Retail Review - amazonia.fiocruz.br

Excellent: Retail Review

Prospects for the retail sector Retail Review already improving since the woeful performance of shopping malls sent commercial property returns to their lowest ebb in a decade in the September quarter. Consumption data backs the outlook for a retail sector rebounding. Louise Kennerley.

The commercial property sector delivered an annual total return of 0. That result combines a 4.

The annual income return Retail Review the lowest since the index began 25 years ago, as landlords, especially mall owners, struggled to collect full rent from their tenants, prompting writedowns of their assets. The September quarter total return tally is also the lowest since the first quarter of when asset values were just beginning to trend upwards after the global financial crisis.

Weighing heavily on the overall result — which combines returns across Retail Review property sectors — was the total Retail Review from retail real estate, which fell to negative 10 per cent, its worst performance in income and capital growth so far since the launch of the index. But Mr McCallum also noted a rising interest in retail assets, judged on inbound client enquiries at MSCI, suggesting that pricing was getting to a point where "a counter-cycle play could be arising". Events of the last week may add momentum to that view, after news of a breakthrough in the coronavirus vaccine sent stock prices soaring for major mall owners in particular, including Westfield operator Scentre and Vicinity Centres. It was a further boost for the retail sector, following on Retail Review heels of the Victorian government's long-awaited decision to unshackle Melbourne from an onerous second lockdown.

Consumer confidence jumped to a seven-year high earlier this monthcoinciding with the Reserve Bank's historic rate cut but before the easing of Melbourne's restrictions was announced. As well, retail sales volumes posted their biggest quarterly percentage gain since records were kept in SG Hiscock portfolio manager Grant Berry said stocks of shopping centre owners such as Scentre and Vicinity had been trading at heavy discounts to their net asset values.

3.1k reviews found

Even so, there were already signs the downward trajectory in mall values was becoming more "muted", he said. Skip to navigation Skip to content Skip to footer Help using this website - Accessibility statement.

Property Commercial Shopping centres Print article. Nick Lenaghan Property editor. Nov 16, — Nick Lenaghan edits the property section, which covers all aspects, from residential real Retail Review and housing and construction to commercial property — office, retail, industrial — and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan afr. License article.

COVID Related Reviews

Read More Shopping centres. Commercial real estate. Vicinity Centres.]