managed and jointly owned by ASX-listed Dexus.
After writedowns of major mall portfolios in 2020, investment in shopping centres took off again this year, including AMP Capital’s initial $2.2 billion swoop on Pacific Fair on the Gold Coast and the Macquarie Centre in suburban Sydney in October, when it partnered with super fund giants UniSuper and Cbus PropertyBy mid-December, retail investment had hit $11 billion, more than doubling the 2020 full-year tally of $4.7 billion.
“Capital has been deployed this year across the risk spectrum from core investment to development opportunities. This has led to an all-time record high for transaction volumes across commercial property in 2021.” “We believe that COVID-19 impacted real estate sectors will see improved investor sentiment in 2022. Furthermore, the evolution of the digital economy and changing demographics support the real estate alternatives investment thesis for a number of sub-sectors.”