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GPT wraps up $621m purchase

GPT has finalised the $621.2 million purchase of a half share of the Highpoint shopping centre in Melbourne's west. Coles Myer had first right of refusal over the share in the centre, but chose not to buy it.

GPT to acquire 50% of Highpoint

GPT Group is set to acquire half of Melbourne's Highpoint shopping centre for $621.2 million, which it says will return higher distributions to investors. The property group, formerly known as General Property Trust acquired a 50 per cent interest and management rights to the Highpoint centre in Maribrynong, from the Besen family.

The GPT Group acquires interest in Highpoint Shopping Centre

GPT today announced the acquisition of a 50% interest in Highpoint Shopping Centre, Melbourne and the management rights to the Centre, after confirmation of Myer Limiteds decision not to exercise its right of refusal over the 50% interest in the Centre. The acquisition is expected to settle on 31 March 2006.

Property giants make centre swap

The swapping of a Melbourne shopping centre between retail property giants, the Westfield Group and the Stockland Group, has helped hand Westfield a large parcel of Sydney's premier retail precinct.

Stockland and Westfield Agree to Asset Swap

Stockland and Westfield have agreed to an asset swap, with Stockland acquiring The Pines Shopping Centre in Melbourne. In return, Westfield will acquire Stockland’s Imperial Arcade in the Sydney CBD.

Blundy buys Melbourne retail centre for $30m

Retail entrepreneur Brett Blundy is ramping up his property investments after taking a back seat at music and clothing group Brazin. As many as a dozen bidders were chasing the bulky goods retail centre, known as the Great Southern Home Centre, after it was it was offered for sale by Axa Australia's Wholesale Australian Property Fund. [See also FindNearest.com]

Highpoint to expand again with $50m injection

Highpoint - 60 new stores open November 2005

Preston Market Sold

Centro MCS announced today the sale of Preston Market to a joint venture between Salta Properties, a Melbourne-based owner/developer and the Medich Group based in Sydney. The sale of Preston Market followed a formal marketing campaign of the property during November and December 2003.

Rare Melbourne offering brings $2m

Two shops in Melbourne's giant Greensborough Plaza Shopping Centre sold for $2 million in a rare commercial property offering this week.

Investors shop in the suburbs

Property investors hoping to ride the rising tide of strong retail returns are increasingly focusing their attention on Melbourne's suburban shopping centres and supermarkets.

Village Cinema Complex For Karingal Hub

Centro Properties Group today announced plans for the entertainment precinct development of Karingal Hub Shopping Centre, located at Frankston, part of a $50 million redevelopment programme for the centre.

Village stars in Frankston cinema war

Shopping centre owner Centro Properties Group has fired a resounding salvo in the battle for movie-goers in Melbourne's bayside suburb of Frankston.

Popularity shift among retail strips

South Melbourne's Clarendon Street has become Melbourne's No. 1 shopping strip, with a zero vacancy rate, according to research from estate agent DTZ.

New Stores at Westfield Sydney Central Plaza

New stores to explore including Satch; Giordano; Juice Station and Fru Ju.

New Stores at Westfield Southland Now Open - Sept 2003

Fresh New Stores to Explore include Queenspark; Australian Mallee Art; Dusk; Designer Kidz; Crabtree & Evelyen; Rodd & Gunn; Starbucks Coffee; Juice Station; Party Day Party.

David Jones pays $9.8m to cut Westfield lease

David Jones has been forced to pay $9.8 million to shopping centre owner Westfield Trust over a cancelled lease deal, a penalty that will swell the department store's charges for restructuring, asset write-downs and other adjustments to $84 million.

DJs rejigs Fountain Gate deal

There's no other store like David Jones and if the company had its way there wouldn't be one at all at Fountain Gate.

New Stores at Westfield Fountain Gate

New Stores at Westfield Fountain Gate include Portmans; Subway; Body Spec and The Great Aussie Pie Stop.

New Stores at Chadstone Shopping Centre

There are 7 new stores at Chadstone Shopping Centre including Seduce; Diamond Nails; CK Jeans; Enzo Angliolini Footwear; Melbourne Sock Shop; Student Flights and MNG.

Diamond Creek Shopping Station - Development Overview

Surplus railway land next to Diamond Creek Railway Station provided an opportunity to provide consolidation of retail services.

