Yesterday
- Exclusive
- Dexus
Dexus appeals forced sale of $830m Macquarie Centre stake
Dexus is disputing a court decision that requires one of its managed funds to sell a half stake in the Sydney shopping mall to its co-investors.
- Campbell Kwan
This Month
The $180m mall Woolies liked so much it bought it
Woolworths’ big buy in Sydney’s west shows the price it’s prepared to pay as it jostles with its rivals for the best position in suburbs across the nation.
- Campbell Kwan and Nick Lenaghan
November
The $1.5b housing opportunity at Westfield Hornsby
Seven of Sydney’s transport hubs have been earmarked for fast-track housing development. Mall giant Scentre is an early winner, and says much more can be done.
- Nick Lenaghan
- Exclusive
- Commercial real estate
Dexus circles $830m of malls to catch retail wave
The property giant is on the hunt for a major shopping centre, looking at the likes of Woodgrove mall and a half stake in Erina Fair.
- Campbell Kwan
Rich Lister strikes three with $170 million Adelaide mall deal
After making a fortune in petrol stations, Nick Andrianakos is reinvesting that wealth into the retail revival, with a string of big mall investments.
- Nick Lenaghan
UniSuper, Cbus win right to buy $830m Macquarie Centre stake off Dexus
The superannuation giants had taken Dexus, one of the country’s largest real estate landlords, to court claiming it breached contractual rules and had to sell.
- Campbell Kwan
October
Luxury real estate the bright spot in Europe’s bruised property market
High-net-worth investors and risk-taking private equity firms are pouncing on the opportunity to buy in prime postcodes at historically low prices.
- Jack Sidders
From Birmingham to Britain: Inside Harvey Norman’s new UK beachhead
After two years of planning, the retailer’s chief executive Katie Page will this week open the company’s first store in the country, its boldest expansion yet.
- Hans van Leeuwen
JPMorgan enters Australian payments as competition heats up
The world’s largest bank said it would start offering “merchant acquiring” services in Australia, in the latest threat to major banks’ payments margins.
- James Eyers
QIC to set record $900m mall deal as it embarks on more sell-downs
Queensland Investment Corporation wants to follow up what will be the biggest retail asset sale in Australian history in Blacktown’s Westpoint mall by selling Woodgrove Shopping Centre in Melbourne’s west.
- Campbell Kwan
September
Di Pilla’s $50b funds dream inches closer with major mall deal
If it is finalised, the deal for a stake in the Sydney mall will be a fresh expansion of the rapidly evolving funds platform that went public five years ago.
- Nick Lenaghan and Campbell Kwan
The Hong Kong luxury mall sitting empty as Chinese spending plunges
China’s collapse in high-end spending has shaken confidence in luxury brands globally as companies from LVMH to Richemont and L’Oreal report falling sales.
- Shirley Zhao
August
- Exclusive
- Retail property
Dexus to offload Townsville mall for more than $200m
The looming sale of the Willows Shopping Centre comes amid a noticeable pick-up in deal activity, including from ASX-listed Scentre and Vicinity.
- Larry Schlesinger
Westfield owner Scentre’s mall buying spree not done
Scentre is banking that its strong first-half performance will attract more capital to allow it to buy malls at a time when more of them are for sale.
- Campbell Kwan
July
Haben raising $263m to bankroll QIC’s Westpoint shopping centre buy
Potential investors have been told to expect 6.6 per cent in average annual distributions which would be paid quarterly, and at least 17 per cent pre-tax IRR.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Retail property
Challenger sells Tasmanian mall for record price
The wealth giant has sold Channel Court, which is the largest sub-regional mall south of the Hobart CBD, for $82.5 million.
- Campbell Kwan
June
Scentre’s bargain-hunting lands it $308m stake in Adelaide mall
The Westfield owner has set up a fund with Barrenjoey to buy a half stake in Tea Tree mall, in a deal that was struck at a 12 per cent discount to book value.
- Nick Lenaghan
Why this top 100 CEO goes undercover shopping
Melbourne’s Chadstone shopping centre showcases the very latest in fashion. It’s also a test case for how the big mall owners manage their vast real estate.
- Nick Lenaghan
Restaurants and pickleball in, bookstores out: shopping centres rebound
Shopping malls that survived the purge signed up tenants that would draw more shoppers and give them more reason to linger.
- Joe Gose
Vicinity’s $96m exit at Pilbara mall opens door for syndicator
For Vicinity, the sale is the latest in a run of exits from smaller assets as it looks to drive an ambitious development program at its top malls.
- Campbell Kwan and Nick Lenaghan
