2/12/2023 0 Comments Northeast factory direct![]() In addition the property developer is able to exploit the cost difference between retail and industrial rents, gives outlet centre operators a distinct advantage over traditional shopping centres. ĭFO centres have traditionally been located around airports: a side effect of the Airports Act of 1996, the Commonwealth Government has planning control over the land, meaning state planning legislation can be bypassed by developers. Valued at A$1.5 billion, in early 2010 the business was put up for sale with a number of retail investment funds expressing interest. ![]() ![]() Former Australian Competition & Consumer Commission chief Graeme Samuel holds a $50 million interest in Austexx through a blind trust. The Direct Factory Outlet retail chain is owned by the privately owned Austexx Group, led by David Goldberger and David Weiland with their first centre opened at Moorabbin Airport ( Cheltenham) in 1997. Its model is to find cheap land, build a cheap but air-conditioned shopping mall.
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