Direct Factory Outlet
Parent Vicinity Centres | | |
Website | www |
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Direct Factory Outlet (DFO) is a brand of factory outlet shopping centres in Australia. They are large-floor warehouse buildings containing partitioned stores where retail outlets sell excess or previous seasons' stocks at reduced prices. Vicinity Centres have full or partial ownership of seven of the eight stores.
History
Direct Factory Outlet was founded in 1997 by
DFO centres have traditionally been located around airports: a side effect of the Airports Act of 1996, the
On 16 August 2010, lead bank
Locations
As of December 2021[update], there were eight centres located in four states. Vicinity Centres have a 50% shareholding in two of centres, and 100% in another five.[13]
Brisbane
DFO Brisbane is located at Brisbane Airport about 13 kilometres (8.1 mi) north-east of the Brisbane central business district, It opened in 2005.[13] As of December 2021[update], it has 144 tenants on 26,020 square metres (280,100 sq ft) of gross lettable area (GLA).[13]: 28 It was acquired by Vicinity Centres in May 2016.[12]
Essendon
DFO Essendon is in the Melbourne suburb of
Homebush
DFO Homebush is located in
Jindalee
DFO Jindalee is located in the Brisbane suburb of Jindalee. It was constructed in 2007, and was sold by Austexx Group to Chin Yin in 2016 to be managed by Geon Property.[15][16] It is one of two DFO centres that Vicinity Centres has no ownership in, the other being Carins.[clarification needed] It underwent a major refurbishment from 2019 through 2021.[17]
Moorabbin
DFO Moorabbin is in Cheltenham, about 20 kilometres (12 mi) south-east of the Melbourne central business district. Originally Fairways Leisure Market, the centre opened in 1994 on land adjacent to Moorabbin Airport. In 1997 the centre was purchased by the Austexx Group as the group's first DFO shopping centre.[18] The centre had approximately 45 stores on 8,000 square metres (86,000 sq ft).[19] Since opening, the centre has expanded to 24,715 square metres (266,030 sq ft).
Perth
DFO Perth is situated at
South Wharf
DFO South Wharf is located in South Wharf, about 2 kilometres (1.2 mi) south-west of the Melbourne central business district. It opened in 2009.[13] In April 2019, Vicinity Centres became the sole shareholder after buying out the Plenary Group.[22]
Uni Hill
DFO Uni Hill is in Bundoora, approximately 16 kilometres (9.9 mi) north-east of the Melbourne central business district. It opened in 2008. Vicinity has a 50% shareholding with the remainder owned by MAB Corporation[13]
Essendon Centre plane crash
Just before 9am on 21 February 2017, a
See also
References
- ^ Battle of the titans Australian Financial Review 2 September 2004
- ^ Pallisco, Marc (9 February 2010). "Ownership of 1.5 Billion DFO Retail Chain to Change". realestatesource.com.au. Archived from the original on 3 March 2011. Retrieved 10 May 2010.
- ^ a b Bachelard, Michael (22 August 2010). "DFO carve-up to pay banks". The Age. Melbourne: Fairfax Media. Retrieved 15 March 2022.
- Sydney Morning Herald. Retrieved 10 May 2010.
- ^ a b "Factory outlet centres go from strength to strength". Inside Retailing. 21 April 2008. Archived from the original on 8 December 2009. Retrieved 10 May 2010.
- ^ "Direct factory outrage". The Age. Melbourne. 31 October 2007. Archived from the original on 28 October 2007. Retrieved 10 May 2010.
- ^ Gluyas, Richard (18 August 2010). "Last-ditch effort to save DFO shopping empire". The Australian. News Corp Australia. Retrieved 18 August 2010.
- ^ Dunlevy, Maurice (17 August 2010). "Melbourne DFO faces receivership with $500m debt". Herald Sun. Herald Sun. Retrieved 18 August 2010.
- ^ CFS Retail raises $540m for DFOs Australian Financial Review 24 September 2010
- Novion11 June 2015
- ^ Federation reborn as Vicinity with new chief in place Australian Financial Review 28 October 2015
- ^ a b Vicinity acquires strong performing Outlet Centre DFO Brisbane Vicinity Centres 23 May 2016
- ^ a b c d e f g h i Direct Portfolio Property Book December 2021 Vicinity Centres
- ^ Essendon crash: Five killed as plane plunges into shopping centre near Melbourne's Essendon Airport ABC News 22 February 2017
- ^ "Brisbane's DFO Jindalee bagged for $46.6 million". Property Council of Australia. 8 March 2022. Archived from the original on 11 July 2023. Retrieved 10 December 2022.
- ^ "DFO Jindalee". Geon Property. Archived from the original on 4 August 2021. Retrieved 24 July 2022.
- ^ "DFO Jindalee Stage 2 Completed with 60 Retailers, New Cinema and Fresh Markets". Centenary Today. Archived from the original on 18 March 2022. Retrieved 24 July 2022.
- ^ Pallisco, Marc (9 February 2010). "Ownership of 1.5 Billion DFO Retail Chain to Change". realestatesource.com.au. Retrieved 30 May 2011.
- ^ Khadem, Nassim (2 May 2004). "Centres feel left out of discount boom". The Age. Retrieved 29 October 2012.
- ^ "Direct Factory Outlet (DFO Perth)". Georgiou Group. 2022. Retrieved 15 March 2022.
- PerthNow. Retrieved 15 March 2022.
- ^ Vicinity takes control of DFO with $141 million deal Commercial Real Estate 16 April 2019
External links
Media related to Direct Factory Outlet at Wikimedia Commons