LENDLEASE has started work on the $240 million redevelopment of Macarthur Square.
The redevelopment will add 16,000 sqm to the centre including a next generation David Jones, which will undergo a complete refurbishment, a new 4,500 sqm full line Coles, a new 1,500 sqm full line Aldi, an expanded and refurbished Target, a fully refurbished Woolworths, a new 2,500 sqm full line Harris Scarfe, 45 specialty stores as well as approximately 550 new car spaces.
Lendlease head of retail Gary Horwitz said the redevelopment will strengthen the position of Macarthur Square by extending an already diversified retail mix.
“Lendlease and GPT Group founder Dick Dusseldorp had a vision for the Macarthur region when, in 1979, he opened the doors of a newly built shopping centre to provide luxury and convenience right on the community’s doorstep.
“Today I am proud we are continuing his vision and giving back to a community that has shown the centre so much loyalty. The redevelopment will also stimulate the local economy, boosting employment and offering further opportunities to retailers,” Horwitz said.
Macarthur Square is jointly owned by the Lendlease managed Australian Prime Property Fund Retail (APPF Retail) and the GPT Wholesale Shopping Centre Fund,managed by The GPT Group.
Australian Property Journal
