A major shake-up is looming in the retail sector as the giant online retailer, Amazon, has its sights set on the Australia market with JB Hi-Fi and Gerry Harvey the ones with the most to fear.
Carolyn Cummins is Commercial Property Editor for The Sydney Morning Herald.
Opportunity for development helped drive appetite for this shopping centre.
Demand for development sites has seen close to $50 million worth of commercial property transactions in South West Sydney change hands that will eventually pave the way for new properties over the next decade.
The Hotel Indigo brand will be the latest to seek out locations in Australia, to offer a different travel experience and take advantage of the under-supply of rooms, particularly along the eastern seaboard.
Investors in property are mirroring the "staycation" trend of the travel industry with capital outflow now far below a year ago, according to new data.
Billionaire retail landlord John Gandel has offloaded his entire stakes in property manager and developer Charter Hall Group and its retail trust, worth about $500 million, to focus on other interests
Activity in the retail property sector has been as busy as last minute shopping sprees on Christmas Eve.
The Folkestone Seniors Living Fund No.1 has closed oversubscribed after raising $25.66 million and acquiring its first asset, Watermark Castle Cove, a retirement living community on Sydney's lower north shore.
Wildharvest Organics has leased a 672 sq m site at 2a, 128-130 Francis Street from a private investor.
Developer Allen Linz's Rebel Property Group, Capit.el Group's Eduard Litver and Gil Baron have fought off a spirited group of bidders to snare the former Bates milk bar at Bondi beach for about $19.12 million.