LeaseWise News
H&M confirms opening date of two new Melbourne stores
Swedish fashion retailer H&M has confirmed the opening dates of its two new Melbourne stores, which will be located at Northland Shopping Centre and The Glen Shopping Centre. The Northland store will be the sixth H&M store to open in Victoria when it launches on September 20, spanning approximately 1500sqm, while the store at The Glen…
Read more...What is a Retail Leasing Expert?
A retail leasing expert is someone with strong retail property market knowledge and the ability to adopt this knowledge in order to maximise returns for their retail client. Extensive industry knowledge as well as a clear understanding of the individual client’s retail vision, including which market the retailer is trying to capture will allow a…
Read more...What hidden costs are there in a lease?
Do you know what costs are entailed when you sign up to a lease? The lease has one headline number, the rent. It is very important to realise that there are several recurring costs, some monthly, some annually and some at start-up of any lease that can make or break any business. The disclosure statement,…
Read more...Sumo On The Mat This Time
Peter Gothard and Morgan Kelly from financial advisory and restructuring firm Ferrier Hodgson have been appointed administrators of SumoSalad Group yesterday. “The Administrators now control the Group’s operations and are assessing the Group’s financial position,” wrote Kelly in a letter to SumoSalad’s creditors in a letter. The company’s first meeting of creditors will be July…
Read more...Fear that Food Saturation is coming
Suburban retail vacancies in Melbourne have hit a ten-year high to 8.6 per cent, with vacancy now well above the series average of 4.8 per cent , according to the recent Knight Frank survey. The survey, however, indicated that while clothes, footwear and soft goods retailers have closed shop and contributed to the rising vacancy rate,…
Read more...“Gloomy outlook” for retail sector
Business confidence is falling among leaders in retail and the construction and services sector. Illion’s Business Expectations Index now stands at 21.7 points, down 8.3 per cent from the previous quarter, but up 29.6 per cent year over year. The retail sector reported significant declines across all indices over the quarter, with profit expectations…
Read more...The Elephant in The Room
Lots of media about Franchising and rogue Franchisers lately. The sector has been kicked from pillar to post with all the examples shown in the media correct and horrific. How did we get there? There are three (3) layers of Franchising in Retail and the Elephant in the room. Good Franchise systems Once Good Franchise systems…
Read more...Leasewise Market Update February 2018
LEASEWISE MARKET UPDATE | FEB 2018 Happy New Year to all! We hope that you had a wonderful break- we are looking forward to a great year! The market is healthy and we are trending upwards, as are our retailers. In this market update, we summarise the final six months of a great year, 2017 with some great statistics. NEWS &…
Read more...Cafe Chain Oliver Brown in Administration After Tax Dispute
Belgian cafe chain Oliver Brown has fallen into voluntary administration after a dispute with the taxman, owing more than $29 million to creditors. The 50-store franchise chain has been in the hands of Tim Heesh of TPH insolvency since 8 May and may have traded while insolvent, a creditors report filed with the corporate regulator said….
Read more...Vicinity to Offload $1 billion in Assets
Listed landlord Vicinity Centres will offload $1 billion in sub regional and neighbourhood shopping centre assets in a significant repositioning of its retail portfolio designed to increase its exposure to market leading investments. Unveiled on Monday, Vicintiy said the plan would provide funds for new development opportunities that would enhance its portfolio, following a review….
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