Fawkner Property News Today

The $390 million sale of Cairns Central brings to a close a protracted effort by Lendlease to raise capital to meet redemption requests in its flagship shopping centre fund.

Fund managers Centennial and Parkstone are in due diligence to buy Hinkler Central for $107 million, less than what QIC paid for it in 2015.

Far from the grassroots movement it claimed to be, the No campaign against the Voice to Parliament was funded by some of Australias wealthiest.

Mall sales have slowed somewhat this year after two bumper years and amid renewed concerns about the retail sector’s resilience as cost of living pressures rise.

ASIC has confirmed it has placed interim stop orders on the offer and distribution of two managed funds directly to retail investors in response to deficiencies in the funds’ target market determina

In response to deficiencies in the funds’ target market determinations. ASIC has confirmed it has placed interim stop orders on the offer and distribution of two managed funds directly to retail inv

The freehold housing one of Melbourne’s earliest 21st century craft breweries, is on the market.

Investors looking for secure returns have pushed up prices over the past two years for well-leased convenience and small retail assets, with the yields on some fuel outlets sold at auction falling below 5 per cent. 

The mooted sale will test the depth of appetite of shopping centres, which rebounded last year on the way to a record tally in mall transactions.

The Casuarina deal follows a broader rebasing of retail real estate values following the pandemic, which then spawned a wave of transactions