Retail property market rebounds with record transactions, says JLL

Retail property market rebounds with record transactions, says JLL
Property advisor JLL said the year saw 138 deals completed, leading to total transaction volumes of $13.5 billion.
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The retail real estate market surged to record highs last year, with regional shopping centres leading the way.

Property advisor JLL said the year saw 138 deals completed, totalling $13.5 billion in transaction volume, up from $8.7 billion in 2024.

Regional shopping centres achieved a total $6.9 billion in transaction volumes across 12 deals, a 75 per cent increase over the previous high of $3.9 billion set in 2021.

“Last year marked a significant shift in global sentiment for the retail sector, with large-scale deals returning in force after a hiatus,” said Nick Willis, executive director of Australia and New Zealand at JLL.

“Notable transactions in Australia included Erina Fair for $895 million, Top Ryde for $525 million and Woodgrove for $440 million.”

Sam Hatcher, head of retail investments Australia, said the growth is “clear evidence of confidence in the sector”.

“We anticipate more such partial transactions to dominate the thematics for 2026, allowing broader participation,” he added.

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Harry Booth

Harry Booth is a news journalist based in Melbourne, Victoria. From the United Kingdom, Harry has experience working in local newspapers, as well as a bachelor's degree in journalism. He enjoys exercise, the arts and exploring in his spare time.

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