Page 8 - November 2021

inter
international
national

PACIFIC FAIR ACQUIRED IN AUSTRALIA’S
LARGEST RETAIL TRANSACTION

Cbus Property. UniSuper and AMP Capital have acquired
ownership of the Gold Coast’s 400-store mega-centre in
a whopping $2.2bn investment, making it the largest retail
transaction in Australian history. Furthermore, the trio
have acquired a 50 per cent stake in the Macquaire Centre
in Sydney.
“We are delighted to be working with UniSuper and
Cbus Property as manager of these incredible assets. Since
2012, AMP Capital has overseen the redevelopment of the
assets on behalf of investors to enhance the retail offering
and trade area dominance of Pacific Fair and Macquarie
Centre,” Kylie O’Connor, Head of Real Estate, AMP
Capital, said.
UniSuper’s head of property and infrastructure, Kent
Robbins, said: “We anticipate an increase in returns from
certain shopping centres as retailers seek exposure to
dominant shopping centres, such as Macquarie Centre and
Pacific Fair, to leverage their omni-channel retail plans.”

THE MARC O’POLO BRAND IS SET TO FURTHER EXPAND ITS GLOBAL PRESENCE BY LAUNCHING ITS ONLINE SHOP IN AN ADDITIONAL 18 COUNTRIES. IN A STATEMENT, THE
FASHION RETAILER SAID IT IS PARTICULARLY LOOKING TO FURTHER DEVELOP ITS EUROPEAN BUSINESS AS WELL AS FOCUS ON NEW MARKETS SUCH AS THE US AND UK.
MAXIMILIAN BÖCK, CHIEF EXECUTIVE OF MARC O’POLO, EXPLAINED: “WITH OUR APPROACH, WHICH WILL INITIALLY FOCUS ON DIGITAL SALES CHANNELS, WE WILL FURTHER
STRENGTHEN OUR PROFILE AS AN INTERNATIONAL BRAND AND MAKE OUR COLLECTIONS ACCESSIBLE TO MAN NEW CUSTOMER GROUPS FOR THE FIRST TIME.”

PELOTON LAUNCHES DECATHLON MOUNTAIN
IN WESTFIELD STORE TO OPEN

Fitness brand Peloton is launching its first Australian showroom later The sports specialist will open its first Decathlon Mountain
this week, and will partner with department store David Jones to store in Switzerland on 1 December, also opening a ski area in
boost its bricks-and-mortar presence. Switzerland for the first time, diversifying its development.
Peloton’s first showroom opened in Westfield Bondi Junction, and The new 350sq m store will sit in the centre of the village of
will soon be followed by a standalone showroom on Sydney’s Martin Zermatt and will offer Decathlon’s entire product range. With
Place. The first Peloton installation in the country, however, launched further plans already in place to roll out the concept should it
in David Jones’ Elizabeth Street store, with two more to launch in be successful, this location in Zermatt will act as a pilot for the
David Jones’ Bourke Street and Chadstone stores. company to develop a franchise concept that is perfectly suited
“Our new physical footprint illustrates our commitment to to mountain towns and villages. Decathlon intends to open
Australia and our members, locally and abroad,” said Peloton around 15 of these Mountain stores in family destinations and
Australia’s Country Manager Karen Lawson. internationally known holiday resorts.
David Jones’ General Manager of Menswear, Childrenswear and Further plans are already in place to meet the demands
Home Chris Wilson said: “By setting up installations in three of our and needs of customers within the mountains. For example,
major flagship stores with dedicated experts to provide advice, we Decathlon is planning an omni-channel strategy that will see
have been able to create an engaging experience for our customers customers able to utilise a Click and Collect service where they
emabling them to immerse themselves into the first-class Peloton can order from the entire range online and pick up in store at the
brand experience.” earliest available opportunity.

08 RETAIL & LEISURE INTERNATIONAL NOVEMBER 2021