Ratio Consultants’ Post

🛍️ Monday Market Insights - Melbourne's & Victoria's Retail Scene 🛍️ The Victorian Government's recent announcement of a fast-track housing program in ten Melbourne suburbs is set to reshape the city's retail landscape. The 10 suburbs named as recipients of the pilot program are: Broadmeadows, Camberwell Junction, Chadstone, Epping, Frankston, Moorabbin, Niddrie (Keilor Road), North Essendon, Preston (High Street), and Ringwood. These suburbs will see building heights double, and approval times for new developments drop to just 12 months. This initiative aims to add 60,000 more homes in these areas by 2051, creating significant opportunities for retailers in these various markets. What This Means for Retailers: - Increased Foot Traffic: With thousands of new homes being developed, retailers can expect a surge in foot traffic, particularly in key activity centres like Chadstone and Camberwell Junction. - New Retail Demand: The influx of residents will likely boost demand for essential services, dining, and lifestyle retail, providing a fertile ground for both established brands and new entrants. - Strategic Location Advantage: Retailers situated within a 10-minute walk of these activity centres will be particularly well-positioned to capitalise on the increased population density. To stay competitive in Melbourne's evolving retail landscape, stay tuned for more insights and updates in our upcoming posts! #RetailProperty #MarketInsights #EconomicUpdate

NSW sub-regional shopping centre for sale - Colliers Colliers experts James Wilson and Ben Wilkinson have been exclusively appointed to market Manning Mall at 81 Manning Street, Taree for sale on behalf of vendor Elanor Investors Group. The 29,740sqm site at 81 Manning Street, Taree comes with a total of 10,723sqm in GFA and is anchored by Coles Group and Target, and supported by 4 Mini Majors, 23 Specialties, 3 Kiosks, and 1 ATM “Manning Mall offers sophisticated investors the rare opportunity to acquire a high-performing sub-regional shopping centre with attractive risk adjusted returns."  James Wilson said. “With a strong WALE of more than 5 years and 75% of GLA secured by national tenants, Manning Mall presents itself as a dominant Centre within the catchment, further reinforced by Coles trading at a sub-3% occupancy cost." Ben Wilkinson added. Read more on COMMO - https://lnkd.in/gtFDSwdp Colliers James Wilson Ben Wilkinson Elanor Investors Group Harry Dever Hunter Higgins Nick Wedge Lachlan MacGillivray Richard Cash Tim McIntosh James Lawson Nathan Raj Andrew Kemmler Mia Kasalo Lea Levy Tiana McNamara #tareeinvestment #colliers #elanor #retailinvestment #manningmallforsale #manningmalltaree #sydneyre #centralcoastre #centralcoastinvestment

How Location Shapes Retail Success in Sydney CBD In the bustling city of Sydney, the retail landscape thrives amidst countless of choices. However, behind every successful retail venture lies a strategic decision — the choice of location. Sydney, known for its cosmopolitan allure and diverse neighbourhoods, offers a rich tapestry of opportunities for retailers. From the bustling streets of CBD to the trendy enclaves of Surry Hills and the coastal charm of Bondi, each location presents a unique set of challenges and advantages for retail establishments. Read more here: https://lnkd.in/gxVYphnZ #rhcparramatta #blogpost #industrialrealestate #marketupdate #trends #realestemarket #economy #investment #commercialofficespace #parramattarealestate #commercialsalesandleasing

