Home Consortium appoints CBRE to find mall tenants for former Masters sites

Home Consortium will open malls in the former Masters sites in Butler, Joondalup and Ellenbrook. Picture: Matt Jelonek d472903
Home Consortium will open malls in the former Masters sites in Butler, Joondalup and Ellenbrook. Picture: Matt Jelonek d472903

HOME Consortium plans to open centres in former Masters stores in Butler and Joondalup in late 2018 or early 2019.

The company acquired the former hardware company and its 61 sites nationally in early 2016 and this month appointed CBRE to secure tenants for the Joondalup, Butler and Ellenbrook sites.

According to a July 25 statement from the real estate firm, each centre will focus on services and entertainment brands and a spokeswoman said confirmed tenants included Amart Furniture, Anaconda and Goodlife.

Director Richard Cash said Home Consortium centres had been well-received by consumers in other states and that was expected to continue when the WA centres opened.

“This opportunity presents WA with its first transformations of Masters sites into modern lifestyle precincts,” he said.

“Located on major arterial links, with ease of access to growing residential catchment areas, these sites present a fantastic opportunity for retailers to grow their networks in the northern corridor.

“Home Co’s internal mall strategy is unique and an exciting shift away from the traditional large format retail centres we have previously seen.”

Advertisements listed a variety of uses for the air-conditioned malls, including retail, services, food and beverage, supermarket, car wash and automotive, leisure and entertainment, medical or pharmacy and childcare or play centres.