Melbourne based family business Noordenne Family Group are expanding their Coles anchored Derrimut Village Shopping Centre with the addition of 3,500sqm of retail and a 7-Eleven.
The existing 5,600sqm Centre, which is anchored by a 3,200sqm Coles, Chemist Warehouse and McDonalds, has seen positive growth over the past few years, underpinned by a growing residential catchment that can be best described as discount savvy consumers. Each of the incoming retailers seeing real opportunity, tapping into a market driven by consumers seeking affordable items.
Chris Parry and Nick Segran of Leedwell Property who are marketing the expansion have precommitted three new retailers to anchor the development. Salvation Army and NQR Discount & Variety each securing 470sqm and Ezy Buys committing to 1,000sqm are the most recent addition to the Stage 2 expansion.
Nick Segran said “with the retail environment evolving on a daily basis, the inclusion of three new retailers to the market certainly promotes some positive affirmation to the industry. With the imminent rise of discount shopping, each retailer will be a welcomed addition to the centre. All adhering to a common theme and ultimately complementing each other in its own right”.
“Despite disruption from COVID-19, many groups we are dealing with understand that this will pass and Omni-channel retailing is still best practice, it’s important to continue to develop amenity and convenience to Melbourne’s growth suburbs” Nick stated.
The Noordenne Family are not unfamiliar with challenges, and unprecedented times, Johanna and Lodewyk (Lew) Noordenne migrated from the Netherlands shortly after WWII in the early 1950’s to what eventually became a legacy of constructing more than 1,000 homes across Melbourne’s west, and developing numerous shopping centres.
Stage 2 of the development, is expected to be complete by Q4 2020 and offers a further 1,800sqm of retail space available, sizes ranging from 130-1,340sqm.
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