'Vacant Space Like A Cancer In Malls': Retail Closures Start To Bite

Posted on Wednesday 4th April 2018

Store closures underway or foreshadowed by Australia's troubled retailers are equivalent to one and half times the size of Chadstone, the country's largest shopping mall, new figures show. Against the backdrop of Toys 'R' Us and multiple other retailers hitting the wall, Macquarie Bank has compiled a list of companies winding back store commitments that shows landlords face up to 344,000 square metres in vacancy.

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