A number of high profile food and beverage operators are rumoured to have their eyes on the Waterloo as the Sydney suburb continues to grow.
Located 4km outside of the Sydney CBD, the population of Waterloo is set to triple its current population of 18,000 by 2020, providing a prime opportunity for food and beverage operators to set up shop.
According to Colliers International, Waterloo will hold more than 10,000 apartments within the next five years with a large proportion of the occupants set to be young, single and childless with high incomes – the type of demographic that Colliers say eats out several times per week.
Viet Ngo, retail leasing executive at Colliers International says that the new Divercity development, located at 850 Bourke Road, is one example of a mixed use development catering for the strong demand by foodies.
“This will be a new dining hub for the inner south of Sydney,” said Viet Ngo, retail leasing executive at Colliers International. “Located only 4km from the CBD, the retail spaces offered in Divercity range from 56sqm through to 178sqm, many of which overlook the public plaza, creating a point of focus and vibe in this hip new area.”
The new development is also located in close proximity to a range of other high profile food operators, including The Grounds of Alexandria, Salt Meats Cheese, Fourth Village Providore, Sonoma Bakery and East Phoenix.