Australian Property Markets News’ Post

Figtree Grove Shopping Centre sold for $192 million by JLL Figtree Grove Shopping Centre, a premier sub-regional shopping centre in Wollongong sold, brokered by Nick Willis and Sam Hatcher from JLL on behalf of MA Financial Group & Paragon REIT. Nick Willis, Senior Director at JLL said “The depth and diversity of investor engagement in this opportunity is a clear indicator of the resurgence in retail and sub-regional sector specifically. Figtree Grove's strong and unique weighting to a non-discretionary tenancy mix was a key fundamental that attracted investors who are seeking resilient, future-proof assets.” JLL’s Head of Retail Investments, Sam Hatcher said “Figtree Grove's exceptional performance and unique positioning in the market drove significant investor interest. The short-term nature of major tenancy leases presents a unique opportunity for the incoming owner to reposition and enhance the asset over the long term.” Read more on COMMO > https://lnkd.in/gdsGRE58 Stuart Taylor Sam Linden Nathan Lin Phoebe Cooney Hannah Brisbane Sebastian Fahey David Mahood Tom Noonan Jarrod Herscu Dominic McGrath Jacob Swan Ned McKendry Will Morris Liam Cox Kate Low Stuart Crow Todd Lauchlan Daniel Kernaghan Andrew Peck John Garrett Brad Couper Rodney Norris James Collins Anthony O'Hea Henry Bradley RETalk Asia JLL APAC Retail #retail #shoppingcentresold #shoppingcentre #wollongong #sold #nswinvestment #figtreegrove #retailinvestment #retailrealestate #retailproperty #jll #jllaus #MAfinancialGroup

The risks and benefits of investing in Perth's shopping centres are similar to Sydney and Melbourne, yet you're more likely to achieve higher returns. Is it any wonder investors are clamouring over WA retail? Read more insights from JLL's Sean Flynn: https://co.jll/4f2qKuu #JLLAus #Retailinvestment #JLLcapitalmarkets #JLLprivatewealth

🚀 British Land's Retail Park Strategy Pays Off 🚀 Simon Carter, CEO of British Land, highlights the strong performance of the company’s retail park investments. In its latest report, British Land made £456m in non-core disposals and invested £711m into retail parks. 🏙 🚀 The strategy is proving effective, with a 99% occupancy rate and a 5.1% increase in portfolio valuation since April. ⚡ The focus on retail parks reflects British Land’s confidence in this asset class as a key driver of growth and resilience ⚡ #BritishLand #RealEstate #RetailParks #Investment #BusinessGrowth

QIC announces plans to sell its half share in Perth’s landmark Claremont Quarter - CBRE and McVay Real Estate   The campaign follows circa $1.2bn in major shopping centre sales since the start of 2023, with an additional $1bn of transactions currently in play, including Lakeside Joondalup (50%) and Westfield Whitford City, both in Western Australia.   CBRE’s Pacific Head of Retail Capital Markets Simon Rooney and McVay Real Estate’s Sam McVay have been jointly appointed to steer the sale process for Claremont Quarter amid heightened interest in Australian shopping centre investment opportunities.   Claremont Quarter is jointly owned by QIC and Hawaiian. It is positioned approximately 9km south-west of the Perth CBD, in what is considered one of the city’s most prestigious suburbs, on a landmark 2.7ha site.   CBRE’s Simon Rooney said, “The WA retail market has robust underlying fundamentals, benefiting from population growth, booming commodity prices, strong residential value growth, higher levels of disposable income compared to the national average and a relatively affordable cost of living – all drivers for retail demand.”   Mr Sam McVay noted that the centre was set to benefit from the recently commenced Claremont Quarter Laneway project which marked a significant milestone for the asset.   “Once complete, the reimagined Laneway will deliver an engaging dining precinct with elevated food and beverage offerings. This is line with the Town of Claremont’s broader vision for the area and will strengthen the suburb’s position as a destination for shopping, restaurants, bars, nightlife attractions and community events,” Mr Dan McVay said. Read more on COMMO linked below: https://lnkd.in/gMRvuw3K CBRE Asia Pacific Hawaiian Michael Hedger Greg Hyland Joe Tynan James Douglas Mikaela O'Farrell Sheree Griff Dan McVay Glenn Bechtel Leif Olson Shannon Gale Brock McDermott Thomas Craig Rob Sewell Lynne Hale Dan McVay Aaron Desange Andrew Beehag Phillip Arbon Tim Young Kelsie Smith #qic #cbre #mcvayre #retailrealestate #retailinvestment #retailproperty #shoppingcentre #perthre #perthproperty

