Find in the news:
BY COUNTRY

Indicators Strong for Australian Retail Investment



Activity in Australia's retail investment market rose 19 percent for the year ended June 2015 to AU$ 7.2 billion (US$ 5.5 billion).
JLL Australia Asia Retail

The dominant group was again unlisted funds, which accounted for 40 percent of deals, but offshore investment groups were also active, accounting for 19 percent of deals. 

Retail Activity, Mega-Merger and Asian Investment

Two prominent Australian REITs, Novion Property Group and Federation Centres, merged to form the third largest REIT in Australia, holding retail assets worth AU$ 22 billion (US$ 17 billion). Simon Rooney, JLL Australasia's head of retail investments, said investors are pursuing widely variable structures and agreements for transactions, including capital partnership arrangements and joint ventures. Most investors are open to a wide variety of opportunities so long as they see the potential of solid returns at an acceptable level of risk.

The interest of offshore investors in Australia increased market competition and resulted in AU$ 1.4 billion (US$ 1.1 billion) in deals for the year ended June 2015. In May 2015, Adelaide's Myer Centre was acquired by YTL Starhill Global, a Singapore-based REIT, for AU$ 288 million (US$ 221 million). Approximately half of Asian capital investment, which represents the majority of capital investment in Australia over the course of the last 36 months, has come from Singapore. The increase in investment coming from Asia may have to do with a demand in the region for opportunities in more mature, stable economies.

According to Rooney, market conditions are uniquely conducive to major transactions. Both debt finance and equity capital are widely available for investment in the retail market. Institutional investors are taking the opportunity to reposition for the long term. He said he expects continued activity in the retail market as owners divest themselves of, or invest themselves in, strategic assets. 

Shopping Center Deals Driving Growth

Two-thirds of retail transactions in the period were for neighborhood and sub-regional shopping centers. Regional shopping centers are currently posting yields closer to 2007-levels than any other shopping center format; all shopping center formats, though, are still well short of their peak yields. In the short term, indicators point to continued growth in retail spending. Tourism and employment numbers are trending upward as household wealth continues to increase.

Interest rates are at record lows, increasing available investment capital, but Rooney cautions that stronger competition for assets may cause yields to trend down. Thus, the potential for income growth is significantly lower now than in 2007. He says investors seem to be valuing this growth outlook into bid prices.

More about shopping malls in Australia



YESTERDAY, China:
Experts expect supply problems to worsen amid disasters at a key transport hub in the Middle Kingdom.
DAY BEFORE YESTERDAY, USA:
Forbes magazine estimated the singer's fortune at $1.7 billion.
Aug 3, 2021, USA:
Simon Property Group has reported 80% revenue growth compared to June 2020.
Aug 3, 2021, USA:
The introduction of a tax would address several issues related to the growing consumption of animal meat.
Jul 29, 2021, USA:
Tesla stores are leaving mallsThe electric car maker is taking another blow to the position of malls that are losing tenants one-by-one.
Jul 29, 2021, Estonia:
The initial value of the 55,000 sq.m. complex is €85 million.
Friend
and Follow
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place
Cabot Circus GLA:990 280 SF
ADDRESS: Glass House, Bristol BS1 3BX
United Kingdom . Bristol
Cabot Circus
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us