Retail, commercial centre opens in CBD

20/08/2009 - 13:30

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The CBD has welcomed the latest retail addition to the Hay Street Mall with the opening of the $400 million enex100, which is also part of a broader mixed-use asset which incorporates a 24-level office tower housing over 2,000 people.

The CBD has welcomed the latest retail addition to the Hay Street Mall with the opening of the $400 million enex100, which is also part of a broader mixed-use asset which incorporates a 24-level office tower housing over 2,000 people.

The commercial tower at 100 St Georges Terrace, which carries the same name, was 97 per cent pre-leased as far back as April 2008 despite the economic downturn affecting commercial leasing in the city during the past year.

Tenants include National Australia Bank, international oil and gas company Apache Energy, Japanese oil and gas giant INPEX Browse, International engineering company Kellogg Brown & Root and the National Offshore Petroleum Safety Authority.

Owners of the retail development, Industry Superannuation Property Trust said this is the most significant retail development in the CBD for many years and expects tenant demand to remain strong.

In development since 2006 with Brookfield Multiplex, this is the first stage launch of this $400 million retail precinct that is set to deliver a dynamic, engaging and different CBD shopping experience based around contemporary retailing trends.

 

 

 

 

Full announcement(s) below:

enex100 attracts retailers in spite of market downturn

Despite the global economic downturn, Perth City's most significant new retail development, enex100 continues to lease commercial space as it firmly positions itself as the CBD's most unique and contemporary fashion retailer.

enex100 offers a fashion experience that distinguishes it from its competitors, currently housing leading brands including the much anticipated Hardy Brothers Jewellers, Guess, Veronika Maine, Mimco and Witchery.

Converse to the trends currently taking place in financial markets, investors in developments like enex100 are embracing continued growth from such high demand.

The interest in the overall development has been substantial with many national and international brands eager to lease within the Centre.

Owners of the retail development, Industry Superannuation Property Trust (ISPT) representative, says this is the most significant retail development in the CBD for many years and expects tenant demand to remain strong.

"In the CBD, visiting shoppers and office workers are driving this demand. Naturally the growing population and in particular the growing population of people who work in the CBD results in an increased retail spend."

The unprecedented investment in the CBD and in particular enex100 is a testament to the City's vibrant and exciting growth"

Featuring three levels of retail with entrances from both the Hay Street Mall and St Georges Terrace, enex100 will link the City's key Retail and Commercial precincts.

enex100 is also part of a broader mixed-use asset which incorporates a 24-level of office tower, 100 St Georges Terrace, housing over 2,000 people.

100 St Georges Terrace, consists of a 24-level office tower facing St Georges Terrace and the Swan River.
Scheduled for completion in August 2009, the development was an instant success and as far back as April 2008 was 97% pre-leased.

Other major tenants include National Australia Bank, international oil and gas company Apache Energy, Japanese oil and gas giant INPEX Browse, International engineering company Kellogg Brown & Root Pty Ltd (KBR) and the National Offshore Petroleum Safety Authority.

 

 

 

$400 million development opens in Perth CBD, Hay Street Mall Perth CBD

Thursday 20 August

The CBD landscape is about to change with the opening of the City's newest retail development enex 100.

Creating a stylish thoroughfare between St Georges Terrace and the Hay Street Mall the first stage will see 26 new stores flinging open their doors including Western Australia's first stand alone Napoleon Perdis concept store, Calvin Klein Jeans and Marcs. There will also be the arrival of the City's first stand alone Calibre store - this year celebrating 20 years of Australian's men's style.

City shoppers will also have increased culinary options with the opening of the new enex Food Podium which has been designed to deliver a new range of food experiences to City diners.

This includes the integration of site specific art works in the podium created by Melbourne Artist Brett Coehlo and Perth Artist Eve Young delivering a new, fresh food environment designed to attract the City's more discerning gourmet set.

In development since 2006 this is the first stage launch of this $400 million retail precinct that is set to deliver a dynamic, engaging and different CBD shopping experience based around contemporary retailing trends.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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