Business

Carolyn Cummins

Carolyn Cummins is Commercial Property Editor for The Sydney Morning Herald.

The retail basement at 53 Martin Place, occupied by Barrio Cellar, is for sale.

Basement retail a hot ticket

Retail basements are in hot demand, with the site at 53 Martin Place, occupied by Barrio Cellar, now on the market with price indications of more than $5 million.

An Amazon site in Germany, owned by Goodman Group.

Amazon hunting its Australian launch pads

Amazon has made its first official step towards its entry to the Australian market with the appointment of agents, understood to be CBRE, to look for distribution sites, that will be the hub for its business across the country.

Market Plaza Shopping Centre in Chipping Norton, anchored by Coles, is being sold.

Retail centre on sale at Chipping Norton

Demand for suburban shopping centres is gathering pace as investors scramble to get a foothold into higher-yielding assets at a time when interest rates remain at a record low.