Sirona swoops on Margaret River shops

Sirona Capital has added the Margaret River Shopping Centre to its retail portfolio, buying the centre via syndicate for an undisclosed sum.


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Margaret River
Woolworths' Margaret River shopping centre has 16 specialty tenancies ... not retailers ! Only 3 are occupied ... 2 retailers and a hair dresser. The market for commercial floor space in Margaret River is flooded with more coming on stream in the next 6 months. The chance of those vacant tenancies being taken up in the near future is NIL. The Woolworths' supermarket is not popular ... the shopping experience has been described as lonely with concerns about personal security. The development of the centre was foolhardy in nearly doubling the supermarket floor space in town with only a low population growth rate after the severe curtailment of the boom times by the GFC. IGA supermarket retains significant loyalty in the face of competition from Coles and Woolworths. Woolworths are simply offloading their bad decision of 2012 onto investors lured to the hype of " Woolworths " and " Margaret River ". Check the place out before committing your hard earned money to this property.

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Total combined value of current WA projects

1st-Far East Consortium700,000,000
2nd-Finbar Group563,900,000
3rd-Sirona Capital410,000,000
4th-Edge Visionary Living360,000,000
70 property - (built-form) developers ranked by total value of WA projects currently under construction ($)

Ranked by size of total area under management

21st-Perdaman Industries11,655
23rd-Sirona Capital10,387
24th-Perth Central Holdings9,800
25th-Hardie Finance Corporation9,000
45 shopping centre owners ranked by size of total area in m2

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Property - (Built-form) Developers

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