Aldi moving into affluent Sydney suburb

aldiAldi has secured a 1500sqm store site on Sydney’s affluent Lower North Shore at the Bridgepoint Shopping Centre in Mosman, which will open in May 2017.

After years of searching for a site, according to Ray White Retail who facilitated the site acquisition by a local property trust for $43 million in mid 2011, Aldi will now be able to fill a major gap in their network [their nearest stores being Manly, North Sydney and Chatswood].

Bridgepoint Shopping centre is 6800 sqm in size and has three major food tenancies and 35 specialty stores. The announcement comes as the centre embarks on a $10 million refurbishment that will involve the provision of new enlarged customer amenities, as well as a comprehensive aesthetic upgrade. Most notably, a new large passenger lift will be installed that will link both retail levels with all car parking levels.

“Aldi will function as the major customer attraction on Level 1 of the centre – complementing the offer of Harris Farm and IGA on the ground floor,” said Bob Walsh, principal of centre managers and retail leasing agents Ray White Retail.

“Aldi Mosman will also support up to 20 permanent employees, creating rewarding career opportunities for local residents,” said an Aldi Australia spokesperson.

“The addition of Aldi will reinforce Bridgepoint’s position as the premier shopping centre on the Lower North Shore”, added Bob Walsh. “Bridgepoint is already rated in the top six shopping centres nationally for sales per square metre for centres of this type”, he said.

Several new retail tenancies will be created and provide for several new cafes and eateries to further improve the centres’ food and beverage offer”, said GM of Ray White Retail, Glenn Jones. “Most of the upgrade works will be completed by Christmas with Aldi and most of the new shops opening in May next year.”

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