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The Star

Thursday April 21 2016

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Business

‘Melbournesque’ Bush Inn planned Specialty stores and unique retailers part of redevelopment „„ By Emma-Jane McLennan A MAJOR redevelopment of the Bush Inn Centre will see it become a “Melbournesque” mix of speciality food stores, boutique offerings and eateries. The centre has been “absolutely pumping” and it is time to change with the new customer demographic, property and development manager Andy Bell said. “We’re really attracting young professionals and families, so it’s time to create a very contemporary centre and build on the food offering we already have.” The shopping centre is set to be redeveloped by mid-next year, with an added 3000 sq m of shopping space and a covered walkover, Mr Bell said. “We’re looking at speciality stores, with a deli, craft beers, leather goods, cosmetics – real specialist independent retailers, not your bog-standard mall.”

BIG PLANS: Property and development manager Andy Bell said it is time for a change with new customer demographic. Below: An artist’s impression of the redevelopment. PHOTO: GEOFF SLOAN

Mr Bell said the centre is looking to add 30 new retailers to its current stable of more than 60: ‘We’re actively looking for really unique retailers to join us.” The change is led by the addition of new eateries, such as Carl’s Jr. and the New York Deli, which are attracting a new demographic, Mr Bell said. “The recent addition of a whole raft of new restaurants is giving us a real fresh food line-up and it’s changing how we operate.” The new 3000 sq m Bush Inn building, with Riccarton Rd frontage, is set to be joined to the current mall with covered

pedestrian and vehicle access. It should also help clear up any current car parking issues by encouraging customers to use the underground parks, Mr Bell said. “The underground park is definitely not as utilised as it

could be. We’re looking at the whole mall – stores, signage, parking, everything.” The shopping centre is set to stay open while it is redeveloped, with “absolutely no” disruption to tenants or customers, Mr Bell said.

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In Brief BUSINESSMAN DIES Leading businessman Robert Neru has died suddenly, age 46. The former St Bede’s College student was the chief executive of the Pacific Business Trust. The role at the not-for-profit organisation saw him work with many Pacific businesses and business people within New Zealand, focusing on economic growth. PART OF BNZ CENTRE OPEN Stage 1 of the BNZ Centre by developer Nick Hunt has been officially opened. It is 80 per cent tenanted, with more office tenants needed. Mr Hunt said he didn’t want to lease everything at once “but we are hoping for more.” Stage 2 and 3 of the $140 million development is set to be finished by Christmas. STRONG DEMAND FOR TEGEL Tegel Food Ltd, which operates out of Carmen Rd, is reporting strong demand for its shares as it heads for its initial public offering. But experts are warning investors to be careful – saying Tegel’s push into new international markets, including the Philippines, Japan, South Korea and the Middle East, may not bring the profitability it is expecting. It is planning to raise between $299 million and $344 million, bringing it a value of up to $636 million.

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The Star 21-04-16  

The Star 21-04-16