The former chief executive of Vicinity,which owns stakes in Melbourne’s Chadstone mall and Sydney’s QVB,left after he was investigated for sexual harassment.
Mirvac has anointed internal candidate Campbell Hanan as its next chief executive to steer the group through its next growth phase with a focus on creating a highly sustainable asset base with net carbon emissions.
A swathe of leading landlords have been awarded high rankings in the latest global sustainability benchmark assessments.
Shoppers are treating themselves to new wardrobes,jewellery and luxury goods.
The $8.5 billion landlord will start work on a 51-storey apartment tower,25 level office and new town square.
Ballroom dancing,big bands and yoga are ways of using unoccupied retail space as landlords morph traditional shopping centres away from the big box at each end of a walkway into living and breathing malls.
Monopoly Dreams,Lego,and table tennis bar Paddle Battle are just some entertainment-focused retailers taking advantage of prime vacant spaces in central Melbourne.
Australia’s big retail landlords are sanguine about the impact of rising inflation despite the likelihood prices will rise on many goods.
Vicinity Centres,which runs Australia’s biggest shopping centre,says the quick return of shoppers with intent to spend is driving a bounce in retail sales.
Shopping mall giant Vicinity Centres is suing key department store tenant Myer over unpaid rent at its flagship Bourke Street Melbourne store.
A wave of recent transactions and a shopping frenzy as malls reopen augurs well for Australia’s large shopping centre landlords,whose shares are still trading on the stock exchange at pandemic-induced discounts.