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Anyone want to buy DFO?

By 10 April 2012 47

dfo

Smart Company has the news that Canberra’s DFO is up for sale.

The DFO outlet in Canberra has been put up for sale by receiver McGrath Nicol as fallout from Austexx and its financial troubles continue to ripple through the industry.

The centre was placed in receivership last month with the Canberra’s Direct Factory Outlet and Homemaker Hub now for sale, with McGrath Nicol receiving expressions of interest.

Janes Lang LaSalle is in charge of the sale process according to the Australian Financial Review.

The development comes after months of legal battles and complicated debt deals, after property developer Austexx was forced to sell off assets as it faced nearly $US1 billion in debt and a possible collapse in 2010.

McGrath Nicol was contacted by SmartCompany this morning but a reply was not available prior to publication.

The Canberra DFO and Homemaker outlets were built in 2008, contain more than 100 fashion tenants, 24 homemaker stores and more than 1,800 car spaces. It is understood that the centre continues to operate as usual.

“I would like to assure tenants, customers and centre management employees that our appointment allows DFO Canberra and Homemaker Hub Complex to continue to operate while we run an orderly sale campaign,” Shane O’Keeffe of McGrath Nicol told the AFR.

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47 Responses to
Anyone want to buy DFO?
EvanJames 10:34 am
11 Apr 12
#31

Skidd Marx said :

That said, IKEA is disposable chipboard crap marketed to braindead soccer mums with My Family stickers on the back of their Toyota Klugers.

rubbish. They’re at Harvey Norman, that’s what it’s for.

c_c 10:41 am
11 Apr 12
#32

thehutch said :

Having recently returned from Ulaanbaatar (capital of Mongolia) which has an Ikea, I’d be suprised if the Capital region of Canberra (500,000 odd thousand) couldn’t support an Ikea. Granted that Ulanbaataar has a million people, but I’d suggest Canberrans have more of money to spend… especially with the proportion of residents who come to Canberra for a year who may be looking for Ikea style furniture.

Not everything makes sense in business, like how we’re supposedly moving to a paperless society yet Canberra now has four huge Officeworks stores?

poetix 11:02 am
11 Apr 12
#33

thehutch said :

Having recently returned from Ulaanbaatar (capital of Mongolia)….

Yurt joking, surely?

PantsMan 11:08 am
11 Apr 12
#34

Cede it to another country, set up an Ebay shop there, and save time and postage by just picking up your high quality, tax free, cheap stuff in Fyshwick?

arescarti42 11:10 am
11 Apr 12
#35

HenryBG said :

arescarti42 said :

I’m going to rain on everyone’s parade and suggest that Ikea is an unpleasant maze filled with overpriced, s***ty particle board furniture and generally crap plastic stuff.

This is rubbish.

Yes, the stuff they sell at Ikea sure is.

HenryBG said :

The path through the store is anything but “a maze”: it’s obviously a planned route. What other stores can say the same? People who like shopping, like IKEA, because the layout is designed to ensure the shopper walks past every product.

Normal stores have aisles arranged in a long row. The benefit of this layout is that nuts who want to go up and down each aisle and stare at everything in the store can do so, whilst people who have better things to do with their time can walk in and go straight to the thing they want to buy.

HenryBG said :

As for “overpriced”, I’d say it compares favourably with all the other stores in Canberra selling stuff of similar quality.

That’s because other stores in Canberra selling similar crap are also overpriced.

arescarti42 said :

I’m going to rain on everyone’s parade and suggest that Ikea is an unpleasant maze filled with overpriced, s***ty particle board furniture and generally crap plastic stuff.

BOOOOOOOOOOOOOOOOOOOOOOOOOOOO!

My work here is done.

HenryBG 11:26 am
11 Apr 12
#36

arescarti42 said :

HenryBG said :

arescarti42 said :

I’m going to rain on everyone’s parade and suggest that Ikea is an unpleasant maze filled with overpriced, s***ty particle board furniture and generally crap plastic stuff.

This is rubbish.

Yes, the stuff they sell at Ikea sure is.

Well, it’s not stuff I would put in the adult parts of my house, but the stuff from IKEA that has gone into the children’s part of my house was cheap and durable. Much better than similarly cheap stuff purchased from Freedom and similar places here in Canberra.

For me, the problem with IKEA is that it is mostly stuff that’s designed for poor people living in small apartments. So, for example, you can’t get a decent kitchen or dining table there. You do have the choice of chipboard, laminate, and solid wood, but it’s all very light and very small.
Some of their kitchenware is really very good – the baking trays for example are very well designed for my purposes.

I’d say Canberra’s transient population would provide excellent business for IKEA. It would definitely put a few of the other places out of business, though.

thehutch 11:48 am
11 Apr 12
#37

poetix said :

thehutch said :

Having recently returned from Ulaanbaatar (capital of Mongolia)….

Yurt joking, surely?

