General Retail - Supermarkets, Shopping Centres, Department Stores

[verbatim9]

Couriermal.com.au---> Kaufland withdrawals from the Supermarket race in Australia.

Kaufland says it will make an `orderly withdrawal' from the Australian market to concentrate on its European business

In a shock move, major international supermarket Kaufland, which has been preparing for a large presence in Australia, including Queensland, has decided to leave the country

Bummer that they are going. There would of been stores at Richlands, Burleigh Morayfield and Toowoomba. I was always sceptical of the move to introduce another hypermarket style supermarket into Australia. Swartz is better to rollout Lidl stores which are smaller format. The stores are more local neighbourhood friendly. They can utilise retail space under apartments and offices catering for urban dwellers. Better coverage in urban areas as well.

I don't think there is a retail recession but people's habits are changing. Amazon is expanding so there is money still to be had in retail.

These hypermarket model.supermarkets focus on selling everything. We do have alot of red tape preventing supermarkets in all jurisdictions to sell everything. Namely pharmaceuticals and alcohol. Red tape needs to be eliminated in these areas to entice new entrants to the sector and support existing supermarket businesses. Retail hours should also be fully deregulated.. A checkout free model is also the way to go mitigating wage costs.

[verbatim9]

Couriermail.com.au---> New Coles likely to be built at Ipswich Rd, Annerley

Why Coles could be the next tenant at Ipswich Rd, Annerley site
One of Brisbane's busiest roads will get a new supermarket, retail and office complex on a site which has sat unused for over two years. FIND OUT WHERE IT'S GOING.

Thomas Morgan, Urban Affairs reporter, The Courier-Mail
Subscriber only

January 24, 2020 12:27pm

PLANS have been submitted for a new four-storey shopping complex along one of Brisbane's busiest roads.

The new centre on the corner of Ipswich Rd and Aubigny St, Annerley would include space for a new supermarket, liquor store and offices.

Gyms, childcare in shopping strip's three-storey rebuild

Proposed apartments slammed by locals as 'a joke'

While there is no concrete confirmation of which supermarket will move into the complex, the development application drops some interesting hints.

"Coles is under-represented in the area," the application states.

"Currently, customers and residents within the catchment area have restricted choice of supermarket brands."

Renders also show the building will have a red facade, strikingly similar to Coles' current colour scheme.

The location is 1.5km south of the recently refurbished Woolworths Annerley, also on Ipswich Rd, and 1.9km north of Woolworths Moorooka on Beaudesert Rd.

The site, which includes a pre-1946 character home, was previously used as car saleyards until 2017.

The design will preserve the historic home and will have 155 car parks and 28 bike spaces on site.


The site's developer, Capital Transactions Pty Ltd, states construction will create 105 jobs and the finished supermarket and liquor store will have a further 150 ongoing jobs.

The supermarket is planned to be 3,641 sqm, although the developer notes "an undersupply of 7,200 sqm of retail floorspace in the trade catchment of the subject site."

[verbatim9]

Couriermail.com.au---> New Coles likely to be built at Ipswich Rd, Annerley

Why Coles could be the next tenant at Ipswich Rd, Annerley site
One of Brisbane's busiest roads will get a new supermarket, retail and office complex on a site which has sat unused for over two years. FIND OUT WHERE IT'S GOING.

Thomas Morgan, Urban Affairs reporter, The Courier-Mail
Subscriber only

January 24, 2020 12:27pm

PLANS have been submitted for a new four-storey shopping complex along one of Brisbane's busiest roads.

The new centre on the corner of Ipswich Rd and Aubigny St, Annerley would include space for a new supermarket, liquor store and offices.

Gyms, childcare in shopping strip's three-storey rebuild

Proposed apartments slammed by locals as 'a joke'

While there is no concrete confirmation of which supermarket will move into the complex, the development application drops some interesting hints.

"Coles is under-represented in the area," the application states.

"Currently, customers and residents within the catchment area have restricted choice of supermarket brands."

Renders also show the building will have a red facade, strikingly similar to Coles' current colour scheme.

The location is 1.5km south of the recently refurbished Woolworths Annerley, also on Ipswich Rd, and 1.9km north of Woolworths Moorooka on Beaudesert Rd.

