Bunnings Warehouse is set to be the next big tenant at Majura Park, moving into the site occupied by the ill-fated Woolworths Masters home improvement venture.
But the proposed move poses questions around the future of the nearby Bunnings store at Fyshwick.
The hardware giant’s General Manager of Property, Andrew Marks said that it was working with both the landlord and private retail group Home Consortium, which in August acquired 61 Masters properties, to finalise an agreement for the former Masters Canberra Airport site.
“If successful, there will be necessary conversion works undertaken to reformat the store ahead of Bunnings moving into the site,” he said.
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Bunnings has a total of 326 stores across Australia, with four of those located in the ACT – Gungahlin, Tuggeranong, Belconnen, and Fyshwick.
The Fyshwick store is only about 6km from the Airport and there has been speculation that it would close and its staff and stock move to Majura Park.
Bunnings did not respond to questions on its future, nor would it say when the Majura Park store may open.
Canberra Airport said it was working with Home Consortium and Woolworths to finalise an agreement for a new tenant to occupy the former site of the Masters Home Improvement Store at Majura Park.
“With anchor tenants like Costco, Big W, and Woolworths, the site is a great location for retail trading, and we look forward to welcoming a new retail giant to compliment the strong range of existing retailers soon,” the Airport said.
Woolworths closed its Masters stores in December last year after the home improvement chain lost more than $600 million over four years.