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This week in retail property

Image of Bourke Street Mall
David Jones has sold its menswear store on Bourke Street Mall in Melbourne. David Jones has contracted to sell its landmark menswear store at 299 Bourke Street Mall in Melbourne to Australian-based investor Newmark Capital for $121 million. The 2247sqm site will be leased back to David Jones. CBRE’s Simon Rooney, head of retail capital markets, Pacific, negotiated the sale, alongside JACX Property acting as transaction manager on behalf of David Jones. Rooney said that the highly sought-after