Zara to launch in Adelaide in November
Fashion giant Zara has ended months of speculation with confirmation it will launch into Adelaide this year, taking up occupancy in the Burnside Village complex.
It is among a number of fashion retail openings scheduled for the shopping centre, which has undergone a $100 million redevelopment by the Cohen Group.
The majority of stores are scheduled to open in October, followed by Zara in November.
Sass & Bide, Oroton, Saba, Karen Millen, Sportscraft Signature and Charlie Brown will be among the high-profile fashion occupants at Burnside, which is a middle class eastern suburb about four kilometres from the Adelaide CBD.
The Zara site will be among the largest in Australia, spanning 2300 square metres. The leasing deal was negotiated by Colliers International agent Ben Laycock.
The two-level store will be based on the design of Zara's recently opened Fifth Avenue, New York store.
Zara successfully launched into the Australian market earlier this year, with concept sites in Westfield Sydney and on Bourke Street, Melbourne.
Laycock says Zara had not ruled out taking space at the Rundle Mall in Adelaide at a later date.
Zara has 1,700 stores worldwide with sales of about $10 billion last year.
Commercial property is a serious business.
Thinking Property? Think Savills.
Meanwhile, Mike Quigley, boss of the federal government's National Broadband Network, has also sold his Mosman mansion recently at $3,555,000. It represented a loss on the $3.6 million paid in 2007.
Commercial Property Search
Brought to you by: Caydon
Atria Apartments in Hawthorn offers buyers an opportunity to invest in one of Melbourne’s finest suburbs.
The first bloke Tim Mathieson buys $115,000 bush block on Lake Eildon to build a shack amid the serenity
Texan billioniare Jim Clark and model Kristy Hintze list Point Piper harbourfront bolthole: Title Tattle