Located in the city’s Rundle Mall, Adelaide Central Plaza, developed by Precision Group, is anchored by a 23,000sqm David Jones department store, and includes around 40 speciality stores with a large foodcourt.
It is understood that Tiffany & Co will open in the centre in the second half of 2014 and that other international brands including Louis Vuitton, Chanel and Topshop are currently considering various sites in Adelaide for their entry.
Shaun Bonett, MD and owner of the Precision Group said the announcement “will ensure [Adelaide Central Plaza] remains as the premier place to shop in South Australia”.
“With other major upgrades planned to be undertaken to Adelaide Central Plaza and Rundle Mall over the next 12 months, the opening of Tiffany & Co will continue to re-enforce Adelaide’s CBD retail offering as the nucleus of consumer activity in South Australia, which will in turn encourage investment and provide jobs in the Adelaide market,” Bonett said.
Tiffany & Co was founded in 1837 by Charles Lewis Tiffany and is listed on the New York Stock Exchange with a market cap of more than $AU10 billion Australian and $AU4 billion of sales in FY2012.