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Tag: Sydney

  • Sweden’s H&M opens doors in Sydney

    Sweden’s H&M opens doors in Sydney

    An artist’s impression of the H&M store in Pitt Street Mall’s Glasshouse building.

    The opening of Swedish fast fashion giant H&M Australia’s store this weekend in Sydney’s Pitt Street Mall will boost revenue for city retail landlords, agents says.

    It follows Forever 21, Zara and Uniqlo onto the strip. They were the first major international brands to put the area on the global map.

    CBRE said that with openings or leases secured on more than 30 new stores, the pace of first-time international brand entrants and expansion in Australia continued unabated.

    This compares with more than 35 new openings and lease deals for 2014, CBRE’s third-quarter 2015 Retail MarketView​ shows.

    CBRE’s senior research manager, Danny Lee, said Sydney and Melbourne had had the highest activity in 2015, followed by Brisbane and Perth.

    “Foreign brand penetration in Australia is fairly low in comparison to other countries at 28 per cent, which is a key attraction for these offshore retailers,” Mr Lee said.

    “It would take an additional 50 brands to enter the market to reach the same level as some Asian countries, such as Singapore and Hong Kong, with 90 more required to reach the UK’s level of 57 per cent.”

    CBRE’s head of retail tenant representation Australia, Tim Starling, said the low penetration rate in Australia served to minimise competition between foreign brands.

    “Other key attractions for foreign retailers include the fact that Australia is one of the highest-consuming developed nations, with consumption per capita growing at twice the rate of the US between 2008 and 2014,” Mr Starling said.

    CBRE’s head of retail brokerage leasing Australia, Leif Olson, said the impact on the market would also mean that super prime rents would grow by a forecast 4 per cent per annum over the next three years

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  • Sydney hosts Indonesia AirAsia X

    Sydney hosts Indonesia AirAsia X

    Sydney Airport has welcomed low-cost carrier Indonesia AirAsia X for the first time, as the airline launched its five-weekly Sydney-Bali (Denpasar) service.

    “We’re pleased to welcome Indonesia AirAsia X to Sydney, providing more choice for Sydneysiders travelling to Bali, as well as greater connectivity to Indonesian and Asian destinations from the airline’s Bali hub,” Sydney Airport managing director and chief executive officer Kerrie Mather said.

    “We’re thrilled that Sydney Airport is now the world’s leading low-cost long-haul airport, with five international low-cost long-haul carriers.”

    Bali is Australia’s largest outbound leisure market. Around 416,000 Australians travelled from Sydney to Indonesia in the 12 months to July 2015, an increase of eight per cent on the prior corresponding period.

    “More than 555,000 passengers travelled between Sydney and Indonesia in the past year, and this new service will significantly increase capacity to one of Sydney’s favourite travel destinations in time for the summer holidays,” Ms Mather said.

    Indonesia AirAsia X CEO Dendy Kurniawan, who touched down in Sydney on the inaugural flight, operated by an A330-300 aircraft, said that Australia is an important market to Indonesia AirAsia X and the airline is committed to further strengthening its presence in Australia.

    “We are delighted to serve direct flights between Bali and Sydney, providing Sydneysiders the opportunity to explore Bali and beyond at affordable fares. From Bali, our guests can fly onwards to many exotic destinations within Indonesia such as Jakarta, Bandung, Surabaya and Yogykarta,” Mr Kurniawan said.

    Indonesia AirAsia X is the fourth airline servicing the Sydney-Bali route

  • Qantas adds more flight to Sydney from Hong Kong

    Qantas adds more flight to Sydney from Hong Kong

    Qantas will add more flights between Hong Kong and Sydney, Australia as a result of increasing demand from travellers.

    From 26 October 2015*, Qantas will operate an additional four Hong Kong-Sydney services each week, on top of the current daily services available to Sydney, Melbourne and Brisbane.

    Qantas International CEO Gareth Evans said the airline was pleased to offer customers more choice from Hong Kong, on a route that is experiencing strong demand from customers.

    “Customers travelling from Hong Kong will have the choice of double daily flights to Sydney on peak days of the week for business travel and we’ll look at expanding beyond that if the opportunity is available,” said Mr Evans.

    The four new Hong Kong-Sydney services will be operated by Qantas’ refurbished A330 aircraft with lie-flat seats in Business and new Economy seats, the first time customers travelling on this route will experience the airline’s latest international product.^

    The new services have been made possible by Qantas’ continued focus on more efficient use of aircraft across its fleet. It coincides with the airline also today announcing an increase in services from Manila to Sydney from four to five per week between early December 2015 and late March 2016 and follows an additional 140 international services recently announced to operate to Australia from Singapore, Jakarta and New Zealand over the upcoming summer holiday season.

    “We’re pleased to add to the seasonal services we’re set to operate from Asia later this year, with the new services again representing the dynamic nature of our network, which has the flexibility to offer our customers more flights during peak seasons,” said Mr Evans.

    With the new services, Qantas will operate 25 services per week from Hong Kong to Australia, in addition to daily services which operate from Shanghai to Australia. From 21 January to 16 February, Qantas will upgrade its B747 services to daily A380 services between Sydney and Hong Kong. 

    Schedule*

    Flight

    Dep

    Arr

    Days of week

    Aircraft

    QF118 HKG-SYD

    2135

    1000+1

    Monday, Tuesday, Wednesday, Thursday

    A330

    QF117 SYD-HKG

    1315

    1940

    Monday, Wednesday, Thursday

    A330

    1340

    2005

    Tuesday

    A330

     

    * Flights subject to regulatory approval.

    ^ All aircraft subject to change for operational requirements.

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  • Uniqlo opens main Australian retailer

    Uniqlo opens main Australian retailer

    Uniqlo has opened its latest Australian retailer – within the Sydney suburb of Parramatta, regionally generally known as the town’s “second CBD”.

    The brand new 1090sqm retailer anchors the Westfield Parramatta purchasing centre.

    The store is Uniqlo’s third retailer in Sydney and its fifth in Australia, a promote it entered final yr.

    “We’re excited to open the doorways to Uniqlo Parramatta, and to be sharing our merchandise with native consumers,” stated Uniqlo Australia CEO Shoichi Miyasaka.

    “We’re devoted to creating our merchandise extra accessible to all Australians, and our latest retailer opening is a show of our dedication to the native suburban Australian market.”

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  • Microsoft to open flagship Pitt Street Mall store in Sydney

    Microsoft to open flagship Pitt Street Mall store in Sydney

    Pitt Street Mall in Sydney has morphed into the playground of the rich and famous, with Microsoft, founded by Bill Gates, said to be the latest international name to have signed up a flagship store along the strip.

    In the most recent Main Streets Around the World survey by Cushman & Wakefield, Pitt Street Mall was named the fifth most expensive strip in terms of rent, and only sits behind New York’s Upper Fifth Avenue, London’s Bond Street and Hong Kong’s Causeway Bay. The average rent is about AUD10,000 (USD7787) per square metre, per annum.

    It is said the computer giant’s first major site in the country will be where the Guess was and could even spill over to the next-door space which was, until recently, leased by Cue. If the two stores are leased the site will total about 650 square metres over two levels.

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