ABC business editor Ian Verrender writes “with zero and negative rates, the time value of money no longer applies. The trade-off between risk and reward becomes obsolete. Speculation takes over from investment. This view is supported by Philip Lower – Reserve Bank Governor, recently stating “historically they (investors) want to be compensated for taking on risk…. at the moment though, despite the uncertainty, credit spreads are low…”
Construction has commenced on the conversion of the former Masters home improvement site at 752 Stafford Road, Everton Park. DMA Partners has been appointed as Project Manager for the refurbishment and conversion of the 13,500m2 site which will be transformed into six large format retail tenancies.
Construction work will commence this Spring on Yamanto Central shopping centre, stage 1 of the 22.5ha Yamanto Centre master plan – a next generation community hub situated in one of Australia’s fastest growing regions.
Southwest Medical Precinct is multi-level integrated health and medical facility located in Meadowbrook, 200m from Logan Hospital, servicing a rapidly expanding region. Ewen Burg, Senior Leasing Executive is now taking expressions of interest.
Before you start your project, do you have a development strategy?
As retail assets progress through various stages of the shopping centre life cycle, it is important to evaluate centre performance, competition, trade area, along with broader economic and market conditions. A repositioning strategy may be required to guide the scope of revitalising the asset.
In the competitive CBD market, hotels and apartments are constantly working to improve their facilities and service offerings to maintain their share of the corporate and leisure travel markets. DMA Partners recently acted as Project Manager for the pool and deck upgrade at The Ridge Apartment Hotel.
Design of the new $150 million theatre at the Queensland Performing Arts Centre (QPAC) is now well underway. DMA Partners to project manage the first stage and assist with the Heritage and Ministerial Delegation process.
As a result of continued growth, DMA Partners is excited to welcome two new team members further enhancing our specialist skill set to cater to our clients evolving needs. Senior Project Manager, Cameron Hubbard, joins our Project Management division with a focus on the pipeline of redevelopment and refurbishment works at Indooroopilly Shopping Centre. To start the second half of 2019, we also introduce development marketing services to our clients, as Jaimie Sutton commences as DMA Partners Marketing Manager.
DMA Partners is proud to have been appointed the Project Manager to manage the delivery of the latest refurbishment plans on behalf of Indooroopilly Shopping Centre. Most recently we successfully completed the refurbishment of their fresh food precinct.
With the new Yamanto Central shopping mall in the Queensland city of Ipswich looking to offer a new type of retail environment, Rackley Swimming will be operating a learn-to-swim facility in the new-build shopping centre.
Rackley Swimming General Manager, Jay Clarke sees that the facility will further showcase Rackley’s dedication to providing a family-friendly, enriching service, with one convenient location – adjacent to other complimentary, consumer-centric retail.”
DMA Partners is working with Indooroopilly Shopping Centre management to deliver discount supermarket giant Aldi as the centre’s newest major tenant.
DMA was appointed as Project Manager and Superintendent and has worked with the team since project inception and alongside lease negotiations with Aldi.
Despite the doom and gloom preached by commentators, the disruption facing the retail industry is providing opportunities for landlords to reposition their assets and find new consumer markets.
While traditional bricks-and-mortar retailers and major department stores have struggled with falling sales, growth in the food and beverage and entertainment markets points to the potential to reinvent retail experiences, particularly in neighbourhood centres.
This month we celebrate Matt Cummins’ one-year anniversary at DMA Partners.
Matthew Cummins now heads our development advisory and management services team and brings over 25 years of experience in the property industry to DMA Partners, having worked across the retail, commercial and residential sectors and delivering significant mixed-use projects.
DMA Partners is excited to be leading and advising project feasibility, structuring and delivery of the second phase of the $1 billion master planned development, Park Central, located in Buranda in the Brisbane City Council designated ‘Knowledge Corridor’.
Integrated with major transport links and within walking distance of Brisbane’s premier health and life sciences research facilities, Park Central brings together a vibrant retail town square, residential and serviced accommodation, commercial offices, medical and education facilities.
DMA Partners has recently added two new members to an increasingly experienced and knowledgeable team, ensuring that the company stays innovative and challenges its thinking.