Claremont’s popular shopping district could soon have new owners after one of its major shareholders put its 50 per cent stake up for sale. The ritzy new real estate opportunity comes after investment firm QIC announced it will be divesting its share in the shopping centre and lifestyle precinct. Jointly owned by QIC and Hawaiian, Claremont Quarter has been a staple destination for shoppers in Perth ’s western suburbs for many years.
It is currently home to big-brand chains like David Jones and Coles as well as a range of national and international luxury brands ranging from Zimmermann and Sass & Bide to Chanel and Georg Jensen. Just last month Australian designer Rebecca Vallance opened her first WA boutique at Claremont Quarter, with customers flocking into the high-end fashion outlet since its opening night. “We’re not opening stores willy-nilly,” she told PerthNow.
“We’re looking, we’re taking our time, we’re doing strong due diligence on making sure it’s the right store, in the right area (and) that our customer is there. CBRE’s Pacific head of retail capital markets Simon Rooney expected Claremont Quarter to be highly sought-after at a time when there is a strong appetite for Australian retail assets. “We expect investment activity will remain elevated with multiple large retail assets currently in play, in what traditionally has been one of the more tightly held markets in Australia,” Rooney said.
The precinct’s new Claremont Quarter Laneway.
