Bunnings buys land for Ballina expansion
EVIDENTALLY, hardware retail giant Bunnings just isn’t big enough. Last year it had planned to expand its Ballina footprint.
Bunnings head office has confirmed it bought the 6500 square metre parcel of land adjacent to Ballina Bunnings Warehouse on Bruxner Highway through North Coast Commercial Property way back in June 2015 for $1.8million.
The land is still vacant.
Andrew Marks, Bunnings general manager said, “Bunnings can confirm it purchased a small parcel of land to facilitate the future expansion of Bunnings Warehouse Ballina.”
In June, the Westfarmers-owned retail giant pursued a shift from smaller "home centres" (under 5000 square metres) to larger-format "warehouse" stores (anywhere from 5000 to 21,000 square metres) – driven by population growth and changing consumer preferences.
Displays of architectural and LED lighting, kitchens, playground equipment and home automation goods were taking significant floorspace in the bigger, upgraded stores.
Since the Bunnings expansion strategy, its biggest rival Masters went into liquidation.