AUSTRALIA FAIR BREAKS GROUND ON $25M MAKEOVER

AUSTRALIA FAIR BREAKS GROUND ON $25M MAKEOVER

CONSTRUCTION on the first phase of Australia Fair Shopping Centre's $25 million transformation kicks off this week, signalling another step towards Southport's revival.

The 13-month project includes new fitouts and relocations of existing national retail brands, as well as new tenants.

Coles will be expanded into the adjoining outdoor food court and increase its floor space to 4222sqm with new specialty butchery, seafood and bakery areas. The supermarket will remain open during the redevelopment works.

The Scarborough Street façade and ground level of the mall through to the South Car Park will also be upgraded.

Australia Fair owner YFG Shopping Centres has appointed Hutchinson Builders to deliver the refurbishment.

Australia Fair general manager Ramon Otten (pictured) says the first phase of the program will create a contemporary retail experience in the heart of the CBD.

"We are thrilled to begin work on stage one of the centre's revitalisation," Otten says.

"It comes as the wider Southport area undergoes an exciting period of rejuvenation and revival as the city's CBD.

"We are focused on providing a greatly enhanced shopping experience that will be completed well ahead of the city's hosting of the 2018 Commonwealth Games."

New tenants will be announced in coming months, while Kmart and Event Cinemas have already completed upgrades of their own.

The announcement follows the $15 million transformation of the property's western section into Australia Fair Metro. The al fresco dining and retail precinct features a mix of international and local cuisine and fresh produce outlets.

The project is expected to be completed late next year.

 

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...