Meadow Heights Shopping Centre - Development Overview

In 1990, the Urban Land Authority (ULA) was in the process of developing residential estates at Meadow Heights. As part of that development, land was set aside for a Community Shopping Centre within the Meadow Heights estate.

Watergardens Shopping Centre - Buchan Group

The Buchan Group undertook the masterplanning for Watergardens to enable it to develop as a town centre over the next 10-15 years.

Northland (Entertainment Precinct) - Buchan Group

Northland Entertainment Precinct is a fully integrated lifestyle, retail and entertainment facility.

Highpoint Shopping Centre (Level 1) - Buchan Group

The new L1 precinct at the Sussan Group's Highpoint Shopping Centre meets the needs of Generation Y shoppers, with a mix of youth retail, entertainment and food designed to appeal to a young market.

Highpoint Shopping Centre - Buchan Group

The Northern Extension of Highpoint Shopping and Entertainment Centre at Maribyrnong in Melbourne's inner west, leads Australian retail in a new direction.

Chadstone Shopping Centre (Entertainment Precinct) - Buchan Group

The creation of a youth precinct at Chadstone Shopping Centre was a key part of the Gandel Group's longterm vision for the centre.

Chadstone Shopping Centre - Buchan Group

Chadstone Shopping Centre Stage 20 has been designed as a high-end fashion district to reinforce Chadstone’s position as “the fashion capital ”.

Brand Smart Victoria - Buchan Group

Melbourne’s position as the outlet shopping capital of Australia has been reinforced by the opening of Brand Smart, the city’s first purpose-built outlet centre.

New Stores at Westfield Fountain Gate

Subway; The Great Aussie PIe Stop; Body Spec; Portmans

Westfield Doncaster - New stores August 2003

YD Menswear; Fone Zone; Bed Bath 'n Table; Ali Baba.

David Jones - Southland (Architects page)

Hames Sharley was commissioned by David Jones Limited to document the fit-out of its new David Jones store at Westfield Southland Shopping Centre in Melbourne’s southeastern suburbs. Three floors were fitted out in the revitalised David Jones image, epitomised by integrated finishes, lighting and merchandising.

Westfield Southland - New Stores August 2003

Queenspark; Australian Mallee Art; Jesters the Jaffle Pie Co; Pet's Wonderland; Rodd & Gunn; Starbucks Coffee

The Glen Shopping Centre (Architects page)

Owned by Centro Properties Limited, Hames Sharley’s brief was to plan and design a major expansion of The Glen Shopping Centre in Melbourne, bringing it to a total GLA of 49,000 square metres. Nestled under a magnificent glazed dome, the circular atrium space provides the focal point for the existing and new malls. The additions comprise a 15,000 square metre department store (David Jones) and an additional 5,000 square metres of specialty retail tenants. The development spans over two levels to match the existing retail floors and is set above two levels of car parking containing an additional 850 cars.

Knox City Shopping Centre (Architects page)

For several years, Hames Sharley has carried out major refurbishments at the 68,000 square metres Knox City Shopping Centre for the owner, AMP. Since 1998, Hames Sharley, in conjunction with American Architects Altoon + Porter, has participated in, firstly, the preparation of an Urban Design Framework document, then the subsequent design and documentation of major works to the centre. These seek to integrate the existing Knox City and adjacent Towerpoint Shopping Centre via a range of new buildings and precincts. Key elements of the project include Lifestyle and Entertainment precincts, incorporating “High Street” and external mall shopping, dining and promenading.

Mystery bidder slams system

A bidder who missed out on a Melbourne shopping centre because his or her identity was revealed has lambasted the property industry's increasing reliance on expression of interest campaigns.

New town centre at Caroline Springs

Delfin Lend Lease has unveiled plans for a $155 million town centre in the massive Caroline Springs development in Melbourne's western suburbs.

Town Centre Plans to be Unveiled at Caroline Springs

A model of the planned $155 million Caroline Springs Town Centre will be unveiled this week, revealing the plans for a bustling community hub.

Chadstone casts bigger shadow

If you transposed its floorplate to the Melbourne CBD, it would run from parliament in Spring Street, through Bourke Street mall to the GPO, and as far north as Melbourne Central.

Pellicano nets Peeters

Pellicano Builders has snared white-goods retailer Clive Peeters to anchor its new bulky goods centre in Moorabbin in Melbourne's southern suburbs.

Mirvac now big fish in Moonee Ponds

The Mirvac Group has trumped the rival Stockland Trust Group to buy Melbourne's Moonee Ponds Central Shopping Centre as ANZ Bank continues a $100 million asset sell-down.

