South Australia’s primary vogue and way of life procuring centre, owned by the Adelaide primarily based Cohen Group, has added some large names to its tenancy listing.
Burnside Village, positioned in Adelaide’s japanese suburbs, has signed a number of high-profile retailers together with worldwide brands Hugo Boss and Polo Ralph Lauren.
The centre, which is anchored by Coles and South Australia’s solely Zara retailer, is made up of 100 speciality outlets. It was ranked as Australia’s quantity two performing centre by complete gross sales (MAT) within the annual Shopping Centre News 2020 Mini-Guns class.
Hugo Boss has agreed to lease a first-rate nook flagship retailer reverse Zara, because of open in early 2021. Polo Ralph Lauren can be opening previous to Christmas 2020.
In September, Seed Heritage opened its new two-level 500+m2 Seed Heritage flagship retailer on the other nook to Zara and the proposed Hugo Boss. Footwear retailer, Tony Bianco, can be opening a brand new retailer earlier than Christmas 2020.
Colliers’ Head of Retail Leasing in South Australia, Ben Laycock, stated: “Having closed its metropolis retailer in January 2019, Hugo Boss is thrilled to deliver its newest match out and its full males’s and girls’ swimsuit and vogue vary to Burnside Village.
“The quality of the centre and the calibre of co-tenants at Burnside Village made Brandbank’s decision to expand its Seed Heritage brand and establish a flagship store at Burnside an easy one,” stated Laycock. “Scanlan Theodore, one of Burnside Village’s top performing fashion stores has also shown confidence in the centre by extending its current lease. Meanwhile, a new lease to Lorna Jane signals the strength of the Ladies Active Leisurewear category, joining the highly successful Lululemon store at the centre.”
Burnside Village has additionally just lately undertaken a refurbishment of the Village Market anchored by Coles. Four new leases have been signed with Sushi Hub, Mr Cheese, Dumpling Lab and Chi Body Spirit.
“In addition, existing popular retailers Haydon’s Butcher, the Village Bakery and Let Them Eat have all re-committed to longer term leases and undertaken new fitouts, and South Australia’s unique Tony & Marks will expand its store and offering,” he added.
Cohen Group CEO, John Blunt, stated: “Burnside Village had recovered strongly since June with total centre traffic close to prior year levels and sales higher than 2019. This reflects our strong tenancy mix, premium presentation, easy access with undercover parking and convenient suburban location.”
Burnside Village has an adjoining cleared development-ready web site of about 10,000m2 with prime frontage to each Greenhill and Portrush Roads. The Cohen Group has plans to develop Burnside Village as soon as there may be extra certainty with financial circumstances.