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Midland Gate shopping centre in Perth sold for $465 million

Inside Retail

Melbourne-based fund manager Fawkner Property and alternative investment firm PAG have acquired Perth’s Midland Gate shopping centre for $465 million. The deal marks Australia’s largest single regional asset transaction since December 2019.

Shopping 278
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The O2’s Q1 and Easter Half Term Performance Surpasses Expectations, Rivals 2019 Trade Levels

Retail Focus

The O 2, which is owned and operated by AEG and Crosstree Real Estate Partners, has reported a stellar trading period throughout Q1 and Easter half term, with sales throughout the destination surpassing 2019 results. Icon Outlet at The O2 dealt direct. Lunson Mitchenall represented WHSmith.

Shopping 130
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Spanish Fashion Giant Mango Boosts Retail Offer at Touchwood Shopping Centre in Solihull

Retail Focus

Touchwood Shopping Centre in Solihull has continued to expand its leading offer with the arrival of Spanish fashion retailer Mango. Ardent UK acquired Touchwood in summer 2021, the first major shopping centre acquisition since the onset of the pandemic, in a deal that effectively called the retail investment market.

Fashion 264
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Dexus selling stakes in two super-regional shopping malls

Inside Retail

Cornerstone stakes in two super-regional Australian shopping centres have gone up for sale in the first such investor opportunity in two years. Dexus Wholesale Property Fund is offering a 20-per-cent interest in Gold Coast’s Pacific Fair Shopping Centre and a 25-per-cent stake in Sydney’s Macquarie Centre.

Shopping 264
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Parking Management Services: Driving Additional Revenue with Smart Parcel Lockers

Parcel Pending

Once ripe with opportunity, the parking management industry is now at a crossroads due to economic and societal trends reshaping urban mobility. Stagnant demand in traditional markets, fierce competition, low cost of entry, and sustainability pressures are compelling parking management services and parking lot owners to adapt and innovate.

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Aldi UK’s latest Special Buy: checkout-free shopping

Inside Retail

Aldi, which only recently introduced self-serve checkout in Australia , announced last week that it would open its first checkout-free store on a trial basis, at a location in London that is yet to be confirmed. In 2019, 7-Eleven Australia removed physical checkout from the store at its head office in Melbourne.

Shopping 246
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Showfields and the bankruptcy of the ‘most interesting store in the world’

Inside Retail

Showfields closed its Miami and New York City locations in July and September, respectively. It has three remaining bricks-and-mortar locations, in Los Angeles, Washington DC, and Brooklyn. The Brooklyn store will be expanded by 2,500 sq feet, to 14,000 sq feet, to accommodate brands relocating from the two stores that closed.