Mirvac Group acquires Moonee Ponds Central, Melbourne

The Mirvac Group today announced that it has exchanged contracts to acquire Moonee Ponds Central, a convenience based supermarket shopping centre in the north western Melbourne suburb of Moonee Ponds, for $24.021 million.

Homemaker City Moorabbin - Market Information

Still not satisfied and want to know more about Homemaker City Moorabbin, then have a look at the facts and figures below which should provide a great overview of our centre.

Homemaker City Maribyrnong - Market Information

Still not satisfied and want to know more about Homemaker City Maribyrnong, then have a look at the facts and figures below which should provide a great overview of our centre.

Gardens landmark blooms at last

It has taken almost two decades to build, seen off several high-profile owners and survived the odd financial disaster but the $500 million Victoria Gardens development in Melbourne is about to open its doors.

Mall creatures great and small

It's 7pm on Thursday at the Chadstone shopping centre in Melbourne's south-east. Dozens of movie-goers are lined up outside the cinema ticket office, their voices drowned out by a Kylie Minogue album being played at full volume in the record store next door. Around the corner, two children sit at a funky Japanese eatery, eyes fixed on a sushi train that circles a large wooden table, while hundreds of shoppers - teenagers, families, the after-work crowd - drift randomly from store to store.

GPT delays Dandenong sale

Australia's top retail managers are waiting in the wings to buy the $200million Dandenong Plaza shopping centre in Melbourne, but the landlord, General Property Trust, may be getting cold feet.

Mornington Central - Developers Page

Mornington Central will be a 13,000sqm stand alone centre with carparking for 523 cars.

Retail investment gaining strength

Melbourne's retail investment market has continued its dominance of the commercial property market this year with more than $75 million in transactions in less than three months, despite what some agents say is a quiet start to the year.

Guests outlet fetches $5m

A large retail property on Melbourne's "golden mile" of superstores changed hands when a Guests Furniture outlet sold yesterday for $5.08 million.

Market Street Mall gets upgrade

VIC: The Whitehorse City Council will spend more than $1 million on an upgrade of the Market Street Mall in Box Hill, an eastern suburb of Melbourne.

Mirvac Group acquires Waverley Gardens shopping centre

The Mirvac Group today announced that it has exchanged contracts to acquire Waverley Gardens, a sub-regional shopping centre in the eastern Melbourne suburb of Mulgrave, for $51 million.

Australia’s largest mall dubbed world class

The Knox City shopping centre and Knox O-Zone precinct is now Australia’s largest retail centre incorporating 143,000sq m of retail floorspace.

Westfield to extend The Pines shopping centre

VIC: Westfield Developments Ltd will spend around $25 million expanding The Pines shopping centre in Doncaster East, Melbourne, by around 10,000sq m.

GPT commences major redevelopment at Melbourne Central

Construction on the major redevelopment of the 58,000 sqm retail centre at GPT's Melbourne Central will commence later this month and is scheduled for completion at the end of 2004...

Big W a big drawcard at Eastland

Woolworths and Big W have opened new stores in the $120 million redevelopment of Queensland Investment Corporation’s Eastland shopping centre at Ringwood.

Fountain Gate expansion to generate $500m sales

Westfield Trust expects a bulky goods centre to open alongside Melbourne’s Fountain Gate complex next year will generate annual sales of up to $500 million.

Brandon Park Shopping Centre, Melbourne

Brandon Park was the first centre to be featured in our new Investor Centre Site Visits Program. Over 40 investors and advisers attended the Open Day and enjoyed the opportunity of viewing the recently completed upgrade of the Centre...

MCS Newsletter: Oakleigh Central

Oakleigh Central in Melbourne, Victoria (MCS12) is the archetypal MCS shopping centre.

Upgrades for three Victorian centres

Shopping centre giant Westfield is embarking on an ambitious expansion of its Victorian portfolio including substantial upgrades to three of its major suburban centres...

Mirvac Group acquires Waverley Gardens shopping centre

The Mirvac Group today announced that it has exchanged contracts to acquire Waverley Gardens, a sub-regional shopping centre in the eastern Melbourne suburb of Mulgrave, for $51 million.

Gandel to extend Chadstone Shopping Centre

VIC: The Gandel Group has announced plans for a 40,000 sq m extension to the Chadstone Shopping Centre in Melbourne’s south eastern suburbs...

