Fortius Funds Management has laid out plans to revitalise an inner Sydney homemaker centre with a new street-front food and beverage development and fresh tenancies.
The intention is to reposition Artarmon’s 10-year-old Home HQ as a genuine lifestyle shopping destination for Sydney’s North Shore.
Fortius purchased Home HQ in May 2018 and has been quick to execute its vision.
The group has released plans for The Front Yard – a 686sqm, purpose-built food and beverage precinct, with the potential for multiple concepts to program the space for events and other community activities.
Already benefiting from a huge catchment of customers – including patrons from the Royal North Shore Hospital, the surrounding commercial and residential population and the existing Home HQ foot traffic – the addition of The Front Yard will enable Home HQ, Artarmon to attract a much broader audience.
CBRE’s Leif Olson and Oxford Agency’s Steffan Ippolito, have been appointed to run the Expression of Interest campaign for The Front Yard with development is set to launch early this year.
Mr Olson said Artarmon was the Alexandria of the north and, due to an undersupply, several major food and beverage players were scouting for suitable venues in the area.
“With the current lack of quality food and beverage opportunities on the lower North Shore, The Front Yard by Home HQ represents an opportunity for experienced operators to tap into a highly affluent market, which is crying out for a good quality offering,” Mr Olson said.
Large format retail centre owners are capitalising on the convenience and abundant parking offered, increasing visitation and dwell time. The Front Yard by Home HQ is one such development taking advantage of this trend.
Mr Ippolito said The Front Yard had the potential to become the focal point of Home HQ and a drawcard for customers within the immediate catchment and further afield, given the abundance of outdoor space available, kids play area and 450 car bays.
The plans have been unveiled on the heels of Fortius leasing space at the centre to two new tenants - DeRUCCI and Unique Car Wash.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
