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Circle on Cavill reposition brings fresh mix to Surfers Paradise

The Property Addict / Luxury Lifestyle

Australia

Jan 04 2017

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Brisbane, 04 January 2017 – Circle on Cavill is emerging as the boutique shopping heart of Surfers Paradise – leveraging off the area’s growing office market and surrounding retail expansion. 

Located in the coastal city’s major tourism precinct, Circle on Cavill is a Woolworths-anchored complex, featuring 11 retailers including national brands such as Surf Dive & Ski, Billabong, Hurricanes & San Churro. 

CBRE Retail Services’ Trisha Wamelink, who has been appointed to lease the centre on behalf of EG Funds, said Circle on Cavill was set to deliver new exciting boutique shopping and dining options to the area. 

“Circle on Cavill is undergoing exciting change, with new entrants including Surfers Paradises’ second Hurricanes restaurant, and successful local operator Jack Shum securing 200sqm for his restaurant Royal Chinese Dynasty at the precinct. Combined with the high number of office renewals in the centre, Circle on Cavill is set to bring a dynamic new offering into the area,” Ms Wamelink said. 

“The newly refreshed centre will capitalise on the area’s large local and working population, with newly revamped dining areas, children’s playground, public television and landscaping enhancements including a sculpture from the ever popular body of work of Gillie & Marc.” 

The recent refurbishment aims to make the centre an inviting space for people to dwell and eat, Ms Wamelink added. 

“Located in one of Surfers Paradise’s busiest hubs, Circle on Cavill has increased its focus to provide a more holistic offering, encompassing both a wide range of shopping options as well as a diverse mix of eateries,” Ms Wamelink added. 

In addition to the successfully trading Woolworths and growing dining options, the complex’s medical precinct is set to expand with the opening of the Circle on Cavill Medical Centre in the New Year. The new medical centre has inked a 10-year lease on a 162sqm. 

Highlighting growing confidence in the precinct, Hurricane’s Grill & Bar has recently opened its second store in Surfers Paradise, securing a total of 375sqm at Circle on Cavill on an initial 10-year term.  

Circle Wine and Beer has also committed to another five-year lease, in addition to expanding its floor area by 50%. 

 

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue).  The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide.  CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.  Please visit our website at www.cbre.com.

 

SOURCE: Press Release

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