Plaza Arcade

Plaza Arcade is located in a prominent position next to David Jones and opposite Myer between the Hay and Murray Street Malls in the Perth CBD.

The Hay and Murray Street Malls are Perth’s largest retail precincts. Plaza Arcade is situated on two levels consisting of over 40 convenience based stores including fashion, accessories, giftware food and coffee. With a consistent flow of traffic, the major target market of the arcade is tourists and CBD office workers.

This prime CBD retail property was purchased by clients of Lease Equity in August 2003. Lease Equity acquired this property on behalf of our client after a substantial analysis of its prospective redevelopment and rental increase potential.

Plaza Arcade has completed a major refurbishment which has strengthened its position as the premier retail arcade in the Perth CBD taking full potential of traffic flow and achieving substantial increases in rental income via improved tenancy mix.

The centre has a GLA of 2,607 square metres and was built in 1937 with several refurbishments since. This arcade enjoys an enviable position being located in the heart of the Perth CBD retail precinct.

Perth Central

Perth Central is located within the main retail precinct of the Perth CBD and runs between both the Hay and Murray Street Malls.  It is anchored by a Target Department Store which fronts Hay Street and includes 5 other specialty stores including major retailers Waves Surf and Vodafone and a new concept National Australia Bank.

Upon appointment, Lease Equity has introduced a number of new tenants whom have increased the value of the centre considerably.

Perth Central has the enviable position of being located directly across from the main entrance to the new Perth Underground Train Station. Lease Equity recognised the impact this has had on trade and traffic flow for the property and has reorganised existing leases and incorporated into new leases terms and market review dates that will be most favourable to the Lessor in unlocking greater rental value as a result of increases in traffic flow.

The centre is 9,872 square metres over two levels and enjoys extended trading hours including Friday night and Sunday trading catering to the tourist and recreational shopper market.