SALUS Global Knowledge Exchange’s Post

West Auckland NZ neighbourhood retail centre for sale - Bayleys Commercial West Auckland New Zealand shopping centre for sale with strong tenants and promising development prospects through Bayley's agents Ryan Johnson, David Bayley, and Jason Seymour. “Kelston Mall is a quintessential neighbourhood shopping centre with a low risk profile, strong total returns with a better yield than many other commercial offerings, diverse occupier profile including big-name listed operators, and an underlying capital growth story." said Ryan Johnson. Bucking the trend of offshore investors increasingly looking for opportunities in New Zealand, Johnson says Kelston Mall’s owners have now decided to recycle capital back into Asia, after acquiring the property in early 2020. “You simply can’t replicate a landholding of this size on a prominent corner with exposure to over 50,000 cars daily and astute investors will appreciate this. “We’re in that counter-cyclical real estate spot right now with indications that the OCR tide will turn, interest rates will start to fall and money in the bank will attract lower returns and be recirculated into other avenues including commercial property.” David Bayley said a recent Bayleys’ delegation to Australia and Southeast Asia confirmed that New Zealand commercial assets are highly sought-after with global private and family office wealth. “Our global real estate partner Knight Frank is noting strong interest in Australian neighbourhood retail assets and this is encouraging for the New Zealand market as we tend to mirror trends across the Tasman, albeit slightly delayed. Jason Seymour says Auckland remains the country’s economic powerhouse and the main beneficiary of immigration so naturally, “the smart money is attracted to that”. Read more on COMMO - https://lnkd.in/gTJB8Yxk Bayleys Commercial Ryan Johnson David Bayley Jason Seymour RETalk Asia Knight Frank Australia James Patterson Vanessa De Groot Sarah Clark #Bayleys #commercialnews #NZshoppingcentre #shoppingcentreforsale #WestAuckland #KelstonMallforsale #KelstonMall #retailrealestate #shoppingcentre #nzrealestate #realestateinvestment #knightfrank #knightfrankaustralia

Main Street Complex is strategically located in the heart of Paola square

Good insight here.

In the latest P-THREE Perspectives, we consider the case for pedestrianisation of Oxford Street . We highlight the debate over the balance between accessibility and commercial appeal.

Liverpool is a vibrant city in the northwest of England, renowned for its rich cultural heritage, iconic landmarks, and thriving real estate market. From historic buildings along the waterfront to modern developments in the city center, Liverpool offers a diverse range of property opportunities for investors and residents alike. One of the most notable aspects of real estate in Liverpool is its strong rental market. With a growing population and a thriving student population from the city’s prestigious universities, demand for rental properties remains consistently high. Landlords and investors can benefit from steady rental yields and strong tenant demand, making Liverpool an attractive destination for property investment. In recent years, Liverpool has also seen significant regeneration and redevelopment initiatives, particularly in areas such as the Baltic Triangle and the Knowledge Quarter. These projects have transformed former industrial sites into vibrant hubs for technology, creative industries, and leisure, driving demand for commercial and residential properties in these areas. Furthermore, Liverpool’s status as a UNESCO World Heritage Site and its reputation as a cultural hotspot attract visitors from around the world, contributing to the city’s appeal as a tourist destination and boosting demand for short-term rental properties such as serviced apartments and vacation rentals. As with any real estate market, there are challenges and considerations to be aware of, including property prices, market trends, and regulatory changes. However, with careful research, due diligence, and strategic planning, investors can capitalize on the opportunities that Liverpool’s real estate market has to offer. #LiverpoolRealEstate #PropertyInvestment #Regeneration #RentalMarket #UrbanRenewal #CulturalHeritage

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

A retail mystery is unfolding at the Historic Adelaide Central Market. "Market Plaza", located "cheek by jowl" to the Central Market, is experiencing a retail disaster due to insufficient footfall for viable trading. Currently, "free retail spaces" are available on the Western side, at "Market Plaza", while the food court is struggling for viability. In response, the Adelaide City Council has initiated a $400 million joint venture for a multilevel retailing, commercial, residential, and hotel project on the Eastern side of the Adelaide Central Market. This project will introduce around 50 new multilevel retail spaces, anticipating footfall challenges on the eastern side cheek-by-jowl to the Central Market with multilevel retailing at "Market Square." The under-construction "Market Square" is set to offer retail spaces at some of the highest asking rental rates in the precinct. This situation is reminiscent of the retail challenges faced in the heart of busy Rundle Mall, with the Myer Centre. Multiple levels of retail have struggled with footfall for decades, leading in part to the insolvency of the State Bank of South Australia, its lender. The risk with the Adelaide City Council JV Market Square is reducing the viability of many struggling businesses in the existing historical Adelaide Central Market. Many two —and three-generation traders will bail out because of a lack of sales. As a proven "Placemaker", my experience includes initiating Australia's most successful CBD retail project, Melbourne Central. This year, Melbourne Central's expected footfall is around 40m visitors with no vacancies and among the highest retail sales per sqm in Australia, despite the CBD of Melbourne footfall being down over 500,000 per week. #Adelaide #Retail #MarketPlaza #RetailIndustry #AdelaideCityCouncil #UrbanDevelopment #Sustainability #Harropfactor