The site, which includes a pre-1946 character home, was previously used as car saleyards until 2017.

The design will preserve the historic home and will have 155 car parks and 28 bike spaces on site.


The site's developer, Capital Transactions Pty Ltd, states construction will create 105 jobs and the finished supermarket and liquor store will have a further 150 ongoing jobs.

The supermarket is planned to be 3,641 sqm, although the developer notes "an undersupply of 7,200 sqm of retail floorspace in the trade catchment of the subject site."

There is a supermarket shortfall in the area being as dense as it is. I hope it gets approved quickly and goes ahead. That area will boom when a new bypass tunnel goes in. It will definitely help gentify the area, encourage new apartment builds and urban renewal.

[Jonno]

All these shopping centers showing single storey developments should have 3-4 stories of apartments on top of them!! Mandatory

[verbatim9]

All these shopping centers showing single storey developments should have 3-4 stories of apartments on top of them!! Mandatory

That's true, make use of the limited space and provide for the housing shortfall.

[verbatim9]

Your neighbourhood--->http://www.yourneighbourhood.com.au/moggill-road-moggill/

Approved: A005260713 - 3366 MOGGILL RD MOGGILL QLD 4070 - Outcome of Development Application (id:3655245)

[verbatim9]

We're cooking up a new look for the food court! You may have noticed access to the food court toilets is closed, but don't fret! Just follow the green line on the floor and you'll be there in a jiffy!
Exciting things are coming.... @Indooroopilly--->https://www.facebook.com/191429304223968/posts/2986625451370992/?substory_index=0

[verbatim9]

Property Observer---> Savills marketing Inner West Brisbane development site offered with Coles pre-lease

A prime Taringa development site in Brisbane's Inner West has been offered to the market 100% preleased to Coles.

The purchasor will obtain the development approvals and construct the development.

Savills National Retail Investments Jon and Peter Tyson are marketing the 5,306 sqm site.

Situated at 216-224 Moggill Road, the site is for sale via an expressions of interest campaign closing October 31.

The Coles lease is for a period of 12 years plus options and includes the construction of a Liquorland.

Located 5.5 km from the Brisbane CBD, the GLA of the property will be 2,840 sqm (proposed).

The freestanding supermarket will be the most convenient in the area, according to the marketing material, with access to over 17.2 million cars annually.

[verbatim9]

Took a couple pics of the new David Jones frontage and cafe @ Carindale. "There is no other store like..."

[verbatim9]

Goodlife Gym and a new concept dining precinct confirmed on top of Woolies and other services for West Village.

[verbatim9]

Louis Vuitton ram-raid, that occurred around 4am this morning.







https://www.brisbanetimes.com.au/national/queensland/thieves-smash-car-into-queen-street-louis-vuitton-store-20200213-p540bq.html^^What happened to the bollards that were meant to prevent this thing from happening? They need to reposition the bollards!

[verbatim9]

Couriermail.com.au----> Woolworths unveil new distribution centre in Brisbane for 260 stores

Woolworths unveil new distribution centre in Brisbane for 260 stores

A supermarket giant has submitted new plans for a huge 42,000sq m distribution centre in Brisbane's west that has the potential to create hundreds of construction jobs alone.

SUPERMARKET giant Woolworths has unveiled plans for a new $184 million distribution centre in Brisbane's west.

The new 42,000sq m facility specialised in distributing frozen and long-life products has been described as 'state-of-the-art' by the company and will create 200 jobs during construction.

"This development will help us deliver fresher food to customers, take trucks off Brisbane's roads, and create new career opportunities for hundreds of Queenslanders," Woolworths chief supply chain officer Paul Graham said.

"The extra capacity through the Heathwood DC will be key to supporting our future growth in Queensland for many years to come," Mr Graham said

The Heathwood Distribution Centre will be temperature controlled throughout to help move frozen produce from over 400 suppliers.

It has capacity to move two million cartons of chilled goods a week, and will neighbour Hilton Meats' current facility, taking 390 truck movements between the two companies off Brisbane's roads each week.

The plans were submitted to Brisbane City Council today for approval.

