Retail property news
Leedwell buys Victorian centres
Leedwell Property Group has secured two significant large-format retail contracts in Victoria – Melton Gateway and Primewest Geelong Gateway.
Melton Gateway is a large-format retail and lifestyle centre with 10 tenancies comprising 12,000sqm of gross leasable area with major retailers including Good Guys, Chemist Warehouse and McDonald’s among seven other national brands.
Primewest Geelong Gateway is a 20,000sqm centre with 14 tenancies including major brands such as Fantastic Furniture, Freedom and BCF. Leedwell opened its doors in Adelaide 10 years ago, and is now a market leader in South Australia. The company expanded into Victoria 18 months ago, and has been establishing a foundation in leasing and sales.
Leedwell now employs over 40 full-time staff in two states.
Camp Hill launches phase 2
Retail property developer Hamell has announced the completion of the second stage of Camp Hill Marketplace’s redevelopment in Brisbane’s eastern suburbs.
The project, which was designed by the Brisbane-based Arkhefield architects, has won an award for excellence in design at the Property Council of Australia Queensland Retail Property of the Year awards, according to Shopping Centre News.
The centre’s extension, which is anchored by Woolworths, is built around a green hub to facilitate the blending of its retail, dining and social functions. Danny Burke, the owner of Hamell, said that his company’s goal had been to “create a world’s best, integrated and sustainable environment to encapsulate the Queensland lifestyle – a community hub feel, with a unique Queensland liveability focus.”
He said that the traffic to our centre had increased significantly since the redevelopment, with all traders, including Woolworths, expressing a better than expected increase in sales.
Kaufland expands in SA
Kaufland Australia has commenced construction of its first South Australia store in Prospect and has received planning approval for its Le Cornu site in Forestville.
Prospect is the second test store in the Australian expansion, following Dandenong which commenced construction last week. The German retail giant has submitted an additional site in Paradise, South Australia, for development approval.
The retailer has invested $24 million in the Prospect store development and expects to generate 150 jobs throughout construction phase, with an additional 100 new jobs once operational.
Kaufland’s Australian expansion has ramped up significantly in recent weeks. This month the retailer received approval for a further two stores in Victoria, bringing its total in the state to five, with a further nine under review.
Kaufland has also acquired three sites in Queensland. The retail giant has already commenced construction of its $255 million distribution centre in Mickleham and started work on its first store in Dandenong.
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