Re-development for Capri Commercial Centre

Written on the 5 June 2009

A CONSTRUCTION start is imminent on the Isle of Capri Commercial Centre following soil contamination tests on a site formerly occupied by Isle of Capri Auto.

While a developer is yet to be announced, Gold Coast Business News understands that a large scale demolition project will make way for a market square and commercial holding with underground car parks and a range of specialty stores.

The prime 2888 sqm site, backing onto the Isle of Capri canal, was bought from the Bruce Small family trust in 2007 for $22.4 million by Capri Enterprises – an entity associated with the family of Sydney private equity player Simon Harvey. Property managers Ray White Commercial could not confirm plans, other than to say there were a number of factors to be considered prior to development. More than 22 leases have expired since the new ownership.

Ray White commercial property manager Trish Spaull confirmed that all long leases will be honoured.

Businesses include Café Capri, an IGA Supermarket, post office, a bottle shop, TAB and a marine boat hire company.

The popular Bento Box sushi bar will close its doors at the end of this month after deciding not to renew its lease.


Latest News

ASF UNVEILS TRAFFIC PLANS FOR THE SPIT

A SECOND bridge over the Nerang River is the centrepiece of the ASF Consortium's plan to improve traffic flow ...

BHP AND VALE EDGE CLOSER TO $47.5 BILLION SAMARCO DAM DISASTER SETTLEMENT

BHP Billiton (ASX: BHP) and Brazilian mining company Vale have entered into a preliminary agreement with Brazilian fe...

BLK SPORT FOUNDER TYRON BRANT REMAINS CEO UNDER NEW OWNERS

BLK Sport has been purchased from receivers McGrathNicol by a private consortium composed of a TimorLeste-based oi...

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter