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Anyone want to buy DFO?

By johnboy - 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.

Anyone want to set up the world’s most awesome paintball range?

What’s Your opinion?


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47 Responses to
Anyone want to buy DFO?
16
Mr Evil 10:37 pm
10 Apr 12
#

I have Snow idea who would want to buy DFO, but I’d really love to Snow what kind of money they’d be asking for it.

I can almost say for sure that there is Snow way IKEA will be coming to Canberra anytime soon.

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17
arescarti42 10:48 pm
10 Apr 12
#

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.

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18
arescarti42 10:48 pm
10 Apr 12
#

Which thinking about it probably makes it somewhat better than whatever currently exists at DFO.

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19
c_c 11:11 pm
10 Apr 12
#

Ikea?

Made in eastern european and asian sweatshops for a company founded by a nazi.
Recently started a sweatshop on US soil to increase US profits.
Offers “Swedish design and quality”: http://www.ikea.com/ms/en_AU/recall/recall_antilop.html

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20
Henry82 11:33 pm
10 Apr 12
#

$20 plus post

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21
gooterz 11:56 pm
10 Apr 12
#

-1 Ikea.. better to build your own stuff.. and would much be like that doughnut shop.. (can’t remeber is name) and starbucks!

What we need is a nightclub / cheap motel!

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22
AsparagusSyndrome 11:57 pm
10 Apr 12
#

It’s in Fyshwick right?

So how about they make it into an ENOOOOOORMOUS brothel? Oh, wait…

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23
HenryBG 6:15 am
11 Apr 12
#

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.
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.

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

As for your other characterisations, all I can say is that from personal experience, you’re full of it. I have a portion of my house given over to children, and that portion of the house has wooden (yes, wooden, not chipboard) as well as plastic furniture from IKEA which is functional and has proven durable. Some of it is well over 10 years old.

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24
milkman 7:18 am
11 Apr 12
#

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!

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25
Dilandach 7:27 am
11 Apr 12
#

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!!

Like most things, you buy from Ikea here and you’ll be paying double or more for the exact same thing that someone in the US or Europe pays at Ikea. They’ve certainly got a lot of people suckered.

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26
dungfungus 8:59 am
11 Apr 12
#

DJ Mac said :

Sorry people – I wrote to Ikea about 6 months ago asking if they had any plans of opening in the ACT – their response was no because their model for where they place stores is that the store has to have a certain population within 15 minutes – we just don’t have the population density for them to justify opening here.

However I am all for an indoor nerf war or paintball place….

When you apply Ikea’s viability template based on a minimum population within a defined area it should make it easier for a lot of people to understand why international flights to and from Canberra Airport and a very fast train through are not going to become a reality for at least 50 years.

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27
Skidd Marx 9:27 am
11 Apr 12
#

c_c said :

Ikea?

Made in eastern european and asian sweatshops for a company founded by a nazi.
Recently started a sweatshop on US soil to increase US profits.
Offers “Swedish design and quality”: http://www.ikea.com/ms/en_AU/recall/recall_antilop.html

I read an article once demonstrating how obscure connections with Nazi’s can be made with just about any established European company. It’s kind’ve like saying we’re all related to monkeys.

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

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28
Stevian 9:59 am
11 Apr 12
#

Dilandach said :

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!!

Like most things, you buy from Ikea here and you’ll be paying double or more for the exact same thing that someone in the US or Europe pays at Ikea. They’ve certainly got a lot of people suckered.

You’re just angry because you couldn’t figure out how to put together that bookcase you bought from Ikea. You probably filed Lego as well.

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29
thehutch 10:06 am
11 Apr 12
#

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.

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30
Postalgeek 10:24 am
11 Apr 12
#

Skidd Marx said :

c_c said :

Ikea?

Made in eastern european and asian sweatshops for a company founded by a nazi.
Recently started a sweatshop on US soil to increase US profits.
Offers “Swedish design and quality”: http://www.ikea.com/ms/en_AU/recall/recall_antilop.html

I read an article once demonstrating how obscure connections with Nazi’s can be made with just about any established European company. It’s kind’ve like saying we’re all related to monkeys.

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

And Godwin’s Law kicks in unexpectedly early for a thread about DFO and flat pack furniture.

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