Capital Gain

Rich lister property developers, the Gazal family’s Gazcorp, has added a touch of Los Angeles’ Rodeo Drive to Sydney’s west with the opening of the $100 million second stage of the Sydney Outlet Village.

The former Fashion Spree outlet in Warwick Farm now boasts 5000 square metres of luxury brands trading in an alfresco mall setting with open-air seating, built with sustainable materials.

Outlet malls are the new black for the retail sector as consumers focus on spending less. Shoppers’ demand for premium brands on a beer budget means Sydney Outlet Village has snared multiple well-known brands including Oroton, expanding the centre’s size from a 130 sq m store to 205 sq m.

Another high-selling brand, Tommy Hilfiger, increased its store footprint from 460 sq m to 963 sq.

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