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Melbourne commercial property: Vicinity steps up asset sales to fund new developments

Retail landlord Vicinity Centres has stepped up its asset sale program with the divestment of a half share of the just-opened Broadmeadows Central mall in Melbourne to Nikos Property Group for $134.5 million, with the proceeds going to repay debt.

New south walesSebastian faheyDavid mahoodNick willisSam hatcherAndrew quillfeldtSydney carlingford courtJy groupHomemaker centre broadmeadowsBroadmeadows centralHoyts cinemasTelstra superCarlingford courtTamworth homespaceGood guysFantastic furniture

Woolworths, Coles offload $160m of neighbourhood centres

The neighbourhood mall market has come roaring back to life with Coles and Woolworths selling four centres on yield above 5 per cent.

South australiaNew south walesGold coastNick willisJoe tynanSimon rooneySam hatcherJames douglasNed mckendrySebastian faheyTony tranJacob swanJames wilsonJustin dowersDavid mahoodTim mcintosh

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