SuperCentre, until recently known as
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Local brothers snare Luna Park Sydney
Brookfield has sold Luna Park Sydney to Oscars Group, led by local brothers, Bill and Mario Gravanis, which is planning
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Vicinity, Nick Andrianakos trade another mall stake
Vicinity Centres has quietly divested another retail asset – this time in Adelaide’s north. The half stake of Elizabeth City
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Stake in Sydney mall fetches $135.5m
JY Group has added a Northern Beaches shopping centre to its fast growing portfolio. The half stake in Warriewood Square
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Stake in landmark mall sells for discount
Vicinity Centres is on track to divesting some $250 million in assets this financial year, starting with a half-stake in
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Ex-AFL star takes major hit selling “gateway” Melbourne mall
Newmark Capital, directed by ex-AFL player, Chris Langford, has taken a 20 per cent hit selling a prominent Melbourne mall
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Melbourne fund manager buys landmark Queensland mall
Melbourne based fund manager Fawkner Property has added to its Far North Queensland portfolio following an off market deal for
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Hawaiin, QIC trade mall stake
Hawaiin has acquired the half stake it didn’t control of Perth’s Claremont Quarter. QIC was the seller, the off-market deal,
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SCentre, Barrenjoey buy another Adelaide mall stake
SCentre and Barrenjoey Private Capital have teamed again for a stake in an Adelaide shopping centre. The 50 per cent
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Pilbara Coles finds buyer
EXCLUSIVE A Pilbara region Coles – the only full line supermarket within a 275 kilometre radius – has traded between
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SCentre usurps IP Generation for Adelaide mall stake
SCentre has teamed with Barrenjoey Capital Partners for a half stake in Adelaide’s Tea Tree Plaza and adjoining Tea Tree
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Elanor, Vicinity divest Pilbara mall
A triple anchored shopping centre in Western Australia’s Pilbara has sold to Melbourne fund manager Fawkner Property for a touch
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Vicinity snares stake in landmark Perth mall
Vicinity Centres is believed to be in advanced negotiations for a half stake in Perth’s enormous Lakeside Joondalup Shopping Centre,
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Centuria picks up another Mandurah mall
Centuria has snapped up Halls Head Central – its third major shopping centre at Mandurah, 75 kilometres south of Perth.
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Melbourne fund manager scoops up NSW mall
Stockland is selling Chris Lock’s IP Generation a regional New South Wales shopping centre it developed 28 years ago. Worth
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Vicinity sheds another Perth mall
Vicinity is selling another sub regional Perth shopping centre, this time in the north east. Maddington Central is speculated to be
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IP Generation lines up another landmark mall
Melbourne fund manager IP Generation is believed to buying a half stake in Modbury’s Tea Tree Plaza – the largest
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Melbourne fund manager secures another regional mall
Melbourne fund manager Fawkner Property is continuing to boost its regional retail portfolio, this time with another asset from Stockland.
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Hong Kong group buys Roxburgh Park mall
JY Group has purchased Roxburgh Village from Vicinity Centres, with which it co-owns other malls. The 1.14 hectare complex with
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ISPT sells former Broadway on the Mall
ISPT has sold Brisbane’s former Broadway on the Mall, nowadays just known as 170 Queen Street, after 12 years. The
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Melbourne’s GPO for sale as part of $600m portfolio
ISPT has listed Melbourne’s GPO as part of a portfolio also with the neighbouring The Strand, a regional Western Australian
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Lendlease divests Port Macquarie’s biggest mall
Lendlease has offloaded another asset in its open-ended unlisted convenience retail based Sub-Regional Retail Fund. Settlement City, Greater Port Macquarie’s
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Vicinity takes major hit on Perth mall
Four years after listing it with $650 million price hopes and 18 months since a $530m deal to Elanor Investors
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Petrol tsar buys Broadmeadows Central stake
Vicinity has sold a half stake in another mall – this time Broadmeadows Central, in Melbourne’s north. The interest in
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Magid family sell Manly Wharf
Robert Magid has sold Manly Wharf for a speculated $80 million. The unique investment, which the businessman’s TMG Developments repurposed
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Raptis buys Central Coast shopping centre
The Raptis Group has snapped up the Deepwater Plaza, in Woy Woy, from Dexus. The $111 million off-market deal, speculated
