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Canada's Leading Retailers Will Enter The Australian Market in 2013

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Core prompt: Three of Canada's leading retailers will enter the Australian market in 2013 with each debuting their stores in Adelaide's premier CBD shopping centre,Rundle Place which is set t

Three of Canada's leading retailers will enter the Australian market in 2013 with each debuting their stores in Adelaide's premier CBD shopping centre,Rundle Place which is set to open in March.

Rundle Place is a$385 million redevelopment of the old Harris Scarfe site currently under construction.It is located in Adelaide's iconic retail precinct,Rundle Mall and extending the depth of the city block through to the retail/office based Grenfell Street.Upon completion it will offer tenants and visitors alike,a premium shopping experience with bright spaces and open light voids.

"We are thrilled to have three of Canada's leading retailers making their Australian debut in Rundle Place"said Stephen Hyde,Pacific Group Leasing Executive."The confidence shown by these three who we've bought into Australia via their master licensor Retail Expansion Pty Ltd,in addition to others who are entering the Adelaide market for the first time and in some instances doing so ahead of opening outlets along the eastern seaboard is particularly pleasing and highlights the premium offering of Rundle Place".

The three Canadian retailers leading the charge to Rundle Place are:Point Zero-the number one leading Canadian brand name and the largest manufacturer of chic and fashion-forward ready-to-wear apparel for men,women and children.

Point Zero currently operates more than 35 flagship boutiques across Canada,920 Shop-in-shops in department stores as Dillard's,Macy's,BAY,Sears and has successfully opened franchises in Central and South America and the Middle East.Point Zero aims to open 100 retail stores in the next 3 years.

Joshua Perets-a retail store dedicated primarily to the teen and tween market includes everything from undergarments to hoodies,jeans to accessories and perfume was created in 2001 by the founder of the same name.As of April 2012 there were 35 stores operating across Canada.

La Vie en Rose–Canada's leading specialty lingerie retailer targeting women 25-54 with over 165 boutiques across Canada.Since 2004 the brand has expanded into the Middle Eastern,European and Asian markets with a total of 50 international outlets.

"We are very excited to open our first stores in a growing city like Adelaide.Rundle Place has proven to be the right spot for us with the best mixture of national and international big brands"said Joseph Waknine,Director of Retail Expansion Pty Ltd.

Rundle Place will include a four storey retail centre,anchored by Coles and a food court on the lower level;Harris Scarfe department store on part of Level 1 and all of Level 2 and approximately 70 specialty retail tenancies,with the fashion offering to be provided on ground level.

The development also includes an eleven storey commercial tower(set to open October 2013)which is preleased to the Adelaide/Bendigo Bank.The purchase of the adjoining car park by the developers provides 500 casual car parking spaces and 100 pre-leased car spaces that will directly link to each level of the retail centre.
 
"The centre is now 95%leased and interest continues to be strong.Over the coming weeks we will be able to release more exciting international names who have decided to make Rundle Place their home",said Ilona Rose,Project Leasing Manager for Rundle Place.
 
Pacific Development is a member of one of Australia's largest private property development,and investment groups.Rundle Place is the first in a series of substantial retail property investments which will include major expansions of Pacific's assets-Werribee Plaza and Epping Plaza.
 
 
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