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Big money deals display rising confidence in retail

Sophisticated and institutional investors are backing a retail property revival, with a spurt of major transactions indicating increased confidence in the sector.

The interior of the historic Queen Victoria Building, in Sydney CBD
Sydney's Queen Victoria Building is one of the city's most historic retail precincts. Photo: Link Asset Management

Sophisticated and institutional investors are backing a retail property revival, with a spurt of major transactions indicating increased confidence in the sector.

The flurry of interest in retail assets is being underpinned by rising confidence among Australian retailers, who are looking forward to bumper trading conditions in the lead-up to Christmas.

A recent survey of Australian retailers by Deloitte showed 80 per cent expected sales growth …