[techblitz]

heh....I would be able to afford a flash new distribution center too if I ripped my workers off to the tune of 315 million dollars...and counting....
https://thenewdaily.com.au/finance/work/2020/02/26/woolworths-wage-theft/

[JustSomeTrainGuy]

^ Similarly, Coles recently announced plans for two new automated DC's costing just under $1bn. Did someone say making a profit off the backs of underpaid staff? Oh wait, can't underpay your staff if you don't have any!

[verbatim9]

Couriermail.com.au---> Capital Partners pay $84.5m for the Great Western Super Centre at Keperra

PRIME SITE
Consolidated Properties and CVS Lane Capital Partners pay $84.5m for the Great Western Super Centre at Keperra
A Brisbane property group and its partner have bolstered their retail portfolio to an eye-watering $485 million with the purchase of a suburban shopping centre now set for a major upgrade.

A LOCAL property group and its Sydney-based partners have kicked off the year with the second largest purchase of a Brisbane neighbourhood shopping centre in the past 12 months.

Consolidated Properties Group and CVS Lane Capital Partners paid $84.5 million for the Great Western Super Centre on Samford Rd, in Keperra in Brisbane's north western suburbs.

The purchase has pumped the partnership's retail portfolio up to $485 million, including seven shopping hubs either complete, under renovation or in the pipeline throughout southeast Queensland.

Consolidated Properties chief executive Don O'Rorke said 2019 was the most active year yet for the partnership, taking into account the purchase of Arndale Shopping Centre in Springwood for $35.5 million, with a $15 million upgrade of that centre now underway.

"We will be undertaking an aesthetic upgrade to the entire Great Western centre, with the aim of attracting new tenants to improve the already robust retail offering," he said.

"Great Western fits our strategy of acquiring established neighbourhood centres in high growth corridors — there are more than 1500 new homes planned in the surrounding area, and this level of population growth warrants an improvement to major retail infrastructure."

Great Western Super Centre is 10km north west of the Brisbane CBD and has 15,400sq m of floor space anchored by Woolworths and Aldi, alongside six mini majors and 44 specialty stores. It is on a 6.49ha site.

According to CoreLogic it last changed hands in 2013 when it was bought by the ASX-listed Charter Hall for $62.9 million

The sale of the Great Western Centre was struck by JLL's Jacob Swan and Sam Hatcher.

Mr Hatcher said there was ongoing demand for non-discretionary anchored retail, particularly in metropolitan locations.

"Furthermore, properties with strong underlying land value and long term future development potential are highly sought by investors," he said.

"This investment opportunity offered scale in non-discretionary retail, which has historically been challenging to achieve. It was the second largest neighbourhood centre sale in the last 12 months.

"As retail continues to evolve, we will continue to see more shopping centres blurring the lines between the traditional classifications and transform into more hybrid-style shopping centre formats."

CVS Lane Capital Partners Chief executive lee centra said their partnership with Consolidated Properties is looking forward to delivering on the refurbishment and leasing plans across their portfolio, with the possibility of further acquisitions and expansion on the cards.

"Last year was a very fruitful year for us, but it is really just the beginning," he said.

"In 2020 we expect to be commencing work on a 17,000sq m retail and commercial hub at our $850 million Yeerongpilly Green community.

"We will also be putting the finishing touches on our upgraded retail centres at Palm Beach on the Gold Coast and Wilsonton in Toowoomba while continuing work at our centre at Karalee in Ipswich."

^^Great Western Super Centre in Keperra.


^^Artist's impression of the $20 million revamp of the Wilsonton Shopping Centre in Toowoomba.

[Cazza]

This screams out more buses for Keppera, Ferny Grove, Upper Kedron and The Hills district, along with better connections over Settlement Rd to The Gap and beyond as well as to Brookside and Mitchelton Station/transport hub.

[verbatim9]

Commercial Realestate---> TROPHY BRISBANE CBD WOOLWORTHS INVESTMENT OPPOSITE CENTRAL STATION

TROPHY BRISBANE CBD WOOLWORTHS INVESTMENT OPPOSITE CENTRAL STATION
New 7-year lease
Highly Secure Trophy Retail Investment
One of Brisbane's busiest intersection
CBRE and JLL are pleased to exclusively present an opportunity to acquire a Blue-Chip Retail Investment in the heart of the CBD. Leased to Woolworths Limited, a Top 20 ASX Listed Company (AUD $50bn) and Australias number one food retailer. Woolworths is considered by property investors as one of Australias premier covenants.

