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Shopping centres


A brutalist 1960s underpass tears through Croydon, right by the Westfield development site.

Why Unibail is building flats at its Westfield malls

An unloved district of south London could showcase Unibail-Rodamco-Westfield’s reinvention from mall owner to full-spectrum urban redeveloper.

  • Hans van Leeuwen

This Month

CEO of Nick Scali Anthony Scali 
 and chairman John Ingram at the AGM on Thursday.

Nick Scali shares climb on AGM update

The retailer joined Beacon Lighting in reporting improving trading momentum in a market where shoppers have largely been shunning bigger ticket items.

  • Carrie LaFrenz
A render image of the recently completed Dickson Village.

Aware shows glimpse of BTR value in $158m village deal

The $160 billion superannuation fund has acquired a newly completed village containing build-to-rent apartments in bid to grow its holdings of the increasingly popular category.

  • Campbell Kwan
URW boss Jean-Marie Tritant unveils the green strategy at a press conference in Paris.

Unibail recruits Aussie tech firm to get mall tenants to net zero

The owner of Westfield’s malls in the northern hemisphere has unveiled an ambitious blueprint to save energy and cut emissions.

  • Hans van Leeuwen


The $40 million site includes a Woolworths, a gym, medical centre, pharmacy and four other specialty tenants. 

Woolworths sells Bomaderry neighbourhood mall for $40m

The $40 million sale of a regional Woolworths supermarket was struck on a 5.43 per cent yield, the sharpest yield for a NSW neighbourhood mall this year.

  • Campbell Kwan
The Midland Gate shopping mall was sold at a 13.8 per cent discount from its 2019 value.

Vicinity-run WA mall sells for less than $500m hopes

Perth’s Midland Gate has been sold to Hong Kong’s PAG for less than $500 million after languishing on the market for 18 months.

  • Campbell Kwan

Mall pain: $115m stake in Townsville mall sold on 11.5pc discount

Along with other commercial properties, malls and their valuations have been battered by the disruption to traditional shopping from e-commerce and by the sharp rise in interest rates.

  • Nick Lenaghan
Westfield in San Francisco is struggling, mirroring the post-pandemic effect gripping the entire city.

Westfield San Francisco mall sued over ‘rampant criminal activity’

A chief concern is that Westfield has stopped maintaining common areas, with “a slow decline in performance” turning to “full neglect”, according to a retailer’s complaint.

  • Updated
  • Aaron Gregg

Major property deals on hold as buyers, sellers face off on prices

Deal flow in office towers, malls and warehouses has slumped to half or less of what it was a year ago. Sellers and buyers are still miles apart.

  • Nick Lenaghan

Big malls languishing on the market – for years

A mismatch between the value expectations of sellers and buyers has left $2.5 billion worth of shopping centres unsold. The dry season may be ending.

  • Campbell Kwan


Retail sales to slide after year of surprising resilience

The shopping centre owner’s new CEO, Peter Huddle, says the company is in a sound position, but inflation and rising interest rates are beginning to bite.

  • Campbell Kwan
Nick Scali CEO Anthony Scali.

Record profits for Nick Scali, but retailer warns of slide in orders

Chief executive Anthony Scali says consumers are “very cautious” and spending on big ticket items such as sofas is under pressure.

  • Carrie LaFrenz


Shoppers in Pitt St Mall in Sydney.

Retail CBD rents are rising for the first time since pandemic

CBD super prime rents across the country, except Melbourne, have increased due to increased tourism numbers and new retailer openings.

  • Campbell Kwan
Unibail is selling out of its portfolio in the US.

Unibail offloads San Diego Westfield as US exit quickens

Unibail is steadily offloading its US portfolio of Westfield malls as it grapples with a heavy debt load.

  • Updated
  • Nick Lenaghan
Brickworks Marketplace shopping centre. Smaller malls focused on non-discretionary are winning interest from investors.

Charter Hall, Telstra Super check out of shopping mall for $85m

The sale of Adelaide’s Brickworks Marketplace for a 5.43 per cent yield comes amid increased interest in individual retail assets and smaller malls.

  • Campbell Kwan


Harvey Norman is facing a more difficult consumer environment.

Harvey Norman warns of major earnings slide as shoppers stop spending

The retailer expects pre-tax profits, excluding the impact of property revaluations, to come in between $637 million and $704 million this year.

  • Carrie LaFrenz
Childcare and other niche A-REIT assets tend to be less cyclical.

‘Better value’ from niche property trusts in volatile times

Unlike large A-REITs that mostly invest in office, industrial and retail assets, these own specialised assets that are less cyclical.

  • Tony Featherstone

Coles sells Melbourne development for $37m

The $37 million sale of a Coles supermarket was struck on a 4.42 per cent yield, only marginally higher than the 4.1 per cent cash rate set by the RBA on Tuesday.

  • Nick Lenaghan

HomeCo malls portfolio rides through rates ruction

The impact of rising rates on the revaluation of an ASX-listed retail real estate portfolio has been more modest than expected, in a potential “read-through” for the broader shopping centre sector.

  • Nick Lenaghan

Rich Lister Nick Andrianakos goes mall shopping, again

The acquisition of a half-stake in Broadmeadows Central consolidates the billionaire’s relationship with ASX-listed Vicinity.

  • Nick Lenaghan