Property veteran Simon D’Arcy may have found a neat solution for retail landlords battling record vacancy rates on suburban strips: turn them into design-focused offices for small businesses.
Mr D’Arcy, whose career has included stints managing commercial assets for Mirvac and Newmark Capital and as a leasing agent for Knight Frank, used a vacant shop he owned just off Chapel Street in Melbourne’s South Yarra – where more than one in five shops are empty –– as the pilot for his new venture, Cucumber Offices.
Full story in Australian Financial Review here
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