Some of the Key Investment Highlights of the Brisbane CBD Flagship Woolworth Metro include:
* Strong performing ground floor Woolworths Metro Store
* 7-year initial lease term starting 18th November 2019 and options through to November 2048
* 592sqm* NLA Woolworths Metro comprising of a new state-of-the-art fit-out
* Supported by a myriad of major public transportation in the surrounding bus network and Brisbane Central Train Station
* Strategically a dual street frontage with 30m to Edward Street and 28m to Ann Street
* Substantial foot traffic totaling 16 million* annually
* Enormous exposure and prominent signage with dual 58 metre street frontage
* CPI Annual rent reviews
* Fully leased Net Income $520,730 p.a. As At 31 march 2020

For Sale via Expressions of Interest closing Thursday 19th of March 2020 at 4.00pm (AEST)

For more information please contact the exclusive sales and marketing agents at CBRE & JLL.

Jacob Swan
JLL - Brisbane
Jacob Swan
JLL - Brisbane
Email
+61 *** ***

[verbatim9]

Taken a couple of weeks ago, Aldi West end finally getting a refurb. Reopening on March 28, Local Government Election Day.

[verbatim9]

Couriermail Quest---> Crowds gather from 5.30am for Toilet paper, hand wash, all on sale at Flagstone's new Coles

Toilet paper, hand wash, all on sale at Flagstone's new Coles

THE coronavirus did not deter shoppers to a new Coles supermarket store which opened south of Brisbane this morning.
Coles at Homestead Drive, Flagstone, opened at 7am after a crowd started gathering at the front doors as early as 5.30am.
Police and security guards were on site and there were crowd control measures in place to limit the number of people entering at once after a bottleneck at the front door.
Once inside, shoppers found plenty of food.

Flagstone resident Bryan Bartlett, took time out from campaigning for a local government seat in area to check out the new centre, built by developer Peet.
"Everyone was calm and well behaved and we had no trouble getting essentials like hand wash and toilet paper, even though there were limits," he said.
Staff had all cash registers working and were walking the aisles helping and answering questions.
Coles employed 75 people for the store opening.
A pharmacy also decided to open a week early.

Flagstone is poised for rapid growth with 12,000 homes planned and a 126-hectare CBD to be built over the next 20 years.
Plans for a future hospital, tertiary campus and train station are also in the pipeline.
The Coles store has than 240 car parks including 160 shaded parking bays.

[verbatim9]

With bars and clubs closing. Liquor stores and Supermarkets with Liquor are being swamped.

The bottle shop bedlam has begun. Live updates here: https://t.co/wmBU0EgE0x https://t.co/LKN5LBdeLN

https://twitter.com/theage/status/1241638101035909125

[verbatim9]

^^No wonder people are panic buying with breweries potentially shutting down #liquor #lockdown #coronavirus

https://twitter.com/BrendanDonohoe7/status/1241642310107975680

[verbatim9]

Supermarkets, pharmacies in NSW get green light for 24-hour trading https://t.co/87pCzAk2L4 via @brisbanetimes When is the Qld Government going to act and allow longer trading hours at all Supermarkets in Qld? #conronavirus #LNP #LNPQLD #Qldlabor #retailhours #OZretailers

https://twitter.com/verbatim18/status/1242805853062823937

[verbatim9]

^^This needs to be addressed in Qld, especially with the Corona Virus pandemic. Residents of Qld should have the opportunity to shop a bit later until 10 or 11 pm. This will allow people to adhere to the 1.5 m distance rule better, as well as being able to shop off peak with peace of mind. When the supply chain returns to normal in a few weeks there should be an opportunity to safely shop at Supermarkets in Qld off peak.   

[verbatim9]

Inside Retail--->7-eleven to start home delivery

7-Eleven launches home delivery service
April 14, 2020 Sarah Stowe

Convenience chain 7-Eleven Australia has launched a delivery service in Melbourne, with plans to extend this interstate in coming months.

