Hot links: The week’s Asia Pacific retail property news
Publish Date: July 31, 2014
Here's a roundup of what regional news organizations in Asia and Australia are reporting about the local retail real estate business.
Lend Lease selling A$500 million of assets — The Sydney Morning Herald A Lend Lease fund is selling five shopping centres valued at A$500 million (US$471.8 million).
Retail REITs rank high on the SGX — The Motley Fool Fortune REIT, which owns 17 retail centres in Hong Kong, and Lippo Malls Indonesia Trust, are among the strong performers on the Singapore Stock Exchange.
China mall owners focus on younger shoppers — The Wall Street Journal Mall owners and retailers in China, pushed by the downturn in luxury-goods-shopping, are focusing on a different segment: children's products. Early next year, the largest Disney store will open in Shanghai.
12 malls opening in Kuala Lumpur area — The Business Times Retail space in the Kuala Lumpur area is set to expand by 3.6 million square feet with the addition of 12 shopping centres that are planned for the metro area this year.
Malls urge Thai govt. to cut import tax — The Nation Thailand aims to go head-to-head with Singapore and Hong Kong to lure luxury fashion shoppers.
Williams-Sonoma grows in Australia — Vogue San Francisco–based home furnishings outlet Williams-Sonoma has four stores opening in Sydney.
Bangkok IKEA supplies solar power — Eco-Business Home-furnishings retailer IKEA has installed 4,000 solar panels atop the Megabangna mall in Bangkok to help supply the city with energy.
Karachi shopping destinations profiled — Business Recorder This article points to many popular places in the major city for retail. Areas included are Bohri Bazaar, in Saddar; the Zanaib and International markets in the city's centre; and the Jamaa Cloth Market, on M.A. Jinnah Road.
Melbourne retail property sales rise 26% — Property Observer Retail property sales have increased in volume by 26 percent year over year in Victoria, says Savills Australia.
Parisian bakery Ladurée opening in Bangkok — Bangkok Post Ladurée, a Paris-based bakery chain that has operated for more than 150 years, is opening a store in Bangkok.
Restaurants increasing in China — The Wall Street Journal — The restaurant sector of retail is seeing favourable results in China.
Aussie vegan dessert shop opens — Property Observer Raw Trader, a new vegan dessert outlet, has opened its doors in Melbourne, by Central Station. It has the tagline, "Decadence Without the Guilt," as part of it's marketing approach.