Docstoc

Harvey World Travel (PDF)

Document Sample
Harvey World Travel (PDF) Powered By Docstoc
					  PRESS RELEASE

FOR IMMEDIATE RELEASE: 30 August 2011

Contact:
Contact:
Kathryn House
Communications Manager
61 2 9333 3585

                     elocates
Harvey World Travel relocates flagship Melbourne store

Melbourne, 30 August, 2011 - The CBRE Retail Services team of Max Cookes and Zelman
Ainsworth has successfully relocated the listed international travel agency Harvey World
Travel's Melbourne CBD flagship store to 379 Collins Street.

Mr Cookes confirmed that interest in quality Collins Street retail properties continued to be
strong.

“This corner retail opportunity was sought after by a number of retailers,” Mr Cookes said.

“We were very pleased to proceed with Harvey World Travel based on the strength of the
organisation, with the business comprising over 440 retail locations around
the world.”

Mr Cookes said the 163sqm corner shop had over 20 metres of frontage to both Collins
Street and Queen Street – which was ideal for retailers seeking a flagship location. As with
most Harvey World Travel stores, the Collins Street outlet will include an internal Travel Ex
offering.

Mr Ainsworth said the five-year lease deal demonstrated the strength of the non core retail
market in the Melbourne CBD given that the subject property was located outside the retail
core where major retailers would traditionally establish a flagship presence.

“Harvey World Travel was confident the strength of the non core retail market would give
their brand the necessary presence in the Melbourne CBD, hence their decision to lease
379 Collins Street,” Mr Ainsworth said.

Mr Cookes said the CBRE Retail Services team had successfully concluded leasing deals
with a number of other major international and national retailers within the highly sought
after non core retail market in the Melbourne CBD. These deals included leases to UK
based luxury fashion retailer Thomas Pink, Switzerland based luxury watch maker Tag
Heuer, Australian chocolatier Haigh's and Sydney based hairdresser Blow Dry Bar.

A number of restaurateurs, including Guy Grossi's Merchant, Movida's latest restaurant
Movida Aqui and Paul Mathis' latest Italian concept have also established a presence in
non core locations.

“Melbourne’s secondary retail market has shown unprecedented growth over the past 18
months, as major retailers and restaurateurs have identified the opportunity to activate the
retail spaces at the foot of major office towers throughout the CBD,” Mr Cookes said.
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in
Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue).
The Company has approximately 31,000 employees (excluding affiliates), and serves real estate
owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB
Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services;
property, facilities and project management; mortgage banking; appraisal and valuation;
development services; investment management; and research and consulting. Please visit our Web
site at www.cbre.com.au

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:3
posted:1/4/2012
language:Latin
pages:2