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Joondalup Square shopping centre now for sale

Inside Retail

The Joondalup Square shopping centre in Perth is up for sale. Colliers and Cygnet West are jointly marketing the shopping centre, which has 14 large format retailers and five specialty stores, including Amart Furniture, Beacon Lighting, PetO, Bedshed, Kitchen Warehouse, Forty Winks, Adore Home Living, and BBQ’s Galore.

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Half share of Sydney’s Carlingford Court sells for $120.5 million

Inside Retail

Hong Kong-based real estate investment firm JY Group has acquired a 50 per cent stake in Sydney’s Carlingford Court shopping centre for $120.5 Last year, JY Group also acquired Wollongong’s Central Shopping Centre and Sydney’s Roselands Shopping Centre. The acquisition boosts JY Group’s Australian asset portfolio to almost $1.8

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NRF: 52% of Shoppers Celebrating Valentine’s Day, Spending a Combined $21.8 Billion

Retail TouchPoints

Unsurprisingly, ecommerce will be the most popular destination for Valentine’s Day shopping, accounting for 39% of the total. The other top shopping destinations include: Department stores ( 29% ); Discount stores ( 28% ); and A tie between local small businesses and specialty stores ( 17% each).

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Vicinity Centres sells half share in Broadmeadows Central

Inside Retail

Vicinity Centres has sold a 50 per cent stake in Broadmeadows Central shopping centre to Melbourne-based Nikos Property Group for $134.5 Vicinity would continue to provide centre management services and assist in the leasing of the shopping centre as well as any development activities.

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Cedar Woods sells Williams Landing Shopping Centre for $60 million

Inside Retail

Victoria’s Williams Landing Shopping Centre has been sold for $60 million after owner Cedar Woods accepted an unconditional offer which also includes one hectare of adjacent development land. The shopping centre has a Woolworths supermarket, 30 specialty stores, a childcare facility, and two levels of office space.

Shopping 130
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Margaret River Shopping Centre sells for $15 million 

Inside Retail

Centuria Capital Group, an Australian real estate funds manager, has acquired the $15 million Margaret River Shopping Centre in Western Australia from a local owner. Coles Property Developments built the Margaret River Shopping Centre in 2001 in the heart of Margaret River town centre. per cent per annum.

Shopping 130
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7-Eleven Parent Plans Corporate Restructuring to Sharpen Focus on Convenience Business

Retail TouchPoints

Seven & i Holdings , parent company of 7-Eleven , plans to create a new holding company for its supermarkets, specialty stores and other non-convenience store businesses. Additionally, Seven & i plans to rename itself as the 7-Eleven Corporation as it focuses more intently on its global convenience store business.

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