Ayr shop­ping boost

Townsville Bulletin - - Investor - by Martin Rasini martin. rasini@ townsville­bul­letin. com. au

THE Bur­dekin district is to gain an ex­panded re­tail of­fer­ing fol­low­ing com­ple­tion of Bur­dekin Plaza, a $ 3.5 mil­lion de­vel­op­ment that has added nine ten­an­cies to the Coles su­per­mar­ket site in Ayr.

Busi­nesses signed up for the ten­an­cies in­clude a BWS liquor store and a Cof­fee Club out­let.

All ten­an­cies are food-en­abled and oth­ers will ac­com­mo­date busi­nesses such as bak­ery, phar­macy, and home­wares as well as eater­ies.

The nine out­lets share 885sq m of re­tail space, and range from 50sq m to 190sq m.

They sit ei­ther side of the en­trance to the 4600sq m Coles store, and front a 240-ve­hi­cle car park where 100 spaces will be cov­ered with shade sail.

The Bur­dekin Plaza pro­ject is com­ple­mented by a $ 4 mil­lion re­fur­bish­ment and re­fit­ting of the Coles out­let, due for com­ple­tion in May, that will see the Ed­wards St precinct present as a new re­tail cen­tre.

The de­vel­op­ment of Bur­dekin Plaza comes in wake of di­vest­ment of the 12,130sq m Coles prop­erty by Trin­ity Funds Man­age­ment for $ 9.1 mil­lion in Novem­ber 2009.

The prop­erty was ac­quired by an in­vest­ment con­sor­tium in­clud­ing Mel­bourne-based Las­corp De­vel­op­ment Group ( Aust), which man­ages the prop­erty and is associated with vet­eran shop­ping cen­tre de­vel­oper Michael Lasky.

L a s c o r p g e n e r a l m a n a g e r Mal­colm Bam­ford said the inves- of the Ayr prop­erty over time.’’

Leas­ing agent Neville Smith, of Col­liers In­ter­na­tional in Townsville, said Bur­dekin Plaza pre­sented an op­por­tu­nity to se­cure highe x p o s ur e s p a c e i n a p r e c i nct an­chored by a ma­jor na­tional re­tailer and vis­ited by 15,000 shop­pers each week.

‘‘ We be­lieve Bur­dekin Plaza of­fers a venue not only for tra­di­tional re­tail­ing, but also for a broader range of en­ter­prises i nclud­ing tech­nol­ogy-based busi­nesses such as com­puter gam­ing,’’ he said.

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