Brace yourselves – because Bunnings Warehouse is coming to Tarneit.
The trade retail giant last week announced a new 16,5000 square metre warehouse at the Tarneit Park Hub.
Ranfurlie Asset Management, the retail and commercial division of the Dennis Family, is overseeing the Tarneit Park Hub development which will spread over 46,000 square metres when complete.
Chief executive Mark Wilson said Bunnings Warehouse, which is expected to open at the end of the year, anchors stage one of the project.
“We are excited to have secured Bunnings. It cements Tarneit Park Hub as a key retail and lifestyle asset for the region,” Mr Wilson said.
Ranfurlie Asset Management also developed and manages the Tarneit Central shopping centre, opposite the hub, which is anchored by Coles, Kmart and ALDI.
“Tarneit Central is now in its third year of trade and boasts over 70,000 visitations per week. It is established as a retail focal point not only for the local community, but for the surrounding population,” Mr Wilson said.
“Tarneit Park Hub answers the demand from the community for greater amenity, with great access, proximity to public transport and adjoining Tarneit Central. It sets an excellent foundation to further enhance the precinct and build on what is already a thriving centre.”
Leasing agent Tom Perkins, of Leedwell Property, said establishing a Bunnings Warehouse in Tarneit would help to draw business into the area.
“The ability to generate foot-fall seven days a week and its brand recognition in a community is unparalleled,” Mr Perkins said.
“We have recently completed leasing on a number of new developments anchored by a Bunnings [Warehouse] and they have proven to attract quality, national retailers around them.”
Mr Perkins said Tarneit Central ALDI recently had a major store upgrade as a result of growth in the precinct.
New features include an expanded and modernised produce section, redesigned shelving and signage, as well as extended energy efficient solutions for its refrigeration and lighting throughout.