Retail facing toughest time in many years, operators warn
Retail operators have said the sector is facing some of the toughest times in many years.
Carolyn Cummins is Commercial Property Editor for The Sydney Morning Herald.
Retail operators have said the sector is facing some of the toughest times in many years.
The war of words between shareholder Ariadne and Ardent Leisure over proposed board appointments has escalated with calls of "utter nonsense" being made.
Corporate raider, Ariadne run by Dr Gary Weiss, has called for an extraordinary general meeting in a bid to gain shareholder approval to appoint four directors to the Ardent Leisure board, and consequently gaining control.
Brisbane-based listed developer Watpac has extended its work in progress with the $63 million contract
Sydney hotelier Simon Tilley has extended his pub footprint with the purchase of the leasehold in the Greenwood Hotel, North Sydney from the Balmain Pub Group (BPG) for just over $10 million.
Non-bank lenders are stepping into the breach to finance developments as big banks tighten lending.
When visiting a Stockland shopping centre, customers can not only say "charge it", they can also keep the car at full voltage.
The conversion of commercial to residential schemes has put greater pressure on suburban office proposals.
The pending arrival of the internet giant Amazon has seen mixed reaction from the retail sector.
Demand for office space across the Sydney city and out to the fringe suburbs is close to the highest levels for many years.
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