KWB Group has settled on their acquisition of a 10800 sq metre property in Lytton, East Brisbane. The acquisition achieves premises for a Head Office and operations centre, and a 3825 sq metre space that has been rented on a long term commercial basis.
KWB Group are responsible for the Kitchen Connections and Wallspan Brands; operating quality show rooms across South East Queensland, Newcastle and Adelaide. Joyce Corporation are the majority owner of KWB Group.
Mr.Anthony Mankarios, Executive Director of Joyce Corporation Limited commented, “Lytton is perfectly located almost centric to the existing SEQ showrooms, making it ideal for cost cutting logistics. The purchase will not only save on rent, it will also improve the overall operational results in the Business from FYR18 onwards. The group also anticipates significant gains in the property valuation alongside the additional income stream from the commercial rent.”
This year also saw the opening of an additional Kitchen Connections showroom at Primewest, in North Brisbane’s North Lakes, and another showroom is poised to open at Robina, which will be ideally located to cater to the Gold Coast market.
KWB are the only renovation company in Australia to offer 3D Design services to their customers, they can see, touch, walk through their new kitchen using KWB’s virtual reality technology. Specialising in the “do it for me” segment of the market, Kitchen Connections goal is to deliver customers with a seamless, hassle free home renovation experience – from design inception through to installation and finishing.
Kitchen Connection Managing Director John Bourke says, “Customer satisfaction is paramount to us; we pride ourselves in delivering a 5-star affordable experience.”
Joyce Corporation who focus on investing in direct business to consumer business units are rated as a premier organisation on the ASX with its growth unparalleled for its size and Market Capitalisation in the industrial market sector over the last few years. The Joyce Corporation is now considered a sector leader for their consistent earnings and dividend growth.
Media Article written by Rebecca Hill
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Executive Director Mr. Anthony Mankarios