Brisbane, 09 June 2016 –Outdoor clothing specialty retailer Mountain Designs is the latest brand to open its doors in Brisbane’s burgeoning Edward Street retail hub.
The retailer has subleased a 125sqm shopfront at 188 Edward Street to accommodate its new CBD premises.
The short-term sublease is in place until May 2017, when the Edward Street property is set to be redeveloped.
CBRE’s Daniel Fenech, who negotiated the sublease, said the deal was evidence of the strong demand for retailers to secure a presence on the popular shopping strip.
“This property represented an outstanding opportunity for Mountain Designs to gain a footprint in one of the city’s most frequented shopping destinations,” Mr Fenech.
CBRE’s Mitchell Stewart said the deal represented a unique opportunity in the Brisbane market.
“Transactions in the Brisbane CBD retail sublease market are rare - and even more so in the Edward Street luxury precinct,” Mr Stewart explained.
Mountain Designs CEO Caroline Machado Campos said the company was delighted with the store’s new location and proximity to other premium quality brands.
“Edward Street provides a wonderful opportunity for us to showcase the innovation, style and quality that our brand produces and is heavily featured in our new 2016 winter range,” Ms Campos said.
“With exclusive, innovative apparel such as Corespun Merino, technical Dri-Release Cashmere and the truly amazing Seawool, made using recycled oyster shells, our brand will fit nicely into a shopping precinct where customers appreciate quality.”
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About CBRE Group, Inc.
CBRE 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 and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE 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 website at www.cbre.com.