Centuria acquires c.$70m Sub regional Shopping Centre - CBRE
Halls Head Central sold to Centuria Capital Group expanding its $3.2billion retail assets under management with the c.$70million acquisition. CBRE’s Simon Rooney and James Douglas were the appointed sales agents.
Scone Village Shopping Centre for sale by Colliers
Colliers marketing a Neighbourhood Shopping Centre anchored by a Coles supermarket in NSWs Hunter Valley Region for sale exclusively by Colliers’ agents James Wilson and Ben Wilkinson, with price expectations of $20 million.
Centennial buys stake in Parkstone Funds Management aiming to create $1bn niche retail portfolio
National fund manager and developer Centennial announced its expansion into Australia’s top regional and large format retail sectors after acquiring equity and board representation in neighbourhood and subregional retail centre specialist, Adelaide-based Parkstone Funds Management.
With a total of 332 LFR centres across Australia, the asset class is one of the most tightly held sub-sectors in retail, with a limited number of centres transacting each year says, CBRE Large Format Retail Australia report.
Cushman & Wakefield appoints Noral Wild new CEO for Australia & New Zealand
Cushman & Wakefield, a global leader in real estate services, is proud to announce the appointment of Noral Wild as the new CEO for Australia & New Zealand, effective 1 April 2024.
Why Investing in Australia's convenience retail sector is proving lucrative - Burgess Rawson
Convenience retail is proving to be a lucrative investment avenue in Australia, mirroring shifting consumer preferences and busier lifestyle trends says Burgess Rawson Partner, Jamie Perlinger
Unveiling the Dynamics of the Fast Food Revolution - Burgess Rawson
Burgess Rawson’s latest Fast Food Industry snapshot found that 75% of Australians are now dining out once a month, up from 63.7% in 2019. By Andrew Havig, Partner at Burgess Rawson
Shopping centre investment activity forecast to rise by 50% - CBRE
CBRE’s latest Australian Shopping Centres research report forecasts shopping centre investment will grow by circa 50% between 2023 and 2025 from $4.2 billion to an estimated $6.3 billion.
Hungry Jacks drive through sold for circa $5 million - CBRE
Hungry Jacks Beenleigh sold for $5,120,000 to a local private investor through CBRE’s Harrison Coburn and Nick Kennedy negotiated the sale which represents a yield of 4.68%.
Burgess Rawson first 2024 Auction Event records $66.79 m
Burgess Rawson’s first portfolio event for 2024 was a huge standout reaping in a total of $66.79 million with a success rate of 70.83 per cent. Burgess Rawson CEO, Ingrid Filmer said demand for healthcare was particularly robust with these assets attracting multiple bidders and strong results....