Fashionable Forrest Chase

Jun 4th, 2006

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Forrest Chase, the heart of the Perth retail shopping district, continues to attract national and international branded fashion outlets.

The recent sale of Myer has been positively received by fashion tenants who are quickly committing to the fashion destination within the Perth CBD.

Lease Equity Managing Director Jim Tsagalis said, “We are about to open a number of flagship outlets including international kids-wear retailer Pumpkin Patch and Urban Angel catering to the kids and teens fashion market. The Centre has also recently introduced Sunglass Hut, Fresh Salad Bars, Edo Shiki and Novo Shoes to its tenancy mix.”

In addition, Optical Superstore has taken a site on the first floor and Fletcher Jones are about to relocate within the complex and launch its latest concept in Western Australia.

“We have reviewed the tenancy mix at the Centre and have realigned it with its fashion roots” Mr Tsagalis said.

“The customer’s expectations are that tenancies adjacent to the Myer department store will purvey the latest fashion and therefore we have concentrated on delivering an appropriate tenancy mix. The profile of Forrest Chase has always been as Perth’s CBD fashion destination.” Mr Tsagalis concluded. We believe the enhanced tenancy mix will continue to strengthen this profile.

ISPT, the owner of Forrest Chase, is also undertaking the development of Century City, located on the site formally housing Toys R Us. Mr Tsagalis is also the Leasing Agent for this project and confirmed that a number of key retailers had already been committed to the site, although declined to name them. He did however confirm that a number of the tenants that had been secured were not yet in the Perth retail scene.

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