Lease Equity to Manage Fully Leased Secret Harbour

Nov 8th, 2005

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Specialist retail leasing and management company Lease Equity, has been appointed as property managers after fully leasing the Secret Harbour Shopping Centre.

The centre is set to become an integral part of the Secret Harbour community and will provide a vital service to the residents of Secret Harbour and surrounding areas.

The centre was 100% leased by Lease Equity in October of this year, which has resulted in an ideal tenancy mix complimenting the Woolworths Supermarket. Lease Equity Leasing Executive Adam Musbah said “The centre has been well received by retailers on both a local and national level. We targeted a number of tenants that would compliment Woolworths and were very successful in achieving this.”

In addition to the Woolworths Supermarket, the 18 specialty shops include Brumby’s Bakery, Australia Post, Chicken Treat, and national coffee chain Jamaica Blue, not typical for centres of this size. “This has resulted in a tenancy mix like no other” Mr Musbah continued.

“Our project leasing and management expertise has added enormous value to this project” added Lease Equity Managing Director Jim Tsagalis. “We are proceeding to build another 500 square metres to service the requirement of retailers wanting to join the centre. This is a fantastic outcome for this 6,000 square metre shopping centre, which will continue to grow with the catchment.”

The addition of the Secret Harbour Shopping Centre to Lease Equity’s rapidly growing management portfolio takes the total number of centres managed by the company to 17. The appointment further strengthens the company’s presence in the booming Perth southern corridor on the back of their recent appointment to manage and lease the Warnbro Fair Shopping Centre.

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