Aldi plans to give longer leases to ten­ants

Western Suburbs Weekly - - News -

SU­PER­MAR­KET gi­ant Aldi is ex­pected to ex­tend all Cap­tain Stir­ling Shop­ping Cen­tre te­nan­cies to the IGA’s lease end­ing in 2024, ac­cord­ing to Ned­savers co-or­di­na­tor Barry Nunn.

The Ger­man su­per­mar­ket chain pur­chased 11 spe­cialty shops and the IGA su­per­mar­ket in April this year.

“Ne­go­ti­a­tions are pro­ceed­ing be­tween the re­tail traders and Aldi’s leas­ing agent with re­spect to the ex­ten­sion of leases on the site,” Mr Nunn said.

“As well as Aldi tak­ing an ac­tive in­ter­est in es­tab­lish­ing a pres­ence on the site, it is un­der­stood that Wool­worths may still wish to plan a de­vel­op­ment, but of a scale re­duced from pre­vi­ous plans.”

Mr Nunn said the City of Ned­lands had re­cently es­tab­lished a Cap­tain Stir­ling Neigh­bour­hood Cen­tre com­mit­tee.

Among other things, it has be­gun mea­sur­ing traf­fic in some sur­round­ing streets off Stir­ling High­way.

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