Retail

Work has started on the $21.4 million Port Coogee shopping centre, with national development group Australand signing Adco Constructions to carry out the build.

Western Australia’s neighbourhood shopping centres are among the standout performers for retail asset sales across Australia, with six transactions this year totalling at least $112 million.

The Fair Work Commission has announced a 2.5 per cent increase to the national minimum wage to start from July 1, prompting fears it could worsen an already tough job market.

Developers are bringing the main street back to the suburbs by integrating them, as well as housing, into new shopping centre builds.

Michael Chaney will take the role of chairman of conglomerate Wesfarmers when Bob Every retires at the company’s next annual general meeting in November.

Supermarket giant Aldi is facing headwinds on its plan to acquire and demolish the Hilton Fresh shopping centre and construct one of its own supermarkets on the site, with local residents and the City of Fremantle raising concerns over the design of the proposal.

Aldi has bought the Captain Stirling Shopping Centre in Nedlands, with the store expected to be among the first of 20 the Germany-based retail giant intends to open in Western Australia between June a

Trading hours will be extended for retail shops in the metropolitan area on Easter Monday and Anzac Day.

EXCLUSIVE: Shopping centre owner AMP Capital has lodged plans for a $600 million expansion of its Karrinyup mall, taking it to more than 113,000 square metres of total floor space and adding 150 apartments to the mix.