Wallspan Kitchens and Wardrobes has become the latest new addition to Adelaide’s Noarlunga Centre.
The leading Adelaide home renovation brand has signed a 529sqm lease agreement at the 160-168 Beach Road centre, which is recognised as one of Adelaide’s leading large-format retail, shopping and entertainment hubs.
CBRE Advisory & Transaction Services Associate Director Dallas Sears negotiated the lease, which is for five years with options.
While the rental has not been disclosed, market rates in the area are $200/sqm - $250/sqm.
The Wallspan deal closely follows a commitment by Carpet Court to open at Noarlunga Centre after leasing a 329sqm showroom.
“This, with the recent addition of Carpet Court, means that the centre is now fully let to some fantastic national retailers,” Ms Sears said.
“Underpinned by these commitments, the owner is preparing some upgrades to continue to improve the centre.”
Noarlunga Centre is home to a range of high profile national tenants, including the Good Guys, Barbeques Galore, Snooze and Carpet Court,
Wallspan is expected to open in early December, with fitout works having already begun.
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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.
