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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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47 Responses to
Anyone want to buy DFO?
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Kerryhemsley 3:45 pm 11 Apr 12

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.

1967 1:24 pm 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!!

Pfft……

What about Anarkea?

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

thehutch 11:49 am 11 Apr 12

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

thehutch 11:48 am 11 Apr 12

poetix said :

thehutch said :

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

Yurt joking, surely?

Lol nice!

HenryBG 11:26 am 11 Apr 12

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.

arescarti42 11:10 am 11 Apr 12

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.

PantsMan 11:08 am 11 Apr 12

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?

poetix 11:02 am 11 Apr 12

thehutch said :

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

Yurt joking, surely?

c_c 10:41 am 11 Apr 12

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?

EvanJames 10:34 am 11 Apr 12

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.

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.

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.

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.

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.

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.

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.

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!

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.

AsparagusSyndrome 11:57 pm 10 Apr 12

It’s in Fyshwick right?

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

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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