PAC FAIR'S $670M UPGRADE REACHES MILESTONE

PAC FAIR'S $670M UPGRADE REACHES MILESTONE

PACIFIC Fair is one step closer to achieving its vision of becoming Queensland's leading shopping destination after officially opening the south-western end of the mall as part of its $670 million redevelopment.

The new precinct compromises a fresh-food market and a collection of youth fashion retailers, boasting more than 35 new stores.

Pacific Fair centre manager Annabelle Green says the redevelopment of the shopping centre is a big win for the city.

"The Pacific Fair redevelopment is extremely significant for the Gold Coast, and to our local community and the millions of tourists who visit each year," she says.

"Today's launch takes Pacific Fair one step closer to being the distinct and customised experience that the completed centre will deliver, in a place that is distinctly Gold Coast."

The fresh-food market includes Woolworths, Breadtop and Hero Sushi, while Big W, Industrie, Nike, Rebel and Universal have set up shop on level one of the mall. 

"We are so excited to celebrate the opening of this stage of the redevelopment with such a great range of retailers," says Green.

"From local fresh produce, to cafe dining and youth fashion, the stores opening today are a fantastic addition to the range of retailers and brands at Pacific Fair."

The unveiling today also includes a new five-level carpark with more than 2000 new car spaces.  

Pacific Fair is part of a $2.8 billion program of shopping centre upgrades being implemented nationally by manager AMP Capital Shopping Centres and its investors.

The Pacific Fair upgrade is expected to be completed next year and will boost the centre's floor space by 50,000sqm to 155,000sqm. The redevelopment will add another 120 specialty store's to the centre's retail offering.

 

Get our daily business news

Sign up to our free email news updates.

 
Finexia’s Childcare Income Fund secures ‘very strong’ rating from Foresight Analytics & Ratings
Partner Content
Private credit specialist Finexia Financial Group (ASX: FNX) has secured a “very...
Finexia
Advertisement

Related Stories

Macquarie Bank slapped with $10m fine after failing to monitor fraudulent transactions

Macquarie Bank slapped with $10m fine after failing to monitor fraudulent transactions

Financial services giant Macquarie Group's (ASX: MQG) bank...

Tritium charged down as administrators called in

Tritium charged down as administrators called in

Five months after attempting to turn its fortunes through jobs cuts...

Just Wines acquires collapsed spirit subscription service Liquor Loot for $1.2m

Just Wines acquires collapsed spirit subscription service Liquor Loot for $1.2m

Only eight months since rescuing non-alcoholic specialty store Sans...

UniSuper pumps $623m into Macquarie green energy and climate fund

UniSuper pumps $623m into Macquarie green energy and climate fund

One of the nation’s largest super funds, UniSuper, has commit...