First stage of $150m Knox City project opened

The first stage of the $150 million redevelopment of the Knox City shopping centre in Melbourne’s eastern suburbs opened last week.

Incredible bulk marches on

Bulky goods development sites have continued to attract strong interest after a property in Melbourne's north sold for $4.5 million this week.

QIC invites tenders for Watergardens factory outlet precinct

VICTORIA: Queensland Investment Corporation has invited tenders for its $80 million development of a factory outlet precinct at Watergardens Town Centre, 25km west of the Melbourne CBD.

New manager at Greensborough Plaza

Noelle Jacobs, of Your Marketing Partners, has been appointed to manage the Greensborough Plaza shopping and the surrounding strip shopping centre.

ISPT shopping spree continues

The Industry Superannuation Property Trust is close to completing a $220 million shopping spree after purchasing the St Helena Marketplace in Melbourne.

Highpoint Shopping Centre releases new television and outdoor campaign

HIGHPOINT CAMPAIGN: Highpoint Shopping Centre in Melbourne’s north west, has released a new television and outdoor campaign to increase awareness and reaffirm the centre’s reputation. The campaign is built around the three elements of fashion, homewares and café-bars.

Leighton picks two sites for $70m bulky centres

Leighton Properties has contracted to purchase two development sites in Melbourne for homemaker centres with a combined value of more than $70 million.

Low cost campaign wins marketing award

A low cost campaign has won the Dandenong Market the Australian Marketing Institute’s 2002 Excellence in Marketing Award for social marketing in the public sector.

Leighton goes bulk buying in Melbourne

Leighton Properties has bought two more development sites in Melbourne and plans to build new home-maker retail centres valued at more than $70 million.

Eastland redevelopment to open in two stages this year

VICTORIA: The $120 million redevelopment of the Eastland shopping centre at Ringwood, in Melbourne’s eastern suburbs, will open in two stages in October and December of this year.

Summerhill Village goes into syndicate's trolley

Fund manager and syndicator WRF Securities has bought the Summerhill Village shopping complex in Plenty Road, Reservoir, for $12.95 million.

GPT acquisition expands homemaker centre presence in Melbourne

GPT today announced it has exchanged contracts to purchase the Moorabbin Homemaker Centre in Melbourne. The Centre, which is currently being developed by Leighton Properties Pty Ltd, is due for completion in June 2002.

Centro to Redevelop 'Whitehorse City'

Centro Properties Group ("Centro") today announced a major $57 million project for the redevelopment of Whitehorse City shopping centre in the eastern Melbourne suburb of Box Hill.

Westfield Fountain Gate Redevelopment Completed

VIC: Stage three of the redevelopment of Westfield Fountain Gate, which is owned by Westfield Trust, has been completed following the opening today of a Village 10-screen cinema complex, which houses the largest in-door cinema screen in Australia.

David Jones store opening completes redevelopment of Westfield Shoppingtown Southland

VIC: The redevelopment and repositioning of Westfield Shoppingtown Southland, which is jointly owned by Westfield Trust and AMP, has been completed following today's opening of a new David Jones store at the centre.

Westfield begins redevelopment of Fountain Gate and Hornsby

Westfield Trust announced today that it has commenced the redevelopment of Westfield Shoppingtown Fountain Gate in Melbourne and Westfield Shoppingtown Hornsby in Sydney..

Westfield Southland opens new Myer retail bridge

The owners of Westfield Shoppingtown Southland, Westfield Trust and AMP, will open a major section of the two level retail bridge which spans the Nepean Highway at Cheltenham in Melbourne today.

The Street - Westfield's new generation entertainment and leisure precinct

A new direction in shopping centre entertainment and leisure facilities will be unveiled at Westfield Shoppingtown Southland in Melbourne's southern region on April 29.

Westfield Trust's $60 Million redevelopment of Airport West opens

Stage one of the redevelopment of Westfield Shoppingtown Airport West - which includes Melbourne's first direct freeway off-ramp into a shopping centre - was opened by the Minister for Planning Robert Maclellan and Mayor of the Moonee Valley City Council Hedley Moffat today…

Melbourne Metro Altona Gate Shopping Centre

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Melbourne Metro Bayside Shopping Centre

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Melbourne Metro Box Hill Central

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Melbourne Metro Broadmeadows Town Centre

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Melbourne Metro Bundoora Square

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Melbourne Metro Chadstone Shopping Centre

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