This article is from the Australian Property Journal archive
THE Homemaker City Fortitude Valley bulky goods centre in inner Brisbane has achieved 100% occupancy after securing a string of new retailers.
CBRE retail bulky goods associate director Damian Crocetti has been the exclusive leasing agent for the homemaker assets for the past three years and negotiated the latest deals.
The new tenants include Aldi, for a circa 1,500 sqm supermarket whilst Sydney and Melbourne based retailer The Comfort Shop has also committed to a 585 sqm store. Eureka Street Furniture has also leased a 791 sqm showroom to add to its 17 strong store network.
The centre is already home to Harvey Norman/Domayne, Freedom, Nick Scali, Trade Secret, Howards Storage, Forty Winks, Far Pavilions, Goodlife Health Club and Beacon Lighting.
The centre now comprises 10 anchor tenancies of over 1,000 sqm as well as 23 specialty retailers providing a total gross floor area of 38,271sqm.
Crocetti said tenants had been attracted by the centre’s high profile location, just 2km north east of the Brisbane CBD with both the south and north towers of the complex providing excellent exposure to passing traffic along the major thoroughfares of Ann and Wickham streets.
“The complex is situated in a significant and growing main trade area of 1,129,390 residents with robust 0.9% annual population growth until 2026 which will primarily be driven by the major residential urban renewal projects in the inner suburbs of Brisbane according to data from Macro Plan Dimasi.” Crocetti said.
Property Review
