New sales figures show the 10 biggest malls across the country are pulling in huge amounts of money.
The Westfield owner has recorded its highest ever level of sales as shoppers return with gusto to spend more and linger longer.
Mall giant Westfield says shoppers are flocking to its centres ahead of the first lockdown-free festive season in years and buying more despite soaring inflation and rising interest rates.
A swathe of leading landlords have been awarded high rankings in the latest global sustainability benchmark assessments.
Listed shopping centre behemoth Scentre is breaking new ground in Melbourne’s east,unveiling plans to add a 25-metre swimming pool to its $355 million revamp of Westfield Knox.
Amid a changed work,shopping and economic environment triggered by the COVID-19 pandemic,investors,landlords and developers are confident that by 2030,Sydney will be a place where shopping centres are high streets,fostering community spirit.
Australia’s largest retail landlord is adding basketball courts,community centres,libraries and swim schools to its tenant mix as it dives deeper into an experience-based shopping trend that drove $12 billion in half-year sales across its malls.
The push for lower emissions across the property sector has led many of its biggest landlords and fund managers to introduce new schemes to boost green credentials.
The upcoming profit reporting season for listed real estate income trusts (REITs) is shaping up as a test of how the sector will cope if the economy slows as expected.
A focus on improving building efficiency and rolling out renewables is shielding Australia’s largest landlords from soaring energy prices.
Property analysts are taking diverging views on the health of the $135 billion listed real estate investment trust sector,given the unfamiliar climate of rising interest rates and inflation.