Fort Kinnaird – Edinburgh’s leading retail park   Edinburgh’s leading retail and leisure park, Fort Kinnaird, continues to go from strength-to-strength.    Through its proactive asset management programme, it saw both footfall and retail sales increase over the last 12 months as shoppers flocked to experience its market-leading blend of retail and leisure. 160,000 sq ft of space has been recently leased via a combination of new lettings, renewals and regears, and there is a further 25,000 sq ft currently under offer. New retailers include MANGO, Holland & Barrett, Pandora, The Fragrance Shop and adidas, which opened its new ‘Pulse’ concept store on 28 June – its first in the UK. River Island upsized and opened its new store format and several other retail brands undertook store refits.  Fort Kinnaird also continued with its commitment to providing affordable space to the The Leith Collective CIC, a community interest company specialising in sustainable retail and supporting the local community, something which sits at the heart of the park’s ethos too.    There is an ongoing programme of investment confirmed to carry out upgrades to shop fronts and the public realm in the coming months and continued conversations with the most exciting local and national retail and leisure providers to ensure Fort Kinnaird stays at the front of the pack.    Sam Brown, British Land Asset Manager for Fort Kinnaird, said: “It’s been fantastic to see the success of Fort Kinnaird over the last 12 months, proving the concept of best-in-class, experience-led retail parks to drive retail sales performance and leasing demand. We’ve been working hard to drive this success and don’t plan on stopping now. Over the next six to 12 months, we have a number of exciting new opportunities due to come to fruition which we can’t wait to share with our retailers and customers alike.” Find available units at Fort Kinnaird: https://lnkd.in/euHSpRiV

🟢 BRITISH LAND CELEBRATES SUCCESS IN RETAIL PARKS 🟢 💼 British Land highlights the strength of retail parks as a "winning" format, citing affordability, omni-channel integration, and low capital expenditure as key advantages. 💼 🏬 The company reported strong momentum, achieving 387,000sqft of retail leasing in Q1 of its financial year, including 227,000sqft across its retail parks. Occupancy rates in this category have soared to 99%, with sales and footfall increasing by 6% and 1% year-on-year, respectively. 🏬 💥 British Land's portfolio strategy is further complemented by a planned 100,000sqft life sciences project at a former Debenhams in Bath, showcasing diversification amid economic uncertainties. 💥

🟢 BRITISH LAND CELEBRATES SUCCESS IN RETAIL PARKS 🟢 💼 British Land highlights the strength of retail parks as a "winning" format, citing affordability, omni-channel integration, and low capital expenditure as key advantages. 💼 🏬 The company reported strong momentum, achieving 387,000sqft of retail leasing in Q1 of its financial year, including 227,000sqft across its retail parks. Occupancy rates in this category have soared to 99%, with sales and footfall increasing by 6% and 1% year-on-year, respectively. 🏬 💥 British Land's portfolio strategy is further complemented by a planned 100,000sqft life sciences project at a former Debenhams in Bath, showcasing diversification amid economic uncertainties. 💥

Navigating success in an evolving retail landscape 🏘 The retail sector has experienced profound changes over the past decade, and particularly in the last five years and everyone involved in this sector, landlords and property professionals included, need to stay abreast of the shifting trends to remain successful in this sector and capitalise on new opportunities. 📃 The traditional model of merely opening shop doors in a high-footfall area and stocking shelves with popular items has evolved into a more complex, dynamic ecosystem driven by technological advancements, shifting consumer behaviours and innovative business strategies. #property #properties #propertynews #ferndale 📚 Read more on the link below ⬇️ https://lnkd.in/ddka9eQY

