article thumbnail

Vicinity sells Perth shopping centre for $107 million

Inside Retail

Vicinity Centres has agreed to sell the Maddington Central shopping centre in suburban Perth to property investor Realside for $107 million, the Australian Financial Review reported. According to the report, Realside purchased the asset in an off-market trade at a premium to the $97 million book value. million, at a 5.9

Shopping 263
article thumbnail

Lewis Land puts Adelaide outlet shopping centre on the market

Inside Retail

Developed in 2003, the centre is Adelaide’s only purpose-built outlet shopping centre. Simon Rooney, head of retail capital markets for CBRE’s Pacific, who is managing the sale, described the centre as one of “Adelaide’s best-performing retail assets”.

Shopping 244
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Online in-flight shopping market tipped to surge

Inside Retail

The global online in-flight shopping market is forecast to reach US$825.3 per cent, according to a report by Allied Market Research. Meanwhile, North America holds the major share of the market and is expected to remain dominant. per cent of the market, but the low-cost segment is predicted to grow at a faster rate.

Shopping 130
article thumbnail

Nespresso UK enter on-the-go coffee market with new coffee shop: The Nespresso Bar

Retail Focus

Nespresso UK has entered the on-the-go coffee market with the launch of a new coffee shop concept titled ‘The Nespresso Bar’ at a location close to Liverpool Street station in central London. With 80% of coffee drinkers visiting a coffee shop at least once a week in the UK, and over 12.8

Shopping 147
article thumbnail

The Body Shop Australia facing ‘cashflow crisis’

Inside Retail

Credible reports suggest The Body Shop Australian business is facing a cashflow crisis as a result of the collapse of the UK parent company. The Body Shop operates about 100 stores in Australia and is said to be the most profitable international arm of the stricken business.

Shopping 290
article thumbnail

Melbourne’s Brandon Park shopping centre up for sale

Inside Retail

Newmark Capital has put up the Brandon Park shopping centre in Melbourne for sale. Aside from Coles and Aldi, the shopping centre also serves as home to five mini-majors and 86 specialty tenancies and kiosks. The post Melbourne’s Brandon Park shopping centre up for sale appeared first on Inside Retail Australia.

Shopping 130
article thumbnail

Selfridges invites customers to ‘Go Long’ at The Stock Market in the Corner Shop

Retail Focus

Selfridges launches The Stock Market at the Corner Shop, a month-long circular experience where customers can uncover the value of what they already own, exchange items for Selfridges credit and restore or upcycle clothing and accessories. Sessions include screen printing, appliqué, tassels and ties and mend and reknit.

Shopping 147