The initiative harnesses the capabilities of the 7-Eleven Group's 2018 acquisition, Tipple.

CEO Angus McKay said it took about two weeks to develop and implement the new essential goods delivery service.

"The 7-Eleven Group acquired a majority stake in Tipple in 2018, as part of our investment in on-demand 'last-mile' delivery and technological capability. By working with their network of delivery drivers, we're able to provide consumers with more options to get the things they need while minimising how often they need to leave their house.

"We are rolling this out in Melbourne for most suburbs and will look at other states in the coming months," he said.

"This new service is ideal for people who are unable to get out to get basic essentials or ready to eat foods and need delivery within a shorter time frame. In some suburbs there are within the hour delivery options, but for most suburbs, customers can order for next day delivery."

The new service from the Australian owned and operated convenience chain provides a contactless  shopping process for consumers who can log on online, enter their address and place their order.

Delivery initially is being operated out of selected Melbourne stores, mostly franchised outlets, to test the technology and logistics. The delivery cost is $7.95.

The sales go through the store that fulfils the order, with the same profit share arrangement as an over the counter transaction.

While the delivery service ramps up for stay-at-home consumers, the 700 + stores remain open for essential workers and other shoppers seeking fuel, food and other staples.

"Our stores are open around the clock and part of the suburbs in which we live. Our store teams are working incredibly hard on increased cleaning routines and helping customers with the new social distancing requirements in-stores," McKay said.

[verbatim9]

BCC PD online---> Coles Local Approved at 89 Adelaide Street


Coles Local Approved at 89 Adelaide Street

[AnonymouslyBad]

^ Reckon it'll open past 8pm? 

[verbatim9]

Hopefully

[verbatim9]

Couriermail.com.au--->$450m Toowong Town Centre to feature plaza and office residential and retail buildings

A cutting edge $450 million high street town centre development promises to be the heart of the inner western suburbs and employ hundreds of workers.

A $450 million development that promises to be the 24/7 beating heart of Brisbane's inner western suburbs will feature a town centre that will become the focal point of the local community.

A Development Application has been lodged with the Brisbane City Council to build Toowong Town Centre on the corner of High St and Sherwood Rd.

The precinct's design is based on an "open street theme" will have retail, commercial, residential, entertainment, and leisure facilities along with a range of services like childcare, gym and medical centre across the 9000sq m site.

Developed by State Development Corporation and White & Partners Sydney, Toowong Town Centre will have an open air plaza that includes a water feature that converts to a stage area.

The plaza will be used for outdoor dining and food festivals, small concerts, community and special events. The plaza also allows continued easy access to the train station, bus stops and Toowong Village.

State Development Corporation managing director Ross McKinnon said the development will invigorate the precinct with potential for as 24/7 lifestyle where people can live, work and play.

"Inspiration for the design has come from one of the greatest outdoor shopping centres in the world, The Grove Shopping Centre in Los Angeles which incorporates the best characteristics of a high street in the one development," he said.

"Brisbane has a similar climate to Los Angeles, and we believe the open street theme along with the open-air plaza is the perfect combination to enhance the existing Toowong area.

"Now more than ever, Toowong needs a heart — a civic plaza to give the suburb a focal point the neighbourhood and community can identify with.

"We see the plaza as being an ever-changing meeting area — an iconic location that changes from day to night, week to week, and season to season."

More than 50 per cent of the site will be dedicated to public space, including open-air plazas and community meeting areas where locals can take advantage of Brisbane's subtropical climate and lifestyle.

Mr McKinnon said the COVID-19 epidemic will delay the project for about six months.

"But we will probably start our marketing program when we have approval and we feel that the market has recovered enough from the current conditions to make it worthwhile," he said.

He said the whole area will be demolished and he expects a two-year construction schedule and about 300 workers will be employed.

State Development Corporation and White & Partners purchased the site from Stockland which had plans to build three residential towers. The site was originally one of the first Woolworths supermarkets in Queensland, opening in 1956.

"Most of the 150m frontage to High St has been a blank concrete wall for more than 60 years. We now have the chance to create a whole new image for High St and Sherwood Rd," Mr McKinnon said.

