Retail property
Drug kingpin’s former Sydney Road arcade for sale
Cashed-up Aesop founder and Canberra developer are selling hipster Sydney Road shops once owned by career criminal Tony Mokbel.
- by Nicole Lindsay
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Vicinity ‘left exposed’ to security threats after senior management shake-up
One of Australia’s largest mall owners significantly downgraded its security management at 57 major shopping centres around the country in the month before the deadly Westfield Bondi Junction attack.
- by Simon Johanson
Manly Wharf set for a revamp as new owners get the keys
Manly Wharf, at the gateway to Sydney’s popular northern beaches precinct, will be revamped – but the new owners will consult the local community before making any big changes.
- by Carolyn Cummins
Bond behind Perth’s biggest city retail deal this year
Alan Bond’s grandson Banjo Bond’s company has purchased a key building in the Murray Street Mall for $32.25 million.
- by Sarah Brookes
City retail bounces back with Japanese poop museum
A Japanese museum devoted to “cute poop” is among the multiple new shops and restaurants which have opened in the past year and cut the CBD retail vacancy rate by 44 per cent.
- by Nicole Lindsay
Chanel lands trophy store in $75m luxury deal
In a thumping vote of confidence in Melbourne’s CBD, luxury retailer Chanel has paid $75 million to buy its 10-year-old boutique on the corner of Russell Street and Flinders Lane.
- by Nicole Lindsay
Jacka Foundation sells historic Fitzroy digs
Not-for-profit landlord, the Jacka Foundation, is selling the historic Fitzroy factory where the Southern School of Natural Therapies has operated for nearly 30 years.
- by Nicole Lindsay
Opportunistic buyers are looking for shopping centre bargains
Offshore investors and smaller local funds are emerging as the most likely opportunistic buyers in the retail sector where centres are selling for less than it would cost to build them new.
- by Nicole Lindsay
Ivanhoe law office at heart of $100m Ponzi scheme for sale
The office where deceased lawyer John Adams defrauded a slew of investors is up for auction.
- by Nicole Lindsay
Hill of discontent as famous Melbourne bookshop fails to find a buyer
The Melbourne CBD property market got off to a rocky start when the Hill of Content bookshop passed in on a vendor bid of $5.7 million.
- by Nicole Lindsay
Red carpet treatment as luxury retailers expand city stores
The cost of living crisis facing most Australians is not slowing sales for global luxury retailers.
- by Carolyn Cummins and Nicole Lindsay