Billabong buys into Airlie Beach growth
AUSTRALIA’S home-grown gl obal s urfwear company Billabong is poised to expand its Queensland clientele – at the Whitsundays coastal resort town of Airlie Beach.
B i l l a b o n g h a s t a k e n a lengthy lease on a 190sq m retail outlet at Port of Airlie, a $ 750 million residential, retail and marina development b e i n g u n d e r t a k e n b y B r i s b a n e - b a s e d c o mpa n y Meridien, linked to Russell McCart.
The listed surfwear retailer joins Coffee Club as an anchor tenant in Port of Airlie’s boutique retail precinct, at t h e b a s e o f t h e 5 6 - u n i t Boathouse Apartments.
The Coffee Club will occupy a 300sq m space with a 100sq m alfresco area.
The space is undergoing fitout and the outlet is expected to open for Easter.
The outlet is being establ i s h e d b y T o w n s v i l l e b u s i n e s s w o m a n C a r o l y n McManus, who operates four Coffee Club venues in her home city and holds an eightyear lease with seven-year option on the Port of Airlie property.
Port of Airlie retail leasing executive Frank Fabris said yesterday the Billabong lease ‘‘ has just been signed in the past few days’’ and the apparel and accessories outlet was expected to open for busi-