Netherlands-based retailer VidaXL committed to a custom-built 81,000 sqm national distribution centre in Melbourne.
The deal provides David Jones a 20-year lease to operate in the property.
Ingka Group's investment arm is pushing into real estate.
The property firm will have a period of exclusive negotiations to pick up the recently renovated flagship.
After a major dip in rent payments during the months of April and May, the shopping centre company has benefited from th...
Move comes after Scentre Group boss Peter Allen doubled down on fixed rents moving forward.
Trading conditions have continued to struggle for Woolworths Holdings.
$1.6 billion in rent assistance has been handed out, but landlords can't afford much more.
ARA and NRA welcome decision by the competition watchdog.
ACCC grants NRA and ARA members the ability to share information for rent negotiations.
Ninety-two stores will remain open with reduced rents, City Chic says.