Perth, 11 May 2015 – Spudbar is continuing its foray into the Australian health food market, with the opening of its Fremantle store.
Spudbar has secured a 50sqm retail property opposite the National Hotel in the emerging quick serve dining precinct on the High & Market streets intersection. Spudbar signed a five-year lease on the property, with rents along Market Street ranging from $700 per square metre - $1200 per square metre.
CBRE’s Craig Olde said the new outlet had already gained a strong customer following in the habitually health conscious suburb of Fremantle.
“Sales got off to a strong start, with word of mouth marketing driving daily growth, with the store selling its 1000th spud in less than a week, ,” Mr Olde explained.
“Spudbar is ideally positioned to benefit from high passing trade, due to its highly visible position and proximity to both the train station and Notre Dame Unitversity.”
Mr Olde went on to say that Fremantle was the ideal location for a Spudbar’s store.
“The concept and brand is a great fit for the Fremantle market, which is renowned for being alternative, earthy, and health conscious,” Mr Olde commented.
“The Spudbar concept appeals to a wide range of customers, but has an intrinsic sense of healthiness and goodness appealing to the local sentiments. The concept appears to have gained a key local endorsement, with Freo resident John Butler seen in store on Saturday before his performance at the West Coast Blues and Roots Festival.”
“Furthermore, the new store adds to the variety and interesting retail emerging around the High Street/Market Street intersection, which continues to gain momentum following the reopening of the landmark National Hotel in 2013.
Other new tenants in the immediate precinct include Boost Juice, Clearskincare Clinics, 7Eleven, Pigeonhole and Lapa Brazilia.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.