Costco Chooses Canberra For Third Australian Store

COSTCO will open its third Australian outlet in Canberra, and retail giant Woolworths is right behind it.

Costco has chosen the Majura Park shopping centre adjoining the Canberra Airport to open its second NSW store. Majura Park is the new name for the collapsed Airport Brand Depot discount outlet.

Only two stores within the previous shopping centre remain: Toys ‘R’Us and Babies ‘R’Us.

Woolworths has also leased space within the revamped centre, and will open an 8000 square metre Big W, a 400 square metre Dick Smith and a 4800 square metre supermarket.

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Emboss Capital Pays $55 Million For Civic Office, Canberra

EMBOSS Capital has paid $55 million for a Canberra office building – its second major transaction on Australia’s east coast recently.

The A-grade, six-level, 9000 square metre office, in the suburb of Civic, was sold with a long lease to the federal government.

According to the selling agencies, Colliers International and Jones Lang LaSalle, the building sold on a yield of 7.4 per cent.

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Department of Climate Change Leases Major Canberra Office

THE Department of Climate Change and Energy Efficiency has leased a 21,000 square metre office in Canberra, paying a whopping annual rent of between $420 and $450 per square metre.

The government employers will work from picturesque space adjacent to Lake Burley Griffin, at a $550 million development being built by the Molonglo Group on the site of the former Hotel Acton.

The government body’s headquarters will be known as the New Acton Nishi office.

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