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News release


JLL named ‘Retail Team of the Year’ in Australia for fifth year in a row

JLL Retail Investments recognised in annual RICS Commercial Property Awards

​AUSTRALIA, 9 MAY 2014 – For the fifth consecutive year, JLL has been named the number one retail agency in Australia at the RICS Commercial Property Awards.

The annual awards of the Royal Institution of Chartered Surveyors (RICS) recognise commercial agencies.  JLL has been awarded the ‘Number One Retail Sales Agency’ over four consecutive years, due to achieving the highest volumes of sales during those calendar years.  For 2013, the nomination category and criteria was slightly changed, however JLL was again awarded ‘Retail Team of the Year’.

Head of Retail Investments – Australia, Simon Rooney said, “In 2013, JLL sold over $3.58 billion of retail property – over $1 billion more than the $2.1 billion we sold in 2012.

“In 2013, JLL was involved in a number of big capital partnering retail investment deals.  This was the most prominent theme in the retail investment market with seven major part-share transactions in 2013 totalling $2.5 billion, equivalent to 36% of all sales. 

“With the support of JLL’s Retail Investments team, approximately $1.7 billion in capital has been raised by Federation Centres from co-ownership arrangements since mid-2012.  This has placed Federation Centres in a position to grow their business through redevelopment projects across their portfolio and further acquisitions of syndicate properties.

“We are honoured to be awarded the Retail Team of the Year for the fifth year running for our work on behalf of our clients.  We acknowledge the commitment of RICS to our industry by supporting these awards to showcase the commercial property industry.”

JLL Retail Investments sold over $3.58 billion of retail property in 2013.  

Some of the largest JLL deals in 2013 involved capital partnering:

Acting on behalf of Federation Centres, JLL’s Australian Retail Investments team exclusively negotiated the sale of 50% interests in a portfolio of six shopping centres for $602 million to Challenger. Following on from this, JLL also negotiated a transaction to ISPT in March 2013 for $371.4 million, which included co-ownership stakes in five retail assets across Australia.

Acting on behalf of Coles, JLL exclusively negotiated the sale of a 75 per cent interest in an initial portfolio of 19 Coles-owned shopping centres across Australia to ISPT. The initial portfolio is valued at approximately $532 million, and the transaction will deliver proceeds to Wesfarmers of approximately $400 million.

Acting on behalf of Mirvac, JLL negotiated the sale of two sub-regional shopping centres for $100 million.