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Shopping centres

Today

A Sushi Sushi outlet in the Sydney CBD. The business has been sold by Odyssey Private Equity.

Japan’s Genki swoops on Sushi Sushi in a deal worth more than $160m

The grab-and-go sushi chain has grown to 180 stores over the seven-year ownership of Odyssey Private Equity, and says its network could expand to more than 700.

This Month

Lendlease strikes $2b malls deal with Cbus Property

Lendlease last year fought a bitter battle to retain control of its flagship commercial property funds. Now it has a deal to sell all units in one fund to Cbus.

Anthony Mellowes says Region’s hedging will help withstand any further rate rises.

Mall owner beats rate rises with debt moves

Region Group boss Anthony Mellowes says managing the risk of rising debt costs has become key to the mall owner’s profit.

Blackstone on final leg of mega mall sell-off

The US private equity giant has timed its move amid an upsurge of deal making across the retail real estate sector as buyers pick opportunities in the recovery.

January

$650m stake in Adelaide’s biggest mall up for grabs in retail revival

The offering comes amid a revival of investor confidence in major malls, which has led to several near $1b deals in recent weeks.

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Aware Super’s global ambition soars with stake in $4.5b Euro mall fund

The mega property deal comes as Australia’s major super funds outgrow investment opportunities at home.

December 2025

Mega deals send property investment past $50b in 2025

Big investors had been holding back, waiting for the downturn to work through the property sector. This year’s deal tally shows the recovery is under way.

Westfield owner Scentre sells off $1.3b interest in Brisbane mall

Further divestments are likely as chief executive Elliott Rusanow pursues an ambitious plan to reshape Scentre’s finances and develop apartments at its malls.

November 2025

BHV Shein

Australia should stand against global fast fake fashion

What is emerging is a high-volume, high-velocity system that redefines clothing as something designed to be discarded rather than worn.

Lendlease’s 50 per cent stake in Sunshine Plaza in Maroochydore in Queensland’s Sunshine Coast, is one asset Hong Kong’s Link REIT has made an unsolicited offer to buy.

Hong Kong investor offers $1.5b for malls in Lendlease fund

The $21.3 billion Link REIT has made an opportunistic bid for three assets Lendlease owns in the retail fund it manages.

Livia Wang

Daigou empire’s unravelling ends with executive in Chinese prison

The businesswoman behind popular beauty brands Napoleon Perdis and Vida Glow is battling to keep the company working amid savage infighting with co-founders.

October 2025

Woolworths CEO Amanda Bardwell is under pressure to improve sales and profits at the grocery chain.

Woolworths’ price-slash strategy delivers lacklustre growth

The country’s biggest supermarket has been under considerable pressure to make up ground lost to rivals Coles and Aldi, but it appears to be struggling.

Chemist Warehouse co-founders Gance, Verrocchi in $5b property play

Two of the retail giant’s creators are aiming to double the portfolio of real estate assets owned by them – and other wealthy families – to redevelop and upgrade.

Lendlease to sell $900m shopping mall from embattled fund

The sale to Melbourne syndicator Fawkner Property comes as Lendlease’s funds management arm awaits what is expected to be a large queue of redemption requests. 

Top Ryde mall in north-west Sydney.

MA Financial locks in $525m Top Ryde mall deal

The mega-deal comes amid a return of investor interest in shopping centres after the sector suffered during the pandemic lockdowns.

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September 2025

ISPT has listed shopping centre Midtown Melbourne for sale with $165 million price hopes.

ISPT lists Midtown Melbourne shopping mall for $165m

The industry super fund investor is offloading this Melbourne CBD shopping centre at a time the retail property sector is buzzing since the pandemic.

Credit warning for Lendlease’s $2.8b malls fund

Super fund giants Hostplus and UniSuper are spearheading a move to replace Lendlease with its rival Mirvac in running a prized property funds business.

CEOs and boards directors can no longer stick their head in the sand following the Coles and Woolworths decision.

Court ruling against Coles, Woolworths a ‘time bomb’ for all employers

CEOs and directors can no longer stick their heads in the sand following a landmark Federal Court decision on underpayments of salaried staff, experts warn.

Bunnings violence

Cops and shops copy Kiwi plan to curb violent crime wave

The new partnership will emulate a successful information-sharing network in Auckland that led to a sharp drop in retail crime rates.

Coles has purchased a site in Mirvac’s Everleigh residential development in Queensland.

Coles on shopping spree for supermarket sites in housing estates

The grocery giant has snapped up at least $67 million worth of sites in the last 18 months, with access to a new generation of shoppers in growth areas.