Eight of the former sites have already opened at Marsden Park, Penrith and Rutherford in NSW, Pakenham and South Morang in Victoria, and Toowomba, North Lakes and Tingalpa in Queensland. A further two will open before Christmas, one in Joondalup, WA, and one in Ballarat, Victoria.
From nothing, that Marsden Park retail area has performed brilliantly over the past 2-4 years. It’s only Masters that failed. Bunnings, Ikea, Aldi, Lindt and the other outlets have an increasing population in the area and will continue to perform well.
OrotonGroup has gone into administration but 59 Oroton stores will continue to trade as usual while administrators Deloitte Restructuring Services pursue a sale or a recapitalisation.
Germany’s Schwartz Group, which owns Kaufland, has bought a former Bunnings site in Dandenong in south east Melbourne for $16.4 million. It will be Kaufland’s second Australian site after Adelaide.
Checked out the re-purposed Masters store at Tingalpa today. Lots of radio advertising and live crosses on Saturday for the opening of the Anaconda store. Only three stores open so far - Anaconda, BCF and The Good Guys. Massive turnout though, with the car park completely full and line-ups at the pay stations in stores. BCF and Anaconda good choices for the Bayside area - both were packed!
I drove past the old Masters now new mall at Marsden Park during the week, the car park was as busy as all the surrounding centres. The revamp has worked there too.
Drove past the old Masters in Mandurah WA, it’s half painted in Bunning’s green. There is another Bunnings near by but I guess that one will be shutting down? far too close for two stores
The former Masters in Landsdale WA has also began being painted Bunnings green, each side being painted everytime I go past it, they have also started putting up the cream coloured fixtures on the walls.
Same deal at Albion Park Rail, NSW, I noticed the walls started to be painted a few weeks ago. The Shellharbour City Centre Bunnings will close once it is open (3mins down the road).