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News release

MELBOURNE

JLL Victoria’s Property & Asset Management expands retail portfolio with four neighbourhood centre appointments

Global real estate firm JLL has been appointed to manage four Victorian neighbourhood centres, Burnside Hub, Hunt Club Village, Manor Lakes Central and Tarneit Central on behalf of Ranfurlie Developments


​ Global real estate firm JLL has been appointed to manage four Victorian neighbourhood centres, Burnside Hub, Hunt Club Village, Manor Lakes Central and Tarneit Central on behalf of Ranfurlie Developments.

Located in western Melbourne, the 19,400sqm Burnside Hub is anchored with a Coles, Aldi and 21 specialities with on grade parking facilities.  The western centre, Manor Lakes Central is also anchored with a Coles and features 21 specialities, whilst the south eastern Hunt Club Village centre located in the Cranbourne precinct is anchored by a Woolworths and Aldi and offers 19 specialities.

This announcement is further complemented by the appointment to the 30,000sqm Tarneit Central, currently under development and due for completion in the second half of 2017.

The total number of assets managed within the Victorian retail managed portfolio business now totals 45 properties. JLL Australia Property & Asset Management​ business currently manages 300 retail assets across the country with a GLA of over 2.3 million sqm.

JLL Australia’s Head of Retail, Property & Asset Management Tony Doherty said, “These appointments are a significant addition to the JLL Victoria Property & Asset Management portfolio and we look forward to working closely with the owners and retailers of these neighbourhood centres to create an inviting environment that provides quality services and a vibrant retail offering in these growth corridors”.

“JLL’s approach to property management is centred on a thorough understanding of each client’s investment objectives and structuring the right team to complement the global systems and processes across the financial and operational aspects of an asset. One of the key areas that differentiates our management is our focus on customer service and the creation of memorable experiences for our customers”, Mr Doherty added.

JLL Victoria Head of Property and Asset Management, Melinda van der Westhuizen said “clients are increasingly seeking the combination of local market knowledge, tailored client service and a global brand that ensures consistent processes and policies to minimise risk exposure to their investment returns. Although collecting rent is central – our clients are benefiting from our menu of value added services including sustainability, customer relationships, risk auditing, capital works projects and custom leasing strategies”.

“As each client is different in their investment drivers, each asset is considered individually and services are recommended accordingly – we are delighted our clients and the market are responding to this bespoke approach, Ms van der Westhuizen added”.