"Many inner-city locations either have too much residential or too much office space. High residential areas are often quiet during the day when people go to work, and similarly office areas tend to become ghost towns on weekends.

"The mix of retail, office, residential, entertainment and the services we are proposing should provide a strong and active development."

[verbatim9]

^^The redevelopment of the old Woolworths site in Toowong. A huge improvement.

[verbatim9]

Couriermail.com.au--->$450m Toowong Town Centre to feature plaza and office residential and retail buildings

A cutting edge $450 million high street town centre development promises to be the heart of the inner western suburbs and employ hundreds of workers.

A $450 million development that promises to be the 24/7 beating heart of Brisbane's inner western suburbs will feature a town centre that will become the focal point of the local community.

A Development Application has been lodged with the Brisbane City Council to build Toowong Town Centre on the corner of High St and Sherwood Rd.

The precinct's design is based on an "open street theme" will have retail, commercial, residential, entertainment, and leisure facilities along with a range of services like childcare, gym and medical centre across the 9000sq m site.

Developed by State Development Corporation and White & Partners Sydney, Toowong Town Centre will have an open air plaza that includes a water feature that converts to a stage area.

The plaza will be used for outdoor dining and food festivals, small concerts, community and special events. The plaza also allows continued easy access to the train station, bus stops and Toowong Village.

State Development Corporation managing director Ross McKinnon said the development will invigorate the precinct with potential for as 24/7 lifestyle where people can live, work and play.

"Inspiration for the design has come from one of the greatest outdoor shopping centres in the world, The Grove Shopping Centre in Los Angeles which incorporates the best characteristics of a high street in the one development," he said.

"Brisbane has a similar climate to Los Angeles, and we believe the open street theme along with the open-air plaza is the perfect combination to enhance the existing Toowong area.

"Now more than ever, Toowong needs a heart — a civic plaza to give the suburb a focal point the neighbourhood and community can identify with.

"We see the plaza as being an ever-changing meeting area — an iconic location that changes from day to night, week to week, and season to season."

More than 50 per cent of the site will be dedicated to public space, including open-air plazas and community meeting areas where locals can take advantage of Brisbane's subtropical climate and lifestyle.

Mr McKinnon said the COVID-19 epidemic will delay the project for about six months.

"But we will probably start our marketing program when we have approval and we feel that the market has recovered enough from the current conditions to make it worthwhile," he said.

He said the whole area will be demolished and he expects a two-year construction schedule and about 300 workers will be employed.

State Development Corporation and White & Partners purchased the site from Stockland which had plans to build three residential towers. The site was originally one of the first Woolworths supermarkets in Queensland, opening in 1956.

"Most of the 150m frontage to High St has been a blank concrete wall for more than 60 years. We now have the chance to create a whole new image for High St and Sherwood Rd," Mr McKinnon said.

"Many inner-city locations either have too much residential or too much office space. High residential areas are often quiet during the day when people go to work, and similarly office areas tend to become ghost towns on weekends.

"The mix of retail, office, residential, entertainment and the services we are proposing should provide a strong and active development."

^^The redevelopment of the old Woolworths site in Toowong. A huge improvement.

Similar to Gasworks without the supermarkets. Hopefully a small format metro supermarket can be integrated into the design. (Woolies Metro)? The current Coles supermarket for Toowong is insufficient.

[verbatim9]

After looking at the plans it seems to now include a Supermarket.

[JustSomeTrainGuy]

Similar to Gasworks without the supermarkets. Hopefully a small format metro supermarket can be integrated into the design. (Woolies Metro)? The current Coles supermarket for Toowong is insufficient.

Coles Toowong has reached a point where sales growth is severely limited by shop floor/back of house capacity issues that cannot be rectified at its current site. The shop is in line to become 3rd/2nd highest trading in the country, but does not have the capacity to sustain this.

[verbatim9]

Yes this existing supermarket even prior to the panic buying was hard pressed to keep up the stock levels. Some lines were always running low or out of stock. Coles Toowong and the local community would also benefit from extension of trading hours, for social distancing purposes and convenience.

