Home Consortium is preparing to open its first Western Australia stores at former Master Home Improvement sites, with two stores expected to open by Q1 2019.
The group has appointed CBRE’s Retail Services team to secure tenants for the sites who are currently undertaking Expressions of Interest for Joondalup, Butler and Ellenbrook centres.
“This opportunity presents WA with its first transformations of Masters sites into modern lifestyle precincts,” said CBRE director Richard Cash, after Home Consortium acquired the Masters holding entity in early 2016.
“Located on major arterial links, with ease of access to growing residential catchment areas, these sites present a fantastic opportunity for retailers to grow their network in the northern corridor.”
Cash notes that the company’s approach offers an array of benefits to brands by not only bringing leading and complimentary retailers under one roof, but driving high levels of foot traffic and exposure due to the mall-like layout.
“Home Co’s internal mall strategy is unique and an exciting shift away from the traditional large format retail centres we have previously seen,” said Cash.
The three centres are set to include food & beverage options, as well as childcare, medical services and entertainment. They are to be fully air conditioned and have substantial on-grade parking at each site.
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