QUEEN STREET MALL LURES JAPANESE RETAIL GIANT

Written on the 4 June 2013

QUEEN STREET MALL LURES JAPANESE RETAIL GIANT

This week’s arrival of Japanese retail giant Daiso to the Queen Street Mall Myer Centre underlines commercial confidence, according to Lord Mayor of Brisbane Cr Graham Quirk.

“Queen Street Mall is the most successful pedestrian mall in Australia with 26 million visitors a year and one of the lowest vacancy rates at approximately 1.9 per cent.

“The opening of Daiso here this week is yet another example of Brisbane attracting the interest and investment of major international retailers,” he says.

The Japanese mega-retailer, known as 100 Yen Shop in Japan, is promising to be unlike anything Queenslanders have seen before, with more than 70,000 products all with a price tag of $2.80.

In the last 18 months, Queen Street Mall had a $100 million redevelopment of the Wintergarden building and a $14 million redevelopment of the Hilton Hotel.

The Industry Superannuation Property Trust (ISPT) has also proposed plans for a $70 million retail store in the Queen Street Mall.

With more upgrades earmarked, Brisbane Marketing CBD Director Megan Barron says the mall is attracting major international retailers.

“These international retailers [who are] choosing Brisbane have a very detailed and strategic recipe for success. They do their homework to ensure the growth is there and the figures stack up,” she says.

“We are seeing a wave of renewal in the QSM at the moment, making sure it’s an attractive destination for shoppers and potential investors.

“Brisbane Marketing and Brisbane City Council are actively involved in generating this investment activity making sure the QSM is an attractive destination for shoppers and potential investors,” she says.


Latest News

REBRANDING AND RESTRUCTURING LIFTS HELLOWORLD TO SOLID FY RESULTS

HELLOWORLD Travel Limited (ASX: HLO) has posted a profit before tax of $31 million for FY17, an 800 per cent incre...

THE MOTHER OF THREE WHO HAS SHARK TANK'S ANDREW BANKS AND STEVE BAXTER FIGHTING TO INVEST WITH HER

NOT every entrepreneur on Shark Tank Australia convinces the 'sharks' that their business is worthy of inv...

CORPORATE TRAVEL MANAGEMENT NOTCHES UP 23 YEARS OF CONSECUTIVE GROWTH

CORPORATE Travel Management (ASX: CTD) has reported its strongest ever full-year results, with a net profit increa...

REPORTING SEASON WRAP: TUESDAY HIGHLIGHTS

* BHP Billiton (ASX: BHP) reported full year net profit of $7.42 billion compared to a $8 billion loss in the previou...

Related News

THE MOTHER OF THREE WHO HAS SHARK TANK'S ANDREW BANKS AND STEVE BAXTER FIGHTING TO INVEST WITH HER

NOT every entrepreneur on Shark Tank Australia convinces the 'sharks' that their business is worthy of inv...

DARK DAYS AHEAD FOR AUSTRALIAN RETAIL AS REPORT FORECASTS MAJOR INDUSTRY ROUT

ALMOST 1,600 retail businesses are at risk of imminent collapse, including 21 major retailers with turnovers of more ...

REPORTING SEASON WRAP: MONDAY HIGHLIGHTS

* FORTESCUE Metals (ASX: FMG) reported net profit after tax (NPAT) of $2.64 billion for the year to June 30, up fr...

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter