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  • Two new lease deals leave little space remaining at Gepps X

Two new lease deals leave little space remaining at Gepps X

14 July 2014
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​Adelaide, 14 July 2014 – Two new retailers have joined the mix at the strongly performing Gepps X homemaker centre in Adelaide.

National laser hair removal chain Hair Free and sushi bar LOVE SUSHI have both leased space in the centre, which is located at 750 Main North Road, Gepps Cross.

The Adelaide Manager of CBRE’s Large Format Retail division, Dallas Sears, negotiated the two deals, leaving just a few areas still available for lease in Gepps X - one of Australia’s largest homemaker centres.

Situated just 10km north of Adelaide's CBD, the centre comprises a mix of national and local retailers, including the largest Harvey Norman in South Australia. Other tenants include Toys R Us, JB Hi-Fi, Super Amart Furniture, The Good Guys, Baby Bunting and Barbeques Galore.

Hair Free has over 40 salons across Australia. It has taken a 137.9sqm store in Gepps X on a five-year term with a five-year option.

“Hair Free will be opening in the coming months further expanding the already diverse tenant mix at Gepps X,” Ms Sears said.

LOVE SUSHI has leased 107.1sqm of space on a seven-year term. Ms Sears said there were now only two remaining food retailing opportunities at Gepps X of 45.1sqm and 140sqm.

“LOVE Sushi is an experienced food operator that will further strengthen the fresh food offering at the centre and give staff and customers diversity of choice,” Ms Sears said.

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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 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 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.au.
 

 

 

 

 

 

 

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