Colliers International has re-leased more than a dozen of the 62 Dick Smith’s stores that closed earlier this year, and they have several more under negotiation around the country.
Colliers national director of retail, Leroy Wolland said that nearly half of all the stores nationwide have been re-leased to a range of categories and big brands, however many of the smaller regional locations remain vacant.
“Although the former Dick Smith’s stores are typically in the best retail locations in these markets, the issue is around the lack of demand from national brands to enter these smaller cities and towns,” said Wolland.
Wolland said Colliers has also completed deals with international retailers Wittner Shoes and Footlocker who have snapped up ‘high street’ sites in Wellington and Auckland.
