News & Discussion: CBD Retail

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Re: News & Discussion: CBD Retail

#3331 Post by I Follow PAFC » Thu Jul 23, 2020 2:57 pm

Rundle Mall shopping centre sold for more than $200m
RETAIL The former home of Harris Scarfe in Rundle Mall has been sold to a Sydney investment group, which is now looking for someone to take over the huge vacant space.

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Re: News & Discussion: CBD Retail

#3332 Post by The Scooter Guy » Thu Jul 23, 2020 4:58 pm

Saw Nine West in the Myer Centre empty of stock today.
Another victim of COVID perhaps.
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Re: News & Discussion: CBD Retail

#3333 Post by Patrick_27 » Thu Jul 23, 2020 5:37 pm

I Follow PAFC wrote:
Thu Jul 23, 2020 2:57 pm
Rundle Mall shopping centre sold for more than $200m
RETAIL The former home of Harris Scarfe in Rundle Mall has been sold to a Sydney investment group, which is now looking for someone to take over the huge vacant space.

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https://www.adelaidenow.com.au/business ... 1dbe16945c
Whilst there will likely be speculation on here for big, well-known international brands to take over the HS footprint, my money is on Big W taking over the first of the two levels and the second level becoming office space. If not Big W, maybe a Target/Kmart relocation or best yet, a Zara. Whilst not all that exciting, it seems like a safe bet for any landlord. The only thing I could see stopping a Big W is that it's Woolworths Group, and Coles is in the basement level.

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Re: News & Discussion: CBD Retail

#3334 Post by AndyWelsh » Thu Jul 23, 2020 6:13 pm

So it’s all of Rundle Place that is going to be sold to the Sydney investment group Fortius. I initially thought it was just the Harris Scarfe space.

Apparently 23% of the centre is vacant and they might remix existing tenancies whatever that means.

They also said Rundle Place was “remarkably similar” to the MidCity Centre in Sydney. I agree. We’ve talked before on here about how similar that Harris Scarfe space is to the space Uniqlo have there on level 1 in Sydney.


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Re: News & Discussion: CBD Retail

#3335 Post by AndyWelsh » Tue Jul 28, 2020 1:05 pm

New store on the corner of Gresham Street (formerly a Gloria Jeans maybe?)

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Seem to sell cereal and chips etc


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Re: News & Discussion: CBD Retail

#3336 Post by nath91 » Tue Jul 28, 2020 2:15 pm

AndyWelsh wrote:
Thu Jul 23, 2020 6:13 pm
So it’s all of Rundle Place that is going to be sold to the Sydney investment group Fortius. I initially thought it was just the Harris Scarfe space.

Apparently 23% of the centre is vacant and they might remix existing tenancies whatever that means.

They also said Rundle Place was “remarkably similar” to the MidCity Centre in Sydney. I agree. We’ve talked before on here about how similar that Harris Scarfe space is to the space Uniqlo have there on level 1 in Sydney.


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Rundle Place is extremely similar to Midcity. Midcity is also a through mall, from Pitt Street to George Street. Has similar tenant mix including mimco, witchery plus just group brands like Peter Alexander. In addition to Uniqlo on the upper levels is Rebel and a Virgin Active.

Exciting opportunity for the centre given Fortius has relationships with these key brands already - here’s hoping a Uniqlo and even Virgin Active for the ex Harris Scarfe space

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Re: News & Discussion: CBD Retail

#3337 Post by Nathan » Tue Jul 28, 2020 4:37 pm

AndyWelsh wrote:
Tue Jul 28, 2020 1:05 pm
New store on the corner of Gresham Street (formerly a Gloria Jeans maybe?)

Seem to sell cereal and chips etc
Is cereal a new trend? A "cereal cafe" just opened on Morphett St too.

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Re: News & Discussion: CBD Retail

#3338 Post by SRW » Tue Jul 28, 2020 4:59 pm

Nathan wrote:
Tue Jul 28, 2020 4:37 pm
AndyWelsh wrote:
Tue Jul 28, 2020 1:05 pm
New store on the corner of Gresham Street (formerly a Gloria Jeans maybe?)

Seem to sell cereal and chips etc
Is cereal a new trend? A "cereal cafe" just opened on Morphett St too.
From walking by, I got the impression this place on the corner of Gresham is just a convenience store, but you might be right about cereal trending. There's a new place in the Myer Centre food court with a 'cereal bar' (and, concerningly, also gelato, bao, hot pot...).
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Re: News & Discussion: CBD Retail

#3339 Post by SRW » Tue Jul 28, 2020 5:06 pm

The former Asian grocer on the corner of Moonta & Gouger is being completely renovated. Anyone know what it might become?
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Re: News & Discussion: CBD Retail

#3340 Post by A-Town » Tue Jul 28, 2020 11:01 pm

AndyWelsh wrote:
Tue Jul 28, 2020 1:05 pm
New store on the corner of Gresham Street (formerly a Gloria Jeans maybe?)

Image

Seem to sell cereal and chips etc


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Looks like a convenience store

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Re: News & Discussion: CBD Retail

#3341 Post by SouthAussie94 » Tue Aug 04, 2020 10:54 am

"All we are is bags of bones pushing against a self imposed tide. Just be content with staying alive"

Views and opinions expressed are my own and don't necessarily reflect the views or opinions of any organisation of which I have an affiliation

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Re: News & Discussion: CBD Retail

#3342 Post by Norman » Tue Aug 04, 2020 11:08 am

SouthAussie94 wrote:City Cross is up for Sale.

https://theurbandeveloper.com/articles/ ... -188448803
Didn't he sell it a few years ago?

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Re: News & Discussion: CBD Retail

#3343 Post by Patrick_27 » Tue Aug 04, 2020 1:03 pm

Norman wrote:
Tue Aug 04, 2020 11:08 am
SouthAussie94 wrote:City Cross is up for Sale.

https://theurbandeveloper.com/articles/ ... -188448803
Didn't he sell it a few years ago?
I don't think the sale attracted the necessary interest and it was pulled off the market. I know that Makris has relocated is head office to QLD and refocused the company's an interest in beachfront/marina type retail (similar to that of Holdfast Shores) so this will explain the offloading of shopping centre-type property here in SA.

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