This Month
Prezzee co-founder quits Shaun Bonett-owned gift card company
Claire Morris is leaving the group, and resigning as its brand ambassador. It follows a string of senior executive departures in the last 18 months.
- Primrose Riordan
Westfield Bondi owner says shoppers are back after horror attack
Scentre chief executive Elliott Rusanow said the mall operator had increased security spending as it returned to a “different” normal after the fatal attack.
- Campbell Kwan
Vicinity, ISPT offload WA mall for $70m, taking capital loss
The Halls Head Central shopping centre was once valued at $114 million.
- Campbell Kwan
April
The homeschooled billionaire who built a fortune before turning 40
Shaun Bonett was the country’s richest person under 40 in 2007. Now a billionaire, he shares his story, including a humiliating $25 million mistake.
- Julie-anne Sprague
‘It’s going to take time’: Bondi mourns as retail goes into limbo
Westfield Bondi Junction was silent on Thursday as its doors opened to the public for the first time, five days after a stabbing attack that killed six people.
- Campbell Kwan
Westfield Bondi Junction to reopen with increased police presence
The shopping centre where six people died from a stabbing attack will be open on Thursday for a reflection day before normal trading resumes on Friday.
- Campbell Kwan
Westfield, retailers at odds over pre-attack drills
Days after six people were fatally stabbed at a Westfield Bondi Junction, it has been revealed it did not perform drills on how to respond to such a threat.
- Campbell Kwan, Michael Bleby and Gus McCubbing
Vicinity sells suburban Perth shopping centre to Realside
Returns could be juiced up by the asset’s circa three hectares of vacant land.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Scentre shareholders deliver first strike against CEO’s $5.5m pay
Despite delivering distributions ahead of expectations over the 2023 year, the Westfield owner’s remuneration report has suffered a protest by shareholders.
- Nick Lenaghan
February
Westfield owner Scentre beats guidance with 5.4pc lift in payout
Scentre’s leasing spreads, the difference in rents between old and new agreements, is expected to remain positive even as consumer spending slows.
- Campbell Kwan
Mall owner Vicinity locks in retail rebound
The shopping centre landlord took advantage of stronger than expected retail conditions to lock in higher rents, improving its earnings guidance as a result.
- Nick Lenaghan
Nick Scali, Myer shares rally as retailers defy gloom
The CEO of sofa retailer Nick Scali said sales momentum spilled over into January, reflecting more positive consumer sentiment and tax cuts.
- Carrie LaFrenz
January
- Exclusive
- Retail property
$3.5b of offshore dry powder looking for shopping centre deals
Foreign investor confidence in Australian malls is rising after more than $3 billion worth of retail assets sold in the December quarter alone.
- Campbell Kwan
Neighbourhood mall deal activity to pick up as cap rates rise to 6pc
The gap between buyer and seller expectations for neighbourhood malls has narrowed, providing fertile ground for more deals in 2024.
- Campbell Kwan
Why this billionaire’s gift card company is still losing money after 10 years
Prezzee, which sells gift cards and is backed by Shaun Bonett, has shown a $40 million loss but says accounting rules are to blame.
- Primrose Riordan and Nick Bonyhady
December 2023
What this economy means for Boxing Day sales
Retailers are hoping shoppers splurge $1.25b in just 24 hours, but economists warn even that will not be enough to produce an end of year boom.
- Hannah Wootton
The man who made millions selling Christmas
Tim Clarkson has carried on a 130-year-old family business by being the biggest player in the $50 million-plus Christmas decorations market.
- Campbell Kwan
Lendlease mall investors finally get their money back
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.
- Campbell Kwan and Nick Lenaghan
Why Haben expects a Townsville mall to deliver an 8.5pc return
A flurry of mall deals has kicked off the week, including Stockland divesting its Townsville mall to Haben and Charter Hall divesting two malls for a total of $225.5 million.
- Campbell Kwan and Larry Schlesinger
Investors could net over 7pc returns from shopping mall deals
Greenpool Capital and Fawkner Properties have engaged in retail property deal activity to get compelling returns.
- Campbell Kwan