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IP Generation settle on its priciest property
IP Generation has settled on its priciest property – the 10 year old Craigieburn Central, north of Melbourne – for
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IP Generation snares mall stake below valuation
Chris Lock’s IP Generation has snapped up a half stake in south west Perth’s Rockingham Centre for $180 million. The
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Mintus picks up Brisbane mall
Mintus has made its first major real estate play since January – picking up the Beenleigh Marketplace, south east of
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HMC, Lendlease trade two malls
HMC Capital – the new name for HomeCo – has purchased two of three shopping centres listed by Lendlease in
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SLMC secures another Victorian shopping centre
A partnership between Sim Lian Group and the listed Metro Holdings Limited, both from Singapore, has snapped up Shepparton Marketplace
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JY, Vicinity team again for mall
JY Group has purchased a half stake in another mall – this time in Sydney’s north west Carlingford. The interest
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Pelligra secures mall in ‘Melbourne’s second city’
Pelligra has acquired another land-rich investment, this time at Dandenong – the town marketed as Melbourne’s second city. Dandenong Plaza,
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Greenpool shops on another mall
Greenpool Capital has purchased its third major retail asset in 17 months, teaming with Savills Investment Management for the Forest
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Elanor lines up c$530m Perth mall
Elanor Investors Group (ENN) is in advanced negotiations for north east Perth’s Midland Gate. The speculated $530 million deal with
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QIC finalises Westfield Helensvale disposal
QIC has finalised the sale of a half stake in Gold Coast’s Westfield Helensvale. Melbourne based IP Generation, led by
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EG, Invesco trade stake in Brisbane mall
EG is paying Invesco $215 million for a half stake in Brisbane’s Grand Plaza shopping centre. The off market deal
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Investors buy Adelaide, Brisbane, Sydney malls
Three metropolitan malls have sold in deals totaling $344.5 million. In Brisbane, YFG Shopping Centres is paying Blackstone subsidiary 151
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AMP snares balance of Macquarie Centre, Pacific Fair
AMP has taken full control of the Gold Coast’s Pacific Fair and Macquarie Centre in Sydney after striking a $760
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Blackstone snaps up Grosvenor Place half stake
Blackstone has snapped up a half stake in Sydney’s Harry Seidler designed Grosvenor Place. The deal – worth $925 million
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QIC offloading Gold Coast mall
IP Generation is speculated to be paying c$200 million for a half stake in both Westfield Helensvale and the neighbouring
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Fawkner picks up another Queensland shopping centre
Fawkner Property has snapped up another shopping centre from Stockland. Stockland Cairns, on 11.13 hectares at Earlville, is costing $146
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Greenpool, Qualitas snap up balance of Runaway Bay
Five weeks after paying Perron Group $128 million for a half stake in Gold Coast’s Runaway Bay Shopping Centre –
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Link acquires three Sydney shopping centres
Link REIT has snapped up three Sydney assets – two years after choosing the city for its first property investment
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JY buys Roselands shopping centre stake
JY Group has paid $167 million for a half-stake in Sydney’s Roselands Shopping Centre. Challenger’s CIP Asset Management was the
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Vicinity acquires Harbour Town stake
Lendlease has sold its half stake in Gold Coast’s Harbour Town shopping centre for $358 million. Vicinity Centres is the
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Greenpool, Qualitas acquire stake in Gold Coast mall
Greenpool Capital and Qualitas have snapped up a half-stake of Gold Coast’s Runaway Bay Centre. The $128 million price reflects
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Link in play for three Sydney shopping centres
Link REIT – Asia’s biggest real estate trust – is in due diligence for a half stake of three Sydney
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Fawkner spends $162.5m on Mackay mall
Fawkner Property is paying $162.5 million for Mackay’s Mount Pleasant Centre. The deal with Vicinity Centres, which manages the asset
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MA picks up Bundaberg shopping centre
MA Financial has purchased another shopping centre, this time in Queensland. Stockland Bundaberg at 115-119 Takalvan Street, Avoca, is costing
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Con Makris sells another Adelaide shopping centre
Con Makris – South Australia’s richest man – has sold another Adelaide retail investment, this time on the coast. The
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QIC lists half-stake of Gold Coast shopping centre
QIC has listed its half stake in Gold Coast’s Helensvale Town Centre. The government owned investment company – which turns
