CCBR Business Review

6 73% of consumers lose trust in a business with inaccurate listings and 88% of consumers look to online reviews when making buying decisions. Stop losing customers to your competitors and start winning them back. Fix your listings, digital advertising, websites, SEO and social media. DOMINATE THE CENTRAL COAST MARKET 67 Barralong Rd Erina NSW 2250 Australia Alex Mallett m. 0449 883 302 Visit and request a free digital footprint report. LOCAL DIGITAL EXPERTS B U S I N E S S N E W S Tuggerah Super Centre ownership change FOLLOWING THE MERGER of ASX listed Aventus Capital Limited with HMC Funds Management Limited in March earlier this year Tuggerah Super Centre’s ownership will now come under HMC’s control. A media release from HMC Capital in February 2022 says, “Listed in November 2020 with $800m of assets, HDN is now Australia’s leading daily needs REIT with At the same time that Aventus acquired the Super Centre/Bunnings site they acquired a 5.58Ha vacant site 11 Bryant Drive opposite the Centre, also from Bunnings, paying $3,750,000. $30 million development on 11 Bryant Drive site approved Aventus was planning to develop the vacant site and had lodged a Development Application in 2019 for a $30 million retail and food and drink complex. The Central Coast Local Planning Panel deferred a decision in July 2021 to allow adjoining property owners to comment and was approved in February this year. The complex will comprise three large retail buildings over 10,000 sqm, two 700sqm dining zones as well as alfresco dining, drive-thru and take away restaurants. Centre Manager, Vicki Westwood will continue to manage centre with HMC Capital appointing her Retail Manager. Ms Westwood has been involved in the management of the Centre from the time when it was developed and owned by Terrace≈Tower Group is 2007. $4.4bn portfolio of strategic real estate infrastructure in the best metro locations and growth corridors.” In 2015 Aventus acquired the Centre, including a Bunnings Wearhouse, on a 7.16Ha site at 2 Bryant Drive Tuggerah from Bunnings Properties Pty Limited paying $41,250,000. Following the purchase Aventus refurbished the Centre which now has a 90% occupancy. Tuggerah Super Centre CENTRAL COAST BUSINESS REVIEW JUNE 2022