Retail sales activity in first quarter reached $6.6 billion: Savills

Retail sales activity in first quarter reached $6.6 billion: Savills
Retail sales activity in first quarter reached $6.6 billion: Savills

Retail sales activity during the first quarter of 2107 was a little more than $6.6 billion with 130 transactions clocking more than $5 million each, according to the Savills Retail Quarter Times.

Other trends show that there were 73 projects spread over a development area of 1.75 million sqm. At the same time, retail trade touched $102 billion, a 2.7 percent growth on an annual basis.

The top sales — more than $25 million — over the past year or so were at city centres. The top one was David Jones for $360 million and St Collins Land in Melbourne for $247 million, Savills data shows.

Yields for the top 20 sales varied from 3.72 percent to 8.41 percent, according to Savills.

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Retail sales activity in first quarter reached .6 billion: Savills

By state, NSW topped the sales activity for the year — sales more than $10 million — with Victoria and Queensland following.

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 Retail sales activity in first quarter reached .6 billion: Savills

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 Retail sales activity in first quarter reached .6 billion: Savills

Click here to enlarge

Retail sales activity in first quarter reached .6 billion: Savills

Click here to enlarge

Retail sales activity in first quarter reached .6 billion: Savills

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Savills Retail Sales

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