article thumbnail

Vicinity Centres posts highest occupancy rate since 2019

Inside Retail

per cent during the fiscal first half ended December 31, its highest point since 2019. During the six months, Vicinity entered into contracts for asset sales to fully fund the acquisition of the remaining 49 per cent of Chatswood Chase Sydney shopping mall. “1H Vicinity Centres reported an occupancy rate of 99.1 million from $176.3

article thumbnail

2019 vs 2020 vs 2021: How has Covid impacted Christmas?

Inside Retail

If you cast your mind back to 2019, Christmas was business as usual. “E-commerce People were shopping in stores and Black Friday, Cyber Monday were becoming successful sale events on those specific days. But people were starting to shop for Christmas around that time. Consumers will continue shopping earlier.

Gifts 246
Insiders

Sign Up for our Newsletter

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

article thumbnail

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
article thumbnail

The Berry Tea Shop launches equity crowdfunding to scale business

Inside Retail

Craft tea retailer The Berry Tea Shop has launched an equity crowdfunding campaign via Birchal as it seeks to scale the business and expand its product portfolio. Founded in 2010 by Cliff and Paulina Collier, The Berry Tea Shop offers a selection of more than 48 varieties of loose-leaf tea, tea wares and accessories and includes a cafe.

Shopping 276
article thumbnail

Super Saturday Shopping Traffic Down Over 2019

VMS

percent on so-called Super Saturday, or the Saturday before Christmas, when compared to 2019 figures, according to preliminary data from Sensormatic Solutions. Super Saturday is seen as the second-busiest shopping day of the holidays, after Black Friday. Shopper visits to retailers dropped 26.3 Year-over-year traffic was up 19.4

article thumbnail

PAG to buy Midland Gate shopping centre for $465 million

Inside Retail

The Midland Gate shopping centre in Perth has attracted the interest of Hong Kong-based alternative investment firm PAG, which partnered with Australian property syndication company Fawkner Property to purchase the asset for about $465 million. It also houses an eight-screen Ace Cinemas complex.

Shopping 246
article thumbnail

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