Retail Outlet

<html><body>
Leading adventure retailer Kathmandu is opening what is set to become Australasia’s first Green Star accredited retail store in Melbourne CBD on November 14.
In partnership with the Green Building Council of Australia (GBCA), the Kathmandu Store Design and Development team are currently developing an industry-first Green Star rating tool to guide the sustainable design of stores across Australia.
The store has been built to achieve a five Green Star score by using sustainable design techniques, building materials and featured technologies that reduce carbon emissions and landfill waste.
Tim Loftus, the Kathmandu sustainability spokesperson says that the Galleria store brings the company’s commitment to sustainability to life.
“Kathmandu is creating a benchmark for sustainable design and building in retail.
“The Galleria store speaks to our brand belief of respecting the environment. We’re incredibly proud to invite Melburnians to visit Galleria and experience the store.”
Romily Madew, GBCA's CEO echoed Tim's thoughts and suggested Kathmandu’s leadership sends a signal to the retail industry.
“Kathmandu is showing the rest of the retail industry that sustainability is a strategic business decision – one that reinforces brand equity and commitment to ethical business practices.
 “Consumers are increasingly rewarding sustainability with their wallets, and Kathmandu’s leadership will lead the way in reinventing the bricks-and-mortar retail experience in Australia.” 
Chair of the City of Melbourne’s Environment Portfolio, Counsellor Arron Wood, says the new store sets a precendence for sustainable practice in Melbourne’s retail sector.
“There is a clear business case for green buildings in terms of air quality and staff attraction and retention’, Cr Wood said.
“Staff that work in healthy and well-designed environments are more likely to be happy and productive employees.”
The Galleria store is the first to be built as part of Kathmandu’s sustainable building design programme, which uses innovative principles and materials to reduce a store’s overall environmental footprint. 
</body></html>

jrobinson-rf4aSBido9

Kathmandu set to open Australasia's first Green Star store in Melbourne

<html><body>
Stockland has announced it will expand its Green Hills Shopping Centre at East Maitland in the Lower Hunter Valley of New South Wales.
It comes with an estimated $377 million cost.
Upon completion by mid-2018, the gross lettable area (GLA) will more than double to about 70,000 square metres. 
It has secured an agreement for lease with David Jones, which will open a 6,225 square metre single-level department store at the centre in 2018.
Other tenants include Big W, Target and the biggest Dan Murphy’s store in the trade area.
A concept JB Hi-Fi Home store is also planned and another by South African retail group Pepkor’s Harris Scarfe, which will have homeware and clothing.
Stockland Green Hills is already home to Coles and one of the best-performing, full-line Woolworths supermarkets in Australia.
An additional 141 speciality stores will take the total number to more than 225 stores. The centre’s existing mini-majors will be retained and improved, including Best&amp;Less, Reject Shop, Blooms the Chemist and Hot Dollar.
Preliminary site establishment works will start immediately, but the major construction works will be deferred until the new year so as not to disrupt the pre-Christmas retail trading season.
Brookfield Multiplex is the lead contractor on the project.
The new precinct will have a garden courtyard, outdoor pavilion dining area fronting Mitchell Drive and the car parking will be nearly doubled to 3,100 spaces. 
“We’ve identified Stockland Green Hills as a highly accretive redevelopment opportunity. It’s already one of the most productive centres in Australia and this expansion will enable us to capture a portion of the estimated $867 million of escape expenditure that leaves the primary trade area every year,” said Mark Steinert, managing director and CEO of Stockland.
The recamp is expected to deliver an incremental internal rate of return (IRR) of more than 12 % in the 10 years post-completion and an incremental, stabilised funds from operations (FFO) yield of just more than 7 %.
The project is estimated to create more than 1,350 direct jobs during construction and more than 2,150 indirect jobs. On completion, the centre will create more than 1,250 jobs in retail, customer service and hospitality and an estimated 1,200 indirect jobs for local suppliers and service providers within the regional economy.
Stockland Green Hills's current specialty retail sales productivity is $14,275 per square metre.
In November 2014, Shopping Centre News named Stockland Green Hills as the top performing centre for specialty sales in its Little Guns survey of shopping centres between 20,000 and 50,000 square metres.
As part of the redevelopment, Stockland also plans to invest around $1.6 million to increase the centre’s solar power generation capabilities with the installation of a 700kW photo-voltaic system and is aiming for a minimum 4 Star Green Star Retail Design and As Built ratings for the project.
</body></html>

j.ballantyne1990-6AQqhLzZaK

David Jones heads to Maitland as Stockland embark on $377 million Green Hills redevelopment

<html><body>
A warehouse in Brisbane's Cooper Plains has been auctioned for a little more than $1 million through Raine &amp; Horne.
The <a href="https://www.realcommercial.com.au/property-industrial+warehouse-qld-coopers+plains-501643281" target="_blank">806 Beaudesert Road</a> property sold under the hammer for $1,012,000 to a partnership of two private investors, fetching slightly above the $900,000 reserve price.
The net yield works out at 6.6%.
The property has been home to a Goodyear franchise since 2004, with the firm recently committing to a new five-year lease.
The lease is worth $67,000 a year.
“This property clearly ticked many boxes given the credibility of the tenant and the length of the lease, with two-street access,” said Raine &amp; Horne's Joseph Grasso, who helped broker the deal.
“The only negative was some minor flood damage, caused when the Brisbane river flooded in 2011.”
The auction drew 22 registered bidders, with four offers prior to the auction.
</body></html>

Warehouse in Brisbane's Cooper Plains fetched $1 million plus at R&H auction

<html><body>
Restauranteur Paul Mathis and business partner George Incretolli will open a new Supercharger Wholefood outlet at Prahran in Melbourne's inner eastern suburbs in a deal brokered by Savills Australia.
The 102-square metre outlet is on the ground floor of the Peregrine's Luxton Apartments at 22 Chatham Street within the Prahran Retail Hub.
Supercharger will take the tenancy on an eight-year lease from Peregrine Projects.
Listing agents Michael Di Carlo, Jeremy Marmur and Jock Thomson did not reveal the rental, but rates in the neighbourhood have been circa $850 per square metre.
Di Carlo said the new store, Supercharger's second Melbourne store, followed the opening of its first, in CFS Retail Trust's Emporium Melbourne on Lonsdale Street in the CBD.
“This new lease follows what a very successful debut for Supercharger at Emporium.
"Paul Mathis' vegan menu is also likely to be very welcome in Prahran, which boasts an eclectic mix of dining experiences and a population well attuned to the vegetarian offering,” Di Carlo said.
The new store is due to open soon.
</body></html>

jchancellor-FAypfDUnLy

Savills secures Paul Mathis to open second Supercharger outlet in Melbourne

<html><body>
A KFC outlet at Menai Central retail complex in Sydney’s southern suburbs has been sold by the Sentinel Property Group for $3.05 million to a private investor through Burgess Rawson.
Sentinel, which acquired the Menai Central in 2013, sub-divided and now sold off the drive-through KFC takeaway food outlet. 
The 684 square metre property is tenanted by KFC on a long-term lease until December 2022
It is set on 2,003 square metres on the corner of Old Illawarra and Menai Roads in the Sutherland Shire.
The Menai Centre has 10,796 square metres of retail space with 275 car parks, underpinned by long leases to major national retailers including Dan Murphy’s, IGA, Supercheap Auto and Bank of Queensland.
Sentinel’s unlisted property funds deliver an average net distribution across its entire portfolio of 11.5% per annum. 
</body></html>

Retail Outlet

Editor's Picks

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.

Retail Outlet

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.