Across Australia, there are hundreds of small to medium size shopping centres that have relied on the fact that tough planning restrictions have prevented completion of a newer facility opening down the street, or around the corner.

This has shielded many from the cold winds of competition in the past, but it will no longer continue to do so.. Increasingly, older style shopping centres are prone to losing their traditional customer base as demographics shift. They are also losing their retail tenants as the whole retail economy…

  • Westfield Corporation has agreed to a $US24.7 billion ($A32.7 billion) takeover from a Paris property…