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Latest News
May 2019

Large Format Retail

In-store purchases continue to dominate in Australian retail segments, underscoring the continued relevance and role of the bricks-and-mortar storefront.

Consumer spending has continued to increase as shoppers seek a tailored experience around their individual preferences. These preferences may include such things as pay in-store, ship to home or buy online/in-app/by phone and pick up in store.

Large format retail (LFR) is growing in popularity as it encourages destination shopping providing easy access to retailers at one location with good parking facilities.  The parking and access of LFR centres also make it ideal for online ordering and in store pick up. Typically homeware, furniture and bedding industries have accounted for the bulk of demand for LFR centres, however the tenancy mix has become more diversified in recent years. Restaurants, supermarkets, fresh produce, children play centres and gyms are some of the alternative tenants that have been attracted by lower costs to LFR centres.

The large format retail sector recorded positive rental conditions over the past 12 months in Sydney, Brisbane and Adelaide, whilst Melbourne and Perth remained stable.

Edenlife gets underway

Construction of Lester Groups' Edenlife, a lifestyle community for over 50s, has commenced. The Hon. Mick Murray Minister for Seniors and Ageing officially turned the soil earlier this month to launch construction of this $47 million development for Australind. Other dignitaries at the event included; Robin Clarke, MLA Member for Murray-Wellington, Edenlife CEO Bill Marshall and Elizabeth Gargaro, the first Edenlife resident to secure a site within Stage 1.

Edenlife offers secure independent living and reduces the social isolation of residents by focusing on community engagement and participation. The structure of Edenlife is such that there are no exit fees, no government fees and residents have access to Commonwealth Rental Assistance, all of which underpins affordability for residents.

When complete, Edenlife will have 186 homes and an estimated 300 new community members.

For more information visit www.edenlife.com.au

Expressions of Interest

An exciting new investment opportunity is in the wings and we expect a quick uptake by investors. Key investment highlights include;
  • 8.0% average annual cash return;
  • 2 year rent guarantee from vendor;
  • 8 years average lease term (WALE);
  • 10 year investment term.
By registering your interest now you go on our preferred investor list.  This will ensure that you will receive forward notice this new investment opportunity and will have the ability, without any obligation,  to participate before it is released to the wider market

Click here to register

Important Note: This is not an offer or invitation to invest. It is not intended to, nor does it contain any recommendation or opinion in relation to the issue of units in a property syndicate. Investors should read the Information Memorandum and obtain their own independent professional advice before making any financial decisions in relation to the issue of units in a property syndicate.

Copyright © 2019 Lester Group, All rights reserved.