National chain Kaisercraft joining Wilsonton Shopping Centre with seven-year lease
Shoppers at a recently-revamped Toowoomba shopping centre will have even more retail offerings, with a national chain joining on a seven-year lease. See details here.
Business
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A national arts and crafts chain will double its footprint in Toowoomba after announcing it would open a shop in a newly-revamped city shopping centre.
Kaisercraft, which has 65 stores across the country, has signed a seven-year lease for a 350 sqm tenancy in the Wilsonton Shopping Centre.
The new shop will employ five people once fit-out was completed next month.
The centre was bought by Consolidated Properties Group and CVS Lane Capital Partners in 2019 for $50m and has already halfway through a two-stage redevelopment worth about $40m.
Kaisercraft spokeswoman Jadranka Erceg said the strong reception to the first outlet gave the company the confidence to press ahead with a new store after a period for the retail sector.
“It’s been a big team effort to say the least,” she said.
“Our diverse product range helped us adapt and support our customers through the challenges of 2020.
“Our team has a positive attitude and a strong drive to make our range of lifestyle products accessible across Australia.
“We have a strong following in the area so we hope a new store to service another area of town will be well received.”
CPG’s national retail leasing manager Rob Clifton said Kaisercraft was a welcome addition to the centre’s retail offering.
“Since a $20 million refurbishment in 2019, which included an outdoor dining precinct and upgrades to the existing mall and centre facade, we’ve been able to add significantly to the line-up including new food outlets like Oh Sushi and O’Donnell’s Bakehouse,” he said.
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