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Makris sells two Adelaide shopping centres
Makris Group, founded by veteran developer and investor Con Makris, has sold two prominent Adelaide retail assets. In the biggest
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Dexus sells Grosvenor Place half-stake to co-owner
Chinese Investment Corporation is paying $925 million for a half share of Sydney’s Harry Seidler designed Grosvenor Place, adjacent to
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Con Makris to bank $200m from City Cross, North Adelaide Village
South Australia’s wealthiest person, Con Makris, is selling two Adelaide shopping centres. Via Makris Group, the Greek Australian property developer
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CBRE and Mark Wizel split after 13 years
EXCLUSIVE In major Melbourne commercial property industry news, CBRE and one its highest profile and biggest billing agents, Mark Wizel,
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Nuveen Real Estate sells stake in Mt Ommaney SC for $285m
Nuveen Real Estate – one of the world’s largest investment houses with funds under management worth A$180 billion – has
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David Jones’ 299 Bourke Street close to sale
David Jones is close to selling its landmark Bourke Street Mall menswear store in the Melbourne CBD. The $121 million
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JP Morgan Asset Management to sell St Collins Lane – formerly known as Australia on Collins
JP Morgan Asset Management is selling its St Collins Lane shopping centre after less than four years. The Melbourne CBD
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Scentre pays $575 million for half-share of Booragoon’s Garden City Shopping Centre – and rebrands it a Westfield
Scentre Group is paying AMP Capital Diversified Property Fund (ADPF) $575 million for a half share, and the management rights,
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Vicinity banks $195.5 million selling Geelong and Brisbane retail assets
CBRE’s newest recruit, star agent Simon Rooney, will be writing up his first commission after selling two non-core retail assets
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Salter Brothers enters Brisbane with $150m NEXT Hotel buy
Salter Brothers is paying $150 million for the NEXT Hotel Brisbane and an adjoining retail complex. Formerly known as SB&G
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GPT lists $150 million Norton Plaza, in Leichhardt
GPT Wholesale Shopping Centre Fund is selling the Norton Plaza, in Leichhardt, about six kilometres west of the Sydney CBD.
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Dexus pays QIC $1.476 billion for high-profile Melbourne CBD corner
Dexus today confirmed it is paying Queensland Investment Corporation Global Real Estate $1.476 billion for four adjoining commercial investments in
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Charter Hall Retail REIT buys Rockdale Plaza for $142 million
Charter Hall Retail REIT is paying $142 million for a major and high-profile shopping centre in Sydney’s south. Rockdale Plaza
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Dexus snares QIC’s Collins Street portfolio for c$1.4 billion
Dexus is paying Queensland Investment Corporation close to $1.4 billion for three neighbouring commercial properties at one of Melbourne’s most
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Charter Hall Retail REIT pays ISPT $74 million for Campbellfield Plaza
Charter Hall Retail REIT is paying $74 million for the Campbellfield Plaza shopping centre in Melbourne’s north. The 17,900 square
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Markham pays LaSalle Investment Managers $125.5 million for King Street Wharf complex
LaSalle Investment Managers has sold the King Street Wharf restaurant precinct, on Sydney’s Darling Harbour, for $125.5 million. The venue
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Vicinity sells Sydney’s Lidcombe Centre for c$145 million
Vicinity Centres has sold Sydney’s Lidcombe Centre retail asset (pictured top and bottom) for about $145 million. The asset, anchored
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ISPT’s Campbellfield Plaza expected to sell for more than $80 million
Industry Superannuation Property Trust can expect to bank more than $80 million from the sale of a major shopping centre
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Altis Property Partners sell two large-format retail centres for a total of $282.4 million
Altis Property Partners has sold two large-format retail assets on Australia’s east coast for a total of $282.4 million. The
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Dee Why Grand SC Sells For $68 Million
DEE Why’s Grand Shopping Centre in Sydney has sold to a private investor for $68 million.
The 10,000 square metre centre, with 30 specialty stores on Sydney’s northern beaches, was offloaded by grocery wholesaler John David and hotel owner the Bayfield family.
Institutions including Charter Hall, Colonial First State, the Future Fund and Lend Lease reportedly threw their hat in the ring for the centre, which sold on a yield of between 7.5 and 8 per cent, based on a fully let income.
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Ownership of $1.5 Billion DFO Retail Chain to Change
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.
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