Lol nice!

thehutch 11:49 am
11 Apr 12
#38

c_c said :

thehutch said :

Having recently returned from Ulaanbaatar (capital of Mongolia) which has an Ikea, I’d be suprised if the Capital region of Canberra (500,000 odd thousand) couldn’t support an Ikea. Granted that Ulanbaataar has a million people, but I’d suggest Canberrans have more of money to spend… especially with the proportion of residents who come to Canberra for a year who may be looking for Ikea style furniture.

Not everything makes sense in business, like how we’re supposedly moving to a paperless society yet Canberra now has four huge Officeworks stores?

Hahaha true… Computers seem to use more and more paper though

1967 1:24 pm
11 Apr 12
#39

screaming banshee said :

Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea Ikea IKEA!!

Pfft……

What about Anarkea?

http://www.youtube.com/watch?v=Bvz0iLY3Nlw

Kerryhemsley 3:45 pm
11 Apr 12
#40

Ikea is the Krispy Kreme of furniture retailers in Canberra. Locals get obsessed with a store when it has outlets in Sydney and then when it finally opens up here they drop off.

GardeningGirl 4:22 pm
11 Apr 12
#41

HenryBG said :

Well, it’s not stuff I would put in the adult parts of my house, but the stuff from IKEA that has gone into the children’s part of my house was cheap and durable. Much better than similarly cheap stuff purchased from Freedom and similar places here in Canberra.

A wall of Billy’s for the family room or spare room appeals to me more than trying to get somebody to come and quote for builtins, and being a European based company that also retails in Europe their versions meet the stricter consumer legislation requirements over there. In fact their website says “All IKEA products for all markets, globally, shall comply with the chemical restrictions in the EU REACH regulation”. That’s a selling point for me. Unlike the typical response in local stores of shrugging and saying I don’t really understand your question but trust me, I’m sure this fine imported item is okay otherwise we wouldn’t be allowed to sell it . . . . as far as I know . . . . I think . . . . but don’t ask me, I only work here.

grunge_hippy 5:00 pm
11 Apr 12
#42

speaking from my teeny tiny shoebox house, IKEA is the shiz.

My only problem with it is you have to have very good spacial awareness and some problem solving skills in order to create what you want for your space. It all looks very nice in the catalogue, but then trying to get all the individual components to make it come to life it quite difficult. There is many parts to a simple cupboard for example.

EvanJames 5:13 pm
11 Apr 12
#43

GardeningGirl said :

A wall of Billy’s for the family room or spare room appeals to me more than trying to get somebody to come and quote for builtins, and being a European based company that also retails in Europe their versions meet the stricter consumer legislation requirements over there.

True. You can combine those Billys so they look very schmick, and I’d defy a design company to do better, certainly for anything like the price. I have some along a wall doing the step-up thing. I think much of Ikea’s stuff is excellent. Some of it’s weird and bizarre and pointless, but a lot of it is great, and the more of it you have, the better it all goes together.

c_c 5:19 pm
11 Apr 12
#44

Evil_Kitten 5:22 pm
11 Apr 12
#45

Pffft you don’t go to Ikea for the furniture, you go for the meatballs!

HenryBG 5:55 pm
11 Apr 12
#46

EvanJames said :

GardeningGirl said :

A wall of Billy’s for the family room or spare room appeals to me more than trying to get somebody to come and quote for builtins, and being a European based company that also retails in Europe their versions meet the stricter consumer legislation requirements over there.

True. You can combine those Billys so they look very schmick, and I’d defy a design company to do better, certainly for anything like the price. I have some along a wall doing the step-up thing. I think much of Ikea’s stuff is excellent. Some of it’s weird and bizarre and pointless, but a lot of it is great, and the more of it you have, the better it all goes together.

Yep, I used to have two walls of Billys, too. Unlike the chipboard flat-pack stuff from other stores, the shelves and sides of them didn’t disintegrate and they actually looked very good in the room they were in.

And for the person who thinks IKEA is like Krispy Kreme – there is no comparison: when Krispy Kreme opened in Woden, I thought I’d go and have a look by organising an informal work meeting there. I ordered a coffee and donut per person. I wasn’t expecting anything better from the coffee than it be warm and brown, but I was appalled that the donuts were cold and stale. (Apparently they bake them interstate and trucked them in.).
And this all came to just about $10 a head. *Ludicrous*.

With IKEA, you get what you expect, it’s very well designed (something the average Made In China stuff doesn’t suffer from) and it’s fair to good quality, plus it’s nice and cheap.

Having used 6 different IKEA stores at different times to quickly furnish a house in various parts of the world, it’s pretty obvious to me that an IKEA in Canberra would suit Canberra’s transient population down to a T.

Golden-Alpine 7:00 pm
11 Apr 12
#47

Kerryhemsley said :

Ikea is the Krispy Kreme of furniture retailers in Canberra. Locals get obsessed with a store when it has outlets in Sydney and then when it finally opens up here they drop off.

Didn’t I already say that? Comment #12. I declare copyright infringement, you owe me a donut.

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