[verbatim9]

Big W Calamvale has shut its doors. One of the first I believe in Qld to do so since announced 6-7 months ago. That store was always really quiet. There is a Big W Garden City anyway. A lot of these types of items that BIG W sell could easily be sold online quite competitively.



I wonder if the centre will reconfigure the space or allow another retailer that requires a large space just to move in?


Couriermail Quest--- Centre owners accuse Big W Calamvale of only giving 'hours' notice they were vacating lease

Centre owners accuse Big W Calamvale of only giving 'hours' notice they were vacating lease

The owner of a Brisbane shopping centre claims it was blindsided by a Big W store's sudden closure, accusing the retailer of capitalising on the coronavirus outbreak. And now, both parties are set to battle it out after the lease was broken seven years early.

^^Interesting! Its a good opportunity to get out of leases due to Covid19 exemptions

[SurfRail]

^ Not really.  "COVID-19 exists" is not sufficient reason to break a lease.  There are legislated protections around that (yet to come for QLD commercial leases but not far off now) but they assume the parties to the lease will continue to comply with it and negotiate reasonably based on the impact to the tenant's business.

[verbatim9]

Couriermail.com.au--->Construction has started on Coles Moggill Village which is the first new shopping centre in the area for almost five decades

Construction has started on Coles Moggill Village which is the first new shopping centre in the area for almost five decades
Construction has begun on a new shopping centre in Brisbane's western suburbs – featuring a major supermarket and another 18 shops – is the first in almost five decades in the area and is set to generate 370 jobs.

Chris Herde, The Courier-Mail
Subscriber only

April 30, 2020 2:05pm

CONSTRUCTION has started on the first new shopping centre in the Moggill area in Brisbane's outer west for almost five decades.

Coles Moggill Village at 3366 Moggill Rd will have a supermarket, 18 speciality shops and a first floor office component and is being developed by Consolidated Properties Group and Newground Capital Partners. It will create 370 jobs.

Consolidated Properties head of retail Kieran Cox said the new centre was a welcome addition to the Moggill and Bellbowrie communities.

"Population growth in the catchment area has grown significantly and with the strong prospect of continued growth into the future, Coles Moggill Village is a necessary addition," he said.

"The centre will include a larger than normal 3500sq m Coles Supermarket ensuring the community is well serviced in terms of product range and availability along with a selection of specialty and food and beverage operators to help fill the current void in the area.

"We've already secured a number of tenants to date including a fruit shop, delicatessen, restaurant, pharmacy, news agency, post office and cafe so there are only a handful of tenancies remaining."

The 6100sq m development is 30 minutes west of the Brisbane CBD and opposite Moggill State School.

Construction is being undertaken by Hutchinson Builders which will generate 200 jobs and once the doors are open Coles is expected to employ 120 people and there will be another 50 positions within specialty retailers.


Construction is expected to be completed by mid 2021.

Newground Capital Partners managing director Daniel Erez said the development of Coles Moggill Village demonstrates the strength and resilience of the neighbourhood centre asset class due to its ability to withstand typical market movements and also not so typical movements, such as those experienced during the recent pandemic.

"The region is booming with strong population growth and an average household income 30 per cent above the Brisbane average," he said.

"We have a great opportunity to meet the retail gap in the area while providing investors with access to a defensive asset class that generates income underpinned by a national supermarket tenant."

[verbatim9]

^^At the back of the Coles development they are going to create a Koala sanctuary reserve as part of the development.

They are going to locate a new colony there

[verbatim9]

Couriermail.com.au (Quest)---> Shopping centres go solar to help cut state's electricity bill

LOGAN

Shopping centres go solar to help cut state's electricity bill
Four of the state's largest shopping centres, operated by a government-owned corporation, will get solar panels covering their entire roofs in a bid to cut electricity bills.

Judith Kerr, Quest Newspapers

Subscriber only

May 6, 2020 2:20pm

The roof of QIC's Domain Centre at Townsville is perfect for solar panels.

FOUR major shopping centres in Queensland will soon have solar panels covering their entire roofs as part of a state plan to slash its electricity bills.

Logan Hyperdome, Robina Town Centre on the Gold Coast, Grand Central Shopping Centre in Toowoomba and Domain Central in Townsville will be the first centres to get solar panels across their entire roofs.

