Toni & Guy move signals trend in Subiaco Retail

May 11th, 2011

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The property has striking full height glass frontages and commands a significant presence on the corner of Hay and Townsend Streets.
“We are thrilled to have secured this high profile location in what is one of Subiaco’s newest and most striking buildings.” Mrs Tracey Laing, Subiaco Salon Director and 2009 Hairdresser of the Year said.

“Apart from the ongoing affordability issue on Rokeby Road, we viewed this as a fantastic opportunity to relocate our successful business into the fastest growing part of Subiaco’s commercial and retail precinct.” she added.

Melissa Turton of Lease Equity, whom negotiated the Lease with Toni & Guy said it’s testimony to the strength of this precinct, the impressive design and location of the building, and indeed, Toni & Guy’s prominence, that have lead to them relocating to this location.  The surrounding area is rapidly gaining popularity as a premier showroom and retail precinct with a number of high profile businesses, including Beacon Lighting and Bose opening in the area.  We are fielding strong enquiries from high profile businesses for the remaining two opportunities in the building, including several from the Rokeby Road precinct.

“Rokeby Road remains the premier pure retailing strip with benchmark rents now set at between $1,000 and $1,100 per square metre.”  Miss Turton believes this trend will continue, “however, some retailers will seek the opportunity to take other locations, such as Hay Street East and Churchill Avenue.” she said.
International fashion retailer French Connection has added weight to Miss Turton’s assessment, having quickly secured the location vacated by Toni & Guy on Rokeby Road.  “We have a number of national and international retailers in the Subiaco retail strip, just waiting for the right location.”.

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