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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.

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Anyone want to buy DFO?
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Golden-Alpine 7:00 pm 11 Apr 12

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.

HenryBG 5:55 pm 11 Apr 12

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.

Evil_Kitten 5:22 pm 11 Apr 12

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

EvanJames 5:13 pm 11 Apr 12

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.

grunge_hippy 5:00 pm 11 Apr 12

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.

GardeningGirl 4:22 pm 11 Apr 12

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.

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