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Is retail property maxed out on luxe?

Retail property operators have been making big bets on luxury. Where shopping centres and CBDs are exposed to large, affluent residential and daytime populations, along with substantial tourism flows, it’s a bet that has largely paid off both in Australia and overseas. Shopping centre owners have routinely introduced upscale apparel and accessories brands to their projects with every expansion or renovation. The most productive shopping centre in America – Bal Harbour Shops, near Miami Beach