{"id":82855,"date":"2017-07-04T16:30:07","date_gmt":"2017-07-04T05:30:07","guid":{"rendered":"http:\/\/smartoffice.com.au\/harveys-to-anchor-new-bulky-goods-site\/"},"modified":"2017-07-04T16:30:07","modified_gmt":"2017-07-04T05:30:07","slug":"harveys-to-anchor-new-bulky-goods-site","status":"publish","type":"post","link":"https:\/\/staging.strixdevelopment.net\/smartoffice\/2017\/07\/04\/harveys-to-anchor-new-bulky-goods-site\/","title":{"rendered":"Harveys To Anchor New Bulky Goods Site"},"content":{"rendered":"<p>Harvey Norman will part of a 50 per cent stake along with Charter Hill in the development of a 60,000-square metre bulky goods centre at Gepps Cross, 10kms north of the Adelaide CBD, for $25 million, while Axiom will purchase the other 50 per cent currently owned by Pivot Group.<P>Harveys&#8217; will become the anchor tenant at the centre with a 12,000 square metre store.<\/P><P>In addition, a second bulky goods retail project is being developed in Mentone, Melbourne, between the three players &#8211; Pivot, Harvey Norman and Charter Hill &#8211; as an extension of the &#8220;successful relationship&#8221; at the Mentone site, said the companies.<\/P><P>The three developers have agreed to buy the 16-hectare site on Main North Road from Axiom&#8217;s major shareholder, Peter Laurance&#8217;s Pivot Group. Earthworks have reportedly commenced and construction is expected to start early next year, for a March 2009 opening.<\/P><DIV class=NFBreak contentEditable=false style=page-break-before:always>&nbsp;<\/DIV><P>Axiom managing director, Ben Laurance, said that bulky goods retailers had pointed out the shortage of quality, large-scale homemaker centres in Adelaide, and it was therefore no surprise that expressions of interest had been received for most of the proposed tenancies.<\/P><P>&#8220;This will be one of the biggest bulky goods centres in Australia, so it will be truly a one-stop comparison shopping destination on one of the most high profile sites in Adelaide,&#8221; he said in a notice to shareholders.<\/P><P>&#8220;The fact that Harvey Norman is taking their biggest format store gives the stamp of approval to the site and is a strong endorsement of the quality of the development.<\/P><P>&#8220;Significant interest from most of the high quality National retailers with proven trading records has been received for the major part of the rest of the centre.<\/P><DIV class=NFBreak contentEditable=false style=page-break-before:always>&nbsp;<\/DIV><P>&#8220;The zoning sensibly permits more than a dozen small food and beverage tenancies, so the whole centre will be a family-friendly shopping environment.&#8221;<\/P><P>The Main North Road centre is being leased by John Savva of CBRE Adelaide, and Jeff Klopper, CBRE&#8217;s national leasing director. HOME HQ Gepps Cross, as the centre will be known, is expected to have an end value of $150 million. <\/P><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Harvey Norman will part of a 50 per cent stake along with Charter Hill in the development of a 60,000-square metre bulky goods centre at Gepps Cross, 10kms north of the Adelaide CBD, for $25 million, while Axiom will purchase the other 50 per cent currently owned by Pivot Group.<\/p>\n","protected":false},"author":100,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[28,179],"tags":[],"class_list":["post-82855","post","type-post","status-publish","format-gallery","hentry","category-archive","category-retail","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Harveys To Anchor New Bulky Goods Site - Smart Office<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging.strixdevelopment.net\/smartoffice\/2017\/07\/04\/harveys-to-anchor-new-bulky-goods-site\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Harveys To Anchor New Bulky Goods Site - 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