WESTERN Sydney developer Revelop has hit the ground running following its acquisition of Newton Village shopping centre, securing 10 new tenants since taking over the neighbourhood centre.
Popular fruit, veg and gourmet food store Tony & Mark’s will open at the centre later this year, while CBD eatery The Messy Tomato will open a second store at Newton as part of a centre-wide upgrade.
In addition to the 10 new tenants and lease renewals with several existing tenants, Revelop plans to invest more than $10 million in a centre upgrade, including a proposal to build a childcare centre on the rooftop car park.
The plans have been submitted to the local Campbell-town council, and subject to council approval, the 96-place centre is expected to open by the middle of next year. Other retailers secured at the centre include butcher Taste Quality Meats and national hairdresser and barber Moe & Co.
Revelop director Charbel Hazzouri said that while the coronavirus pandemic had prevented the new owners from visiting Adelaide in recent weeks, direct negotiations with incoming tenants had proven a success.
“We’re very persistent — a lot of tenants, when dealing direct with the owner, they’re more open because there isn’t that middle person,” he said.
“We managed to secure Tony & Mark’s, which is a real drawcard, and has been the catalyst to bring in other tenants.
“At Renmark, foot traffic has tripled since we bought it and we expect the same to happen with this one.”
Tony & Mark’s will open its Piccolo concept store later this year, including its fruit & veg, deli and bakery offering, across 600sq m of retail space. A small number of vacancies remain in the centre, ranging in size from 40sq m to 100sq m.