Tag: Racquet Club

  • QIC Opens 6,842-Square-Metre Racquet Club at Robina Town Centre

    QIC Opens 6,842-Square-Metre Racquet Club at Robina Town Centre

    QIC Real Estate opened a 6,842-square-metre Racquet Club venue at Robina Town Centre on the Gold Coast in September 2026, adding 13 courts to the shopping complex.

    Built outdoors, the project features seven padel courts, six pickleball courts, athlete recovery facilities and a clubhouse food and beverage venue.

    Landlords pivot to social sports

    The project gives major retail space to racquet sports over traditional specialty stores or standard entertainment anchors. Sally Harding, head of alternative income at QIC, noted the shift in asset management: “Some of the most exciting opportunities in our portfolio come from looking at land in new ways; not just where the next store goes but how we create places that get people active and connected.”

    Retail landlords across Asia-Pacific face structural shifts in department store footprints and apparel tenancies. Turning outdoor land and rooftops into sports hubs drives footfall during weekday evenings and weekend mornings. Conventional mall traffic softens during those periods. The risk lies in operational intensity: leisure operators need steady community engagement to justify square footage that produces lower base rent per square metre than luxury or specialty retail tenancies.

    Alternative income and regional footprint

    Founded in Sydney in 2023, Racquet Club previously built permanent facilities in Sydney and Canberra alongside temporary pop-ups. The Gold Coast venue serves as the company’s third permanent Australian location and its second-largest site to date.

    Robina Town Centre celebrated its 30th anniversary in April 2026. That milestone followed a 2024 institutional marketing partnership between QIC, the Australian Sports Commission and the Australian Institute of Sport to lift on-site sports participation.

    Clubhouse launch schedule

    Court bookings at the Robina venue are active now. The adjoining clubhouse food and beverage operation opens before the end of September 2026.

  • Bonia to close more stores

    Bonia to close more stores

    Malaysian fashion retailer Bonia will close more of its loss-making outlets next year.

    But despite weak earnings, the boutique brand known for its leather goods and footwear plans to increase its advertising and promotional spending.

    Pretax profit fell nearly RM26.7 million (US$6 million) for its latest financial to June 30 to RM45.93 million. Bonia cites the slowing economy in Malaysia and Singapore as the core reason.

    About 10 Bonia outlets have been closed internationally this year, and group MD Albert Chiang says the group is undertaking “prudent measures” and being selective about store openings.

    Bonia owns the Bonia, Carlo Rimo and Sembonia brands and has a presence in Cambodia, Indonesia, Malaysia, Myanmar, Singapore and Vietnam.

    The group also owns distribution rights to Braun Buffel, Jeep, Pierre Cardin, Santa Barbara Polo and Racquet Club.