Investors are increasingly turning to charity-backed retail assets for reliable, high-quality investments with strong credibility. Properties leased to these organisations are becoming highly sought-after thanks to their stable income streams and strong investment performance, along with their alignment with the growing popularity of vintage shopping. Beyond the financial benefits, these tenants contribute positively to local communities, enhancing their appeal to socially conscious investors who value both profit and purpose. This blend of stability and community impact is seeing these properties achieve record strong returns, positioning charity-backed retail as a standout investment choice. Illustrating the appeal of this asset class, the St Vincent de Paul store in Australind, Western Australia, has already sold ahead of our October P172 Investment Portfolio Auction. Generating similar interest, the Salvation Army Australia in Berrinba, Queensland, located within the Berrinba Central, and the fully leased, strategically positioned Brown’s Plains retail centre will be auctioned at The Hilton in Brisbane on Thursday, 31 October 2024. Burgess Rawson is proud to present additional premium retail investment opportunities featuring distinguished and renowned tenants. Don’t miss out, register now, and secure your chance to bid before it's too late. To register to bid, see here: https://loom.ly/n0lmEF8 To view our current retail opportunities, see here: https://loom.ly/WCmlc3U For more information on the sale of the Vinnies property, see here: https://loom.ly/EUgMGxw #BurgessRawson #CommercialRealEstate #CommercialProperty #Property #Investment #InvestmentProperty #realestate #sales #wealth #investor #Vinnies #SalvationArmy #Aus

Here’s your Thursday round-up of the latest news and views from EG. First up, a Lewisham double-bill from south-east London. 🏢 Amro Partners has acquired Lewisham Retail Park for a £400m scheme providing 1,000 rental homes. The site, previously owned by Legal & General, is one of the final major pieces of the 20-year Lewisham regeneration plan. 🛍 We also have an interview with the LandsecU+I team behind the proposed redevelopment of Lewisham Shopping Centre. The company just launched a new consultation over the plans, with a focus on encouraging younger residents to come forward and share their views on what the town centre needs. “This is a 10-year build at least once we’ve got planning permission,” says development director Jon Watson. “If you had to pick a group for such a long-scale town centre regen, it has to be young people.” 🌆 There’s a (fl)exclusive from London’s Square Mile, as Brookfield Properties signs flex workspace operator The Instant Group to run 11,000 sq ft at 100 Bishopsgate. 📊 And in this morning’s listed real estate news, The Conygar Investment Company’s net asset value has been hit by a write-down on plans for a Bristol resi scheme, while Grainger PLC has taken a near-£60m hit to its bottom line following the abolition of the multiple dwellings relief tax. All this and lots more here. https://lnkd.in/ek43R6M5

Somerset Mall embarks on a multimillion-rand expansion project - Somerset Mall, the dominant shopping destination in the Helderberg region, has announced plans for a landmark expansion project aimed at redefining retail in the Western Cape. - https://lnkd.in/ddPvEyRc #economicgrowth #Helderbergdevelopment #retailtransformation #shopperexperience #SomersetMallexpansion Hyprop Investments Limited

UK property group Hammerson has written down the value of its flagship Irish shopping centre interests by a further 7.7 per cent in the first half of this year. By my calculations, extrapolating on data released by CBRE on yields, there has been a 27 per cent valuation decline (if we ignore rental growth) on shopping centres hugging the M50 in the last two years. Yet, international investors are increasingly looking to Irish retail assets. In The Currency today, I look at the dynamics of retail property in Ireland. https://lnkd.in/e6ETw2xA

JLL in conjunction with Stonebridge is pleased to announce the successful sale of ISPT's 50% stake in Cranbourne Park Shopping Centre, Victoria's largest retail transaction in 2024, to date.   Cranbourne Park, a dominant Sub-Regional Shopping Centre, boasts a secure income profile, underpinned by 92% national retailers. The centre is strategically positioned to capture growth from the southeastern corridor and has undergone significant transformation including a $113 million expansion and revitalisation in 2015.   The sale follows a widely successful on-market campaign which gained significant attention and enquiry from a range of capital sources, highlighting the ongoing demand retail, particularly Sub-Regional centres.   JLL congratulates ISPT, IP Generation and all parties involved in this significant transaction. Sam Hatcher Sam Linden Phoebe Cooney Nathan Lin Hannah Brisbane Ginny Rampling Sebastian Fahey David Mahood Stuart Taylor Tom Noonan Jarrod Herscu Dominic McGrath Victoria Robinson Jacob Swan Ned McKendry Will Morris Liam Cox Michael Nguyen Chris Chapple Brett Williams Amanda Steele Will Walker Chris Lock Andrew Coutts #melbourne #realestate #shoppingcentre #victoria #retail #property #jll #jllcapitalmarkets

JLL has announced the sale of Figtree Grove Shopping Centre, a premier sub-regional shopping centre in Wollongong, New South Wales. The transaction marks a significant milestone in the resurgence of retail investments. The sale of Figtree Grove Shopping Centre was exclusively brokered on behalf of MA Financial & Paragon REIT by Nick Willis and Sam Hatcher from JLL, following a formal Expressions of Interest campaign. https://lnkd.in/gTtXdV4n #JLL #ShoppingCentre #RetailProperty #PropertyNews