s that meet the rapidly growing needs of our customers.” The new restaurant features custom-designed Mexican artwork at the entrance and a dual lane drive-through; it was built from the ground up in 14 weeks. It is the biggest GYG in Western Australia, and the ninth in the state. Steven Marks, GYG founder and global CEO, said: “Perth is such an important market for GYG – we’ve wanted to open a flagship drive-through in Perth for quite some time; we just needed to find the perfect real estate site.” Investors eye off  WA centres Buyer appetite for WA neighbourhood retail centres remains buoyant, with 2020 sales topping $110 million as investors shift their focus towards stability. Nationally, neighbourhood centres accounted for one-third of total retail transactions in the first half of 2020 – compared with 16 per cent in 2019. The trend was reflected in WA, with neighbourhood centre sales accounting for 61 per cent of the $145 million worth of sales this year. CBRE’s Anthony Del Borrello said neighbourhood centres typically offered attractive WALEs and secure covenants – with minimal exposure to discretionary spend. “Transaction activity in WA this year has been mainly focused on those core non-discretionary assets that have lower occupancy risk – such as supermarkets, pharmacies, hardware, and to a slightly lesser extent, service stations,” Del Borrello said. “In contrast, prior the current downturn, investor demand gravitated towards slightly larger centres that offered diversity of income and rental growth. Now, however, that diversity contains more risk, which is underpinning the flight to quality.” Major neighbourhood centre transactions in WA year-to-date include Woolworths Greenfields for $32 million, Carnarvon Central for $16.1 million, Halls Head Shopping Centre for $6.3 million and Carramar Village for $33.5 million.