July
Haben raising $263m to bankroll QIC’s Westpoint shopping centre buy
Potential investors have been told to expect 6.6 per cent in average annual distributions which would be paid quarterly, and at least 17 per cent pre-tax IRR.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Retail property
Challenger sells Tasmanian mall for record price
The wealth giant has sold Channel Court, which is the largest sub-regional mall south of the Hobart CBD, for $82.5 million.
- Campbell Kwan
June
Scentre’s bargain-hunting lands it $308m stake in Adelaide mall
The Westfield owner has set up a fund with Barrenjoey to buy a half stake in Tea Tree mall, in a deal that was struck at a 12 per cent discount to book value.
- Nick Lenaghan
Why this top 100 CEO goes undercover shopping
Melbourne’s Chadstone shopping centre showcases the very latest in fashion. It’s also a test case for how the big mall owners manage their vast real estate.
- Nick Lenaghan
Restaurants and pickleball in, bookstores out: shopping centres rebound
Shopping malls that survived the purge signed up tenants that would draw more shoppers and give them more reason to linger.
- Joe Gose
Vicinity’s $96m exit at Pilbara mall opens door for syndicator
For Vicinity, the sale is the latest in a run of exits from smaller assets as it looks to drive an ambitious development program at its top malls.
- Campbell Kwan and Nick Lenaghan
May
- Opinion
- Opinion
Why shopping centres are a good investment prospect
Population growth, a robust employment market and rising incomes will stoke retail spending, and much of the extra money will end up in shopping centres.
- Sam Tamblyn
- Exclusive
- Commercial real estate
Mall war: Kevin Seymour accuses Dexus of anticompetitive conduct
The Rich Lister is accusing Dexus of acting anti-competitively for blocking his proposed Brisbane precinct to protect its own retail asset down the road.
- Campbell Kwan
Prezzee co-founder quits Shaun Bonett-owned gift card company
Claire Morris is leaving the group, and resigning as its brand ambassador. It follows a string of senior executive departures in the last 18 months.
- Primrose Riordan
Westfield Bondi owner says shoppers are back after horror attack
Scentre chief executive Elliott Rusanow said the mall operator had increased security spending as it returned to a “different” normal after the fatal attack.
- Campbell Kwan
Vicinity, ISPT offload WA mall for $70m, taking capital loss
The Halls Head Central shopping centre was once valued at $114 million.
- Campbell Kwan
April
The homeschooled billionaire who built a fortune before turning 40
Shaun Bonett was the country’s richest person under 40 in 2007. Now a billionaire, he shares his story, including a humiliating $25 million mistake.
- Julie-anne Sprague
‘It’s going to take time’: Bondi mourns as retail goes into limbo
Westfield Bondi Junction was silent on Thursday as its doors opened to the public for the first time, five days after a stabbing attack that killed six people.
- Campbell Kwan
Westfield Bondi Junction to reopen with increased police presence
The shopping centre where six people died from a stabbing attack will be open on Thursday for a reflection day before normal trading resumes on Friday.
- Campbell Kwan
Westfield, retailers at odds over pre-attack drills
Days after six people were fatally stabbed at a Westfield Bondi Junction, it has been revealed it did not perform drills on how to respond to such a threat.
- Campbell Kwan, Michael Bleby and Gus McCubbing
Vicinity sells suburban Perth shopping centre to Realside
Returns could be juiced up by the asset’s circa three hectares of vacant land.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Scentre shareholders deliver first strike against CEO’s $5.5m pay
Despite delivering distributions ahead of expectations over the 2023 year, the Westfield owner’s remuneration report has suffered a protest by shareholders.
- Nick Lenaghan
February
Westfield owner Scentre beats guidance with 5.4pc lift in payout
Scentre’s leasing spreads, the difference in rents between old and new agreements, is expected to remain positive even as consumer spending slows.
- Campbell Kwan
Mall owner Vicinity locks in retail rebound
The shopping centre landlord took advantage of stronger than expected retail conditions to lock in higher rents, improving its earnings guidance as a result.
- Nick Lenaghan
Nick Scali, Myer shares rally as retailers defy gloom
The CEO of sofa retailer Nick Scali said sales momentum spilled over into January, reflecting more positive consumer sentiment and tax cuts.
- Carrie LaFrenz
