GELATISSIMO HEADS WEST
Written on the 3 June 2016
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."