GELATISSIMO HEADS WEST

Written on the 3 June 2016

GELATISSIMO HEADS WEST

SYDNEY-based artisan gelato specialist Gelatissimo has made its first foray to the west coast of Australia, after launching an outlet in Perth.

CBRE agent Craig Olde and Fremantle Property Services agent Anthony Van Der Weilen negotiated the 30sqm store on the corner of Market Street and South Terrace.

Gelatissimo subleased the site from The Change Group, which has its currency exchange on the corner and will share a shop front with the gelato vendor.

Sub-40sqm retail properties in the vicinity attract rentals of $1600 per square metre to $2000 per square metre.

Olde says the deal was evidence of Fremantle's growing appeal, with the portside suburb increasingly viewed as one of Perth's key retail markets.

Fremantle's foot traffic continues to grow," Olde says.

"While traditionally the port city has had high weekend visitation that tapers during the week and winter months, now we're seeing prolonged and sustained pedestrian movement as more jobs, study, residents and leisure activities flood the city.

"Gelatissimo identified Fremantle as a great location to launch its first WA outlet, with high visibility and a visitor base from all over WA.

"The brand's new Fremantle outlet follows stores in other high streets such as Lygon Street in Carlton, Hastings Street in Noosa and King Street in Newtown - with the retailer attracted to these boutique locations over large shopping centres."

 


Latest News

BRAMBLES TUMBLES AFTER REDUCING GUIDANCE

BRAMBLES (ASX: BXB) will miss its first-half guidance due to cost pressures at its North America business.

The com...

VILLAGE ROADSHOW PARKS HURT BY DREAMWORLD TRAGEDY

QUEENSLAND visitors to Village Roadshow (ASX: VRL) theme parks have declined 12 per cent in the wake of four deaths a...

ASF UNVEILS TRAFFIC PLANS FOR THE SPIT

A SECOND bridge over the Nerang River is the centrepiece of the ASF Consortium's plan to improve traffic flow ...

BHP AND VALE EDGE CLOSER TO $47.5 BILLION SAMARCO DAM DISASTER SETTLEMENT

BHP Billiton (ASX: BHP) and Brazilian mining company Vale have entered into a preliminary agreement with Brazilian fe...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter