Big Box Retail

A syndicate has paid $28.55 million for an unbuilt Bunnings while another warehouse under construction has hit the market amid growing demand for the hotly-contested investments.

Private investors and major property players are increasingly targeting Bunnings properties, as the hardware retailer’s strong performance during the coronavirus pandemic cements its investment appeal.

A Bunnings that’s about to open its doors has hit the market amid hot buyer demand for the popular investments, in a rare opportunity to buy one of the warehouses for less than $25 million.

Investors are targeting ‘big box’ retail centres as Australians spruce up their homes during the coronavirus pandemic and housing boom.

Property investment manager Newmark Capital is on the hunt for more large format retail assets after snapping up its sixth Bunnings Warehouse for $75 million.

Private investors priced out of bigger Bunnings Warehouse deals are chasing a rare opportunity to secure one of the popular investments – and at a more affordable price point.

Retail landlord Aventus has defied the gloom in the shopping centre sector as customers go on a spree in its large format centres to spruce up their homes.

The popular Bunnings chain is set to add an epic new store to its network, and it will be one state’s first three-storey hardware shop.

The property sector is proving a profitable ground for potential listings of new companies on the ASX, with Newmark Capital the latest to weigh up a move as it readies a potential listing of its $300 million hardware trust.