Adelaide, 15 November 2015 – Mt Barker Homemaker Centre has embraced the pop-up store concept with the introduction of a temporary new tenant: Barang.
CBRE Retail Services Manger Dallas Sears introduced Barang – a retailer with an existing store on The Parade in Norwood, who has “popped up” on a short term licence at Mt Barker.
Barang describes itself as a fun, edgy concept store that stocks an eclectic mix of items, including artistic home wares, gifts and furniture sourced from all over the world.
The Mt Barker pop-up store had a soft opening yesterday, which generated considerable interest.
“While pop-up shops have become an increasingly common component of retail strips across Australia, they are not the norm in large format retail centres,” Ms Sears.
“However, the balance is now shifting as owners identify opportunities to enhance the shopping experience for their customers.”
The Mt Barker Homemaker Centre is owned by Bulky Goods Pty Ltd. Situated in the Adelaide Hills, the centre offers 15 retail stores, a café and the offices of the Department of Education and Children Services and the District Council of Mount Barker.
Ms Sears said pop-up stores had become an effective tool for both landlords and retailers and could last for a period of a few days to a few months, depending on the retailer.
“The benefits pop-up shops provide to both landlords and tenants are a key factor behind their rising popularity,” Ms Sears said.
“For landlords, the ability to have a space occupied and generating significant income and excitement whilst a more permanent tenacity is established is extremely advantageous. For retail tenants, these spaces allow the market to be tested in the launch of a product or service or to offload excess stock, without committing to a long-term agreement.”
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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 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 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.