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Large format retail grows up

How Australia’s large format retail market is evolving into a new phase that includes more lifestyle brands and smaller footprints. If Australia’s large format retail market were a person, it would be moving out of home and landing its first job right about now. That’s the view of Chris Parry, CBRE’s head of large format retail in Australia, who describes the market as currently going through its ‘young adult’ phase. The maturation of the sector can be seen in its shift away from the