Retail update
Bowens buys site in outer Melbourne
Not-for-profit organisation Habitat for Humanity has set up a retail outlet in Adelaide to help cut the cost of building materials
Mon May 09 2022
Bowens has purchased a 4.9 hectare block at Cobblebank, a developing suburb in the City of Melton, located around 31km west of Melbourne's CBD, according to realestatesource.com.au.
There are plans for an outlet and distribution centre to be built on the site to service the north west region, as part of Bowens' expansion in Victoria.
The hardware and building supplies group is paying $12.32 million for the former Melton City Council controlled parcel at 27-39 Abey Road, near the Ferris Road exit of the Western Freeway. In realestatesource.com.au, Bowens chief investment officer, Andy Bowen said:
As a market leader in the building supplies industry, Bowens is committed to supplying the best quality products and advice to builders and trades alike especially in areas where it is most need.
The Cobblebank property is close to the 13ha Melton South site which the state government acquired from the Catholic Church last year with plans to develop the 24-hour Melton Hospital. It is also about 500 metres from the Cobblebank train station, which opened in 2019.
Related
Expansion plans for Bowens - HNN Flash #92, April 2022ReStore
Habitat for Humanity has opened a ReStore outlet in Adelaide offering builders and home owners an opportunity to buy materials at lower prices, all donated by building companies, home improvement businesses and individuals.
The goods, including paving and landscaping materials, tiles, flooring, bathroom fittings, lighting, and door hardware will generally be offered at around half the usual retail price. Slightly used home furniture items will also be available.
The first of its kind in the state and 15 years in planning, ReStore will be owned and operated by Habitat for Humanity, a not-for-profit organisation that builds homes and apartments for low-income families, disadvantaged communities and homeless youth.
Habitat for Humanity executive officer Louise Hay said the retail venture would meet a key need for people building, or setting up, a house while being benefitting the environment.
ReStore will sell building materials that may be left over after a major construction job. These surplus materials, which are brand new, often end up in landfill because builders don't have the time to find another home for them.
Funds raised through the store will be used to support Habitat for Humanity's projects in South Australia that includes a small-scale home building program, a home maintenance program and disaster recovery work. Volunteers also worked for 18 months cleaning up properties in the Adelaide Hills after the devastating bushfires in 2019-20.
Habitat for Humanity has already built more than 40 homes and apartments in South Australia for people struggling with shelter or experiencing homelessness.
