News

Aussies are heading back to shopping centres in high numbers as coronavirus restrictions start to ease, according to new data

Research from Roy Morgan found Aussies are returning to shopping centres as coronavirus restrictions ease around the country. Foot traffic has steadily increased in Melbourne and Sydney shopping centres since the Easter long weekend. Those returning are mostly younger, socially aware and culturally diverse group of people the company calls […]
Aussies are heading back to shopping centres in high numbers as coronavirus restrictions start to ease, according to new data
Markets

Frank Lowy is selling Westfield for $32 billion

Australian retail property giant Westfield is selling the international arm of its business to Paris-based commercial property company Unibail-Rodamco in a $32.7 billion deal that’s the country’s biggest corporate takeover. Under the terms of the agreement, Westfield securityholders will receive a combination of cash and shares in Unibail-Rodamco, valuing each […]
Frank Lowy is selling Westfield for $32 billion
News

How Australian shopping centres are changing to fight online shopping

Even before the arrival of Amazon, online shopping is devastating Australian retail. In the past year, sales in physical stores grew only 3% while online shopping grew almost 10%. Foot traffic in physical stores has fallen by almost 5% this year alone. Both retailers and shopping centre operators have to […]
How Australian shopping centres are changing to fight online shopping