IKEA Archives - realestatesource

ADELAIDE’s IKEA store is for sale, with a price tag of some $50 million.

The store at 397 Sir Donald Bradman Drive at the Adelaide Airport is being offloaded by direct property fund LEX Retail Property Trust. Unit holders agreed to sell the asset at a meeting last October.

The asset includes 24,500 square metres of area over two levels. The complex was built in 2006 and also includes a cafeteria, office, warehouse, loading dock and car park.

Colliers International’s director of investment services Alistair Mackie is marketing the property, which is on a prime corner adjacent to Adelaide’s principal entry – a developing commercial, retail and industrial hub.

Victoria

Springvale Homemaker Centre Opens, Melbourne

September 12, 2011 Marc Pallisco harvey norman, IKEA, Melbourne Shopping Centre, Springvale

THE massive Springvale Homemaker Centre has opened in Melbourne’s outer-south east.

The 205,000 square metre (gross) complex, a joint venture between Harvey Norman and IKEA (Sweden) has been in the works since 2006.

The double storey complex and 2800 car parks (impression, right) is anchored by the two retailers: Harvey Norman occupies a 10,000 store, while IKEA will trade from a huge 36,000 square metre facility.

Victoria

Australia’s Largest Homemaker Centre Set to be Developed in Springvale, Melbourne

January 17, 2010 Marc Pallisco bulky goods development, City of Greater Dandenong, harvey norman, IKEA, justin madden, retail development, Springvale Homemaker Centre

AUSTRALIA’s biggest Homemaker Centre will be developed in the outer south-east suburb of Melbourne, not far from Autralia’s biggest shopping centre, Chadstone.

The 80,000 square metre $286 million facility will include about 20 stores including Melbourne’s second IKEA, and a Harvey Norman store.

The project was “called in” – effectively approved – by the Planning Minister Justin Madden last Friday, along with a 38-level apartment building and hotel in Box Hill, and another apartment tower in Southbank.