Revitalising Retail with Boom Retail! This is a Case Study of Successful Shopping Centre Transformation at The Grove Shopping Centre, Adelaide. The Grove is a sub-regional shopping centre in Adelaide S.A. Often, Boom Retail never gets to see the result of Boom Retail Strategic Report. Working in Adelaide last week, Boomed stopped in at The Grove to witness the transformation, which was a fantastic collaboration with owners #ChallengerInvestments. Great work to Dean Baker (Former Asset Manager), Phil Monfries (Centre Manager), Cheryl Kemp and the centre mgt team. Check out the before-and-after pics of the shopping centre transformation, highlighting changes such as identity & new brand, entrances, new layout with additions of indoor and outdoor seating areas with fireplace, car park improvements, lighting, leasing, family area, identification and VM presentation, Shopping Centre upgrades, amenities, and improved customer touchpoints. While the upgrade was done a few years ago now it certainly massive improvement to the outdated 30 year old centre that Boom had the privilege reviewing and offering design suggestions to improve shopping experience and sales within the centre. Massive sales growth was achieved as reported to Boom. 33,452 square metre centre Anchored by Woolworths, Big W, Tony & Marks, Drakes Supermarket and over 100 specialty tenancies. Need your property reviewed for strategic planning 2025 or reviewed for better sales performance? contact Boom Retail. #RetailTransformation #ShoppingCentreDesign #RetailInnovation #CustomerExperience #AdelaideRetail #BoomRetailSuccess ##ChallengerInvestments #TonyandMark #TheGroveShoppingCentre #BoomRetail #MarketingShoppingCentres #retaildesign #sales #leasinggrowth #ISSC #Propertyinvestment #salesperformance #customerbehaviour #QIC #ChallengerInvestments #Stockland #SCentre #EcononmicdevelopmentAdelaide #BNE #Mirvac #Haben #JLL #Exceed

🛍️ Monday Market Insights - Melbourne's & Victoria's Retail Scene 🛍️ Q2/2024 Update on retail asset classes - The CBD retail market in Melbourne is showing strong signs of recovery. With average gross face rents holding firm, Melbourne's retail spaces are attracting significant interest, particularly from luxury retailers and dining establishments. Key Highlights: -Steady Rents: Average gross face rents in Melbourne's CBD have held firm, reflecting stable demand. - Tenant Demand: Driven by luxury brands and food and beverage operators. - Investment Potential: Strong local market and significant investments in CBD precincts attract more visitors and tenants. To stay competitive in Melbourne's evolving retail landscape, stay tuned for more insights and updates in our upcoming posts! #RetailProperty #MarketInsights #EconomicUpdate

QIC announces plans to sell its half share in Perth’s landmark Claremont Quarter - CBRE and McVay Real Estate   The campaign follows circa $1.2bn in major shopping centre sales since the start of 2023, with an additional $1bn of transactions currently in play, including Lakeside Joondalup (50%) and Westfield Whitford City, both in Western Australia.   CBRE’s Pacific Head of Retail Capital Markets Simon Rooney and McVay Real Estate’s Sam McVay have been jointly appointed to steer the sale process for Claremont Quarter amid heightened interest in Australian shopping centre investment opportunities.   Claremont Quarter is jointly owned by QIC and Hawaiian. It is positioned approximately 9km south-west of the Perth CBD, in what is considered one of the city’s most prestigious suburbs, on a landmark 2.7ha site.   CBRE’s Simon Rooney said, “The WA retail market has robust underlying fundamentals, benefiting from population growth, booming commodity prices, strong residential value growth, higher levels of disposable income compared to the national average and a relatively affordable cost of living – all drivers for retail demand.”   Mr Sam McVay noted that the centre was set to benefit from the recently commenced Claremont Quarter Laneway project which marked a significant milestone for the asset.   “Once complete, the reimagined Laneway will deliver an engaging dining precinct with elevated food and beverage offerings. This is line with the Town of Claremont’s broader vision for the area and will strengthen the suburb’s position as a destination for shopping, restaurants, bars, nightlife attractions and community events,” Mr Dan McVay said. Read more on COMMO linked below: https://lnkd.in/gMRvuw3K CBRE Asia Pacific Hawaiian Michael Hedger Greg Hyland Joe Tynan James Douglas Mikaela O'Farrell Sheree Griff Dan McVay Glenn Bechtel Leif Olson Shannon Gale Brock McDermott Thomas Craig Rob Sewell Lynne Hale Dan McVay Aaron Desange Andrew Beehag Phillip Arbon Tim Young Kelsie Smith #qic #cbre #mcvayre #retailrealestate #retailinvestment #retailproperty #shoppingcentre #perthre #perthproperty