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

2nd-Far East Consortium700,000,000
3rd-Finbar Group563,900,000
4th-Sirona Capital410,000,000
5th-Edge Visionary Living360,000,000
68 property - (built-form) developers ranked by total value of WA projects currently under construction ($)

Ranked by size of total area under management

22nd-Perdaman Industries17,385
24th-Sirona Capital4,657
25th-Perth Central Holdings9,800
26th-Hardie Finance Corporation9,000
44 shopping centre owners ranked by size of total area in m2

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