The new-look destination for fashion, food and lifestyle
An inspired rejuvenation has transformed an underperforming sub-regional retail centre into a thriving hub of fashion, food and lifestyle.
RetPro, a dynamic team of retail property professionals led by founder and managing director Graham Terry, has successfully given MYER Centrepoint Albury a new lease on life.
Anchored by MYER and Woolworths, the centre has become the premium shopping destination in the Albury-Wodonga region and now boasts more than 50 specialty stores, including high-calibre city brands.
The successful leasing strategy devised by RetPro was designed to entice corporate investment in the region. RetPro worked with Centre owner, Pacific Group, to elevate their vision and introduce new, premium retail brands into the centre. The outcome; significant uplift in the Centre’s tenancy mix making MYER Centrepoint the leading fashion centre in Albury.
Armed with strong relationships with key retailers, RetPro’s experienced leasing team worked tirelessly in the past two years to remix new brands into the centre. The introduction of multiple key tenants has resulted in a significant uplift in retail sales for the Centre.
Using their expertise in shopping centre management, retail leasing and retail advisory, they lifted the centre’s retail offering and reduced vacancy rates.
Shoppers now have access to multiple premium apparel brands, including Sportscraft, Universal Store, Peter Alexander and Seed. In addition to positive growth in both retail sales and customer foot traffic, the RetPro centre management team have received positive feedback from shoppers who have been impressed by the improved tenancy mix, which is one of the best in a regional area.
Refurbishments throughout the centre have also been noticed, including the work on the toilets and parents rooms, signage, mall furniture and landscaping.
The RetPro team also managed the refreshing of multiple back-of-house areas including the loading bays, service areas and public bathrooms.
Committing to a new longer-term lease and celebrating its 40th anniversary, MYER has upgraded its store with a new fit-out, including improving the change rooms and customer amenities plus
installing new lighting, flooring and fixtures.
The modern and fresh layout showcases its brands and demonstrates its ongoing commitment to shoppers and the local community.
MYER Centrepoint Albury will continue to improve in all areas, including the food court which now features new operators such as Sushia, Boost Juice and Sharetea. The centre is a long-term contract for RetPro, which manages numerous shopping outlets in Australia.
