Bil­l­abong buys into Air­lie Beach growth

Townsville Bulletin - - Investor -

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-

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