Beds R Us has made its foray into the Perth market, opening the doors to its newest store at Joondalup Square.
The national retailer has signed a seven-year lease on the 465sqm showroom property at 3 Sundew Rise, joining other brands such as A Mart Furniture, Beacon Lighting, Forty Winks and Bunnings at the homemaker centre.
The new showroom marks Beds R Us’ first store in Perth.
CBRE’s Kenny Wang and Richard Cash negotiated the lease on behalf of Joondalup Square.
“Beds R Us was attracted to Joondalup Square given the centre’s excellent road exposure and high foot traffic,” Mr Wang said.
“We were able to achieve a very strong market rent, which is reflective of the positive Joondalup retail trading environment.”
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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 (based on 2016 revenue). The company has more than 75,000 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.
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 (based on 2016 revenue). The company has more than 75,000 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.
