Today
- Exclusive
- Unibail-Rodamco-Westfield
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
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
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
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
September
- Exclusive
- Retail property
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
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 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
August
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
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
July
- Exclusive
- Retail property
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 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
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
June
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
‘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