Major Coolangatta shopping centre for sale - JLL JLL experts Nick Willis and Sam Hatcher have been appointed to market 'The Strand' for sale in the heart of the thriving Coolangatta precinct on behlaf of Vinta. Nick Willis, Senior Director at JLL Retail Investments Australia & NZ explained “Opportunities to acquire largescale dominant shopping centres in the heart of precincts like this are seldom available. Including The Strand, there are only six institutional grade assets that are genuinely located within the Gold Coast’s core of the beach precinct. The other five assets are either privately held by intergenerational owners or institutions that have long term holds. Sam Hatcher, Head of Retail Investments Australia & NZ at JLL, commented “South-east Queensland is experiencing unprecedented levels of demand as demographic growth and the lead up to the 2032 Olympics continue to drive heightened levels of interest from all active retail capital sources. Assets in this corridor are extremely tightly held.” Sam Linden Director at JLL Retail Investments Australia & NZ highlighted “our team’s independent research shows that the Coolangatta beachfront and surrounds comprise approximately 1,300 existing residential units with a substantial 2,800 further units in the pipeline (either planned or under construction). Read more on COMMO - https://lnkd.in/gJtgPt2C JLL Nathan Lin Phoebe Cooney Hannah Brisbane Ginny Rampling Sebastian Fahey David Mahood Jacob Swan Ned McKendry Will Morris Liam Cox Stuart Taylor Tom Noonan Jarrod Herscu Andrew Peck Kate Low Dominic McGrath Victoria Robinson MingXuan Li 李名轩 Daniel Kernaghan Todd Lauchlan #coolangatta #realestateinvestment #retailinvestment #shoppingcentreforsale #jll #jllaus #shoppingcentre #goldcoastrealestate #goldcoast #retailrealestate #retailproperty

Missed Opportunity or Blessing in Disguise? A Review of Far East Shopping Centre's En Bloc Deal Fallout 1. Overview: The $908 million en bloc deal for Far East Shopping Centre seemed like a golden opportunity for both the buyer, Glory Property Development, and the sellers. However, with the deal now aborted due to the failure to secure URA approval for redevelopment under the SDI Scheme, the situation takes a dramatic turn. 2. Key Factors: The importance of the SDI Scheme cannot be overstated in this context. Without it, Glory Property Development would not have been able to obtain the crucial 20% bonus GFA for the redevelopment. This bonus could have significantly enhanced the value proposition of the project, making it more attractive for both investors and future occupants. 3. Implications: The fallout from this aborted deal raises pertinent questions about the viability of similar en bloc transactions in the current regulatory landscape. Developers and investors alike must now carefully consider the potential roadblocks they may encounter in securing approval for redevelopment projects, especially those reliant on incentives like the SDI Scheme. 4. Community Impact: Beyond the immediate stakeholders involved, the Far East Shopping Centre saga underscores the broader impact on the surrounding community. With redevelopment plans shelved, what becomes of the existing tenants and businesses operating within the complex? Will they face uncertainty and disruption, or will alternative solutions be found to support their needs? 5. Opportunities Amidst Challenges: While the collapse of the en bloc deal may initially seem like a setback, it also presents an opportunity for stakeholders to reassess their strategies and explore alternative avenues for maximizing the potential of Far East Shopping Centre. Perhaps there are innovative approaches or partnerships that could unlock value in ways not previously considered. Considering the Far East Shopping Centre's aborted en bloc deal, what proactive measures can industry leaders take to mitigate regulatory risks and ensure smoother execution of future redevelopment projects, thereby fostering confidence and stability within the real estate market? https://lnkd.in/gr6PxNwz

How the busiest street in Manchester has changed… 🐝   Market Street has seen remarkable transformation over the years. Once a thriving centre for market traders and local commerce in the Victorian era, it has evolved into one of Manchester's busiest pedestrian shopping streets. From local markets to global brands, its evolution mirrors the city’s dynamic growth and ability to adapt to changing times.   #UrbanDevelopment #Manchester #CityTransformation #transformationtuesday