Melbourne's Water Gardens Shopping Centre will also get the energy-saving technology as part of a new partnership with state governments to deliver 15MW of renewable energy.
Energy Queensland's renewables business, Yurika, joined forces with the state government's Queensland Investment Corporation, which owns the centres.
Domain Central will be the first to benefit and will become the first in the country to be fully energy self-sustained in three years. t will be followed closely by panels being fitted to the roof of the Hyperdome.

Premier Annastacia Palaszczuk said clean energy was the future and the state already had $6 billion of renewable energy investments with a further 3240 MW projects built or under way.
"We're on track to exceed 20 per cent of energy from renewables this year and on target to reach 50 per cent by 2030," she said. "When I became Premier, we had no large-scale renewable energy projects in Queensland."

A Hyperdome trader, who did not want to be named, said they had not heard whether the state would pass on any of the savings from solar electricity generation to retailers renting at the centre.
"Traders have not been told yet whether to expect to see any savings."

Energy Minister Anthony Lynham said the shopping centre solar panels along with other state renewable energy projects were putting downward pressure on electricity prices.
QIC managing director Michael O'Brien said the rollout of the solar panels would be in phases with the four Queensland centres getting the technology first. He said the solar panels would allow the centres to be fully energy self-sustained within three years, providing clean energy to retail partners and significant relief to the energy network.

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In light of Solar Voltaic panels coming down in price it maybe beneficial? The latest of Michael Moore's documentary films (Plant of The Humans) does highlight some of the problems that renewable energy is facing.

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Couriermail.com.au---Mt Ommaney shopping centre changes hands with Brisbane family's $285m splurge for full ownership

Mt Ommaney shopping centre changes hands with Brisbane family's $285m splurge for full ownership
With its acquisition of a 25 per cent interest late last year, the latest transaction brings YFG's total investment in Mt Ommaney Shopping Centre to $379.5 million.

Phil Bartsch, The Courier-Mail
Subscriber only

May 12, 2020 2:33pm
Mt Ommaney Centre in Brisbane's western corridor.


A BRISBANE-based family has secured full ownership of Mt Ommaney shopping centre in the city's western corridor.

YFG Shopping Centres, controlled by the Fu family, has snapped up the remaining 75 per cent stake in the retail centre from Nuveen Real Estate in a $285 million deal.

With its acquisition of a 25 per cent share in the asset from Vicinity Centres late last year for $94.5 million, the latest transaction brings its total investment to $379.5 million.

CBRE negotiated the latest deal on behalf of Nuveen, which is one of the largest investment managers in the world with $180 billion of assets under management globally.

"Strategic, off-market transactions such as this, reinforce the ability for retail owners to secure competitive pricing outcomes in the current market," said CBRE's Simon Rooney.

"We expect this trend to continue, as investors seek out high-quality, rarely traded retail opportunities offering attractive return parameters."

The Mt Ommaney transaction provides YFG full control over the centre, with a total gross floor area of 56,469sq m, over 20,000sq m larger than the next most significant retail centre.

The centre is anchored by a triple supermarket offer of Coles, Woolworths and ALDI, together with a triple discount department store offer of Kmart, Big W and Target.

An artist's impression of the outside of the redeveloped entertainment and leisure precinct at the Mt Ommaney shopping centre.

Mr Rooney said the asset would continue to benefit from the extensive population growth occurring in the region and provided significant future redevelopment opportunities.

This includes an approved development application for a 11,481sq m expansion, including a state-of-the-art cinema, casual dining precinct and entertainment destination together with an improved bus interchange and increased parking.

YFG controls 20 shopping centres in southeast Queensland, including Australia Fair on the Gold Coast and Brookside Shopping Centre in Brisbane's north.

Nick Evans, Nuveen Real Estate's head of Asia Pacific said the exit price "reflects a premium to book value and is an excellent outcome for our client".

The Mt Ommaney acquisition follows circa $1.2 billion in subregional shopping centre transactions across Australia in 2019, including the CBRE negotiated sales of Brimbank Shopping Centre, VIC ($153m), Corio Central, VIC ($101m) and the 25 per cent stake of Mt Ommaney Centre ($94.5m).