Retail Research and Forecast Report | First Half 2020

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The retailing world has been turned upside-down as a result of the spread of COVID-19 and the shutdowns required to contain the spread.  The speed and scope of changes required have been breathtaking with conditions changing daily during the last couple of weeks of March.  The pace of change and announcements has slowed somewhat, however there is still a long road ahead to get the economy and the retail sector back on track.  In this report, we will investigate the changes we have seen and then what this means for the consumer, the retailer and the landlord.

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Retail Research and Forecast Report | First Half 2020

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Michael Bate

Head of Retail | Retail

Sydney CBD

My professional knowhow stems from an extensive career in retail property development, project leasing, site acquisition and disposals and property management.

I joined Colliers International after holding the position of National Business Manager for Stockland Commercial for 9 years. During this time I was responsible for the acquisition and disposal of just over $750M worth of Retail and Commercial assets.

Prior to my Capital Transactions role in Commercial Property, I was the Regional General Manager Leasing for the Stockland Shopping Centre portfolio.

Prior to Stockland, I was the National Leasing Manager for Lend Lease Retail here in Australia. I worked on some of Australia’s leading Retail projects including, Casuarina Darwin, Melbourne Central, Sunshine Plaza and Smithfield in QLD and Woden in the ACT. I was the Lend Lease Asset Manager for the Kiwi Income Fund and worked on several of their retail projects in New Zealand.

Prior to Lend Lease, I was a National Director with Jones Lang Wootton in both WA and NSW and ran the National Project Leasing team for again some of Australia’s best retail assets and Portfolios.

I also have a lengthy career in the media working for John Fairfax and Sons in TV and Radio for many years.

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Lachlan MacGillivray

Head of Retail Investment Services | Australia

Sydney CBD

Lachlan leads the Australian Retail Investment Services team having transacted in excess of $11 billion worth of shopping centres across Australia in the last 10 years. Lachlan has been with Colliers International for over 12 years and has 21 years of retail experience encompassing retail investment, leasing and master planning.

With an in-depth understanding of shopping centre performance, Lachlan can provide you with expert advice on the sale and acquisition of your retail investments.

  • Capital Partnering / Joint Ventures / Portfolio Transactions
  • Asset Marketing  and campaign strategy, implementation and execution
  • Shopping centre acquisition and disposal
  • Sale negotiation and transaction
  • Strategic asset positioning and repositioning to maximise asset performance
  • Buy side investment advisory



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Kate Gray



Kate joined Colliers International in 2013 as Associate Director. She has over 6 years experience in property research within the South Australian market and has conducted primary research into the retail and suburban office markets. Kate writes and speaks regualry on commercial property trends in the South Australian market.

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Dale McDermid

Head of Retail Management | Real Estate Management

Sydney West

I have more the 30 years’ experience in the retail investment property industry, having managed and driven asset strategy for numerous shopping centres across Australia, South East Asia and The Middle East.

I recently joined Colliers International as National Director following the acquisition of McKenzie Hall, a specialist retail management and leasing company, in 2014. Prior to leading the McKenzie Hall management team, I was Managing Director and shareholder of the Byvan Group, a specialist retail centre management company, which sold to Savills in 2002.

My experience as a business owner ensures that I strive for long term and above average performance for my clients and my teams.

My ability to think like an owner, complemented with my leadership experience and people management ensures I deliver outcomes and results for my clients and their centres.

I am a founding Board member of the Shopping Centre Council of Australia and was extensively involved in the development and management of the Property Council of Australia education courses. I am also a past National Chair of the PCA Education Committee and was a lecturer for more than 15 years for the Shopping Centre courses.

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Andrew Johnston

Head of Retail

Sydney CBD

Andrew has been employed in the property industry at a leadership level for more than 25 years. Andrew has a broad range of experience in the valuation industry encompassing all of the major asset classes, but predominantly focussing on the valuation of Regional, Sub-Regional and neighbourhood shopping centres across Australia.

As Head of Retail, Andrew sets the strategy and direction of the national team under Colliers International Valuation & Advisory Services.

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Derek Nix

Executive Director

Sydney CBD

Derek has over 40 years’ experience in the construction and property industry. Initially with Concrete Constructions Group Limited, where he was a Project Manager, he later moved to the Reed Group Pty Ltd where for over 17 years, he covered roles from Commercial Manager, and Chief Estimator to Project Manager, becoming a Director in 1988 before leaving and forming Nix Management in 1999. In 2014 Nix Management merged with Industry leading Infrastructure delivery expert Scott Anderson to become Nix Anderson Pty Ltd.

Over the past 18 years, Derek as Managing Director has overseen the delivery of $4B worth of projects without any formal dispute. Derek takes a hands on approach to all key requirements across the project working closely with each of the teams and keeping clients protected and informed at every stage. Clients have the confidence their project is being actively managed to control risks and take advantage of each opportunity.

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Simon Crouch

Head of Tenant Advisory | Occupier Services

Sydney CBD

Simon Crouch is the head of of Tenant Advisory in Australia and  has been with Colliers International for over 21 years commencing in Commercial Leasing and moving into Tenant Advisory 12 years ago. Simon is responsible for a team of over 20 tenant advisory specialists working with clients in all office market across Australia.

Simon specialises in developing innovative accommodation strategies on behalf of large corporate and government occupiers. Simon and his team has delivered some of the most complex assignments in the Australian market. Major recent accomplishments Simon has led include:

Nine Entertainment Co. in their pre-committment of 16,000sqm into North Sydney and subsequent expansion of 6,000sqm following a merger with Fairfax Media, Microsoft's Long Term Strategy and relocation of 10,500sqm in North Sydney, Norton Rose Fulbright's pre-committment of 10,000sqm into 60 Martin Place, Sydney and QBE's 12,000sqm pre-committment in Parramatta and 10,000sqm pre-committmnet in Sydney. 

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Tim du Temple

National Director | Debt Advisory

Sydney CBD

An entrepreneurial real estate capital professional whose career has spanned over 20 years in Australia, United Kingdom and more recently throughout the Asia Pacific region.

Career has concentrated on structured debt and principal investment transactions via both balance sheet and 3rd party capital with over $3.0bn of real estate funding being completed.

Core strengths include capital structuring and access to a broad spectrum of 3rd party debt and equity capital from a global and domestic network of institutional, corporate and private capital.

Corporate experience includes chartered surveying, debt capital advisory, real estate finance, strucutred real estate finance investment bank,  and running own real estate capital business.

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