STOCKLAND has started construction on the $31 million expansion of its retail precinct on land adjacent to Sugarland Shoppingtown in Bundaberg West.
The new neighbourhood shopping centre, to be known as Stockland Kensington, will occupy approximately 3 hectares of land south of Sugarland Shoppingtown.
The centre will comprise a new 4,500 sqm Coles supermarket, a 150 sqm Liquorland outlet and 1,370 sqm of specialty retail floor space accommodating up to 10 additional shops, as well as approximately 260 car parking spaces.
“We are very happy with our acquisition of Sugarland Shoppingtown and we see great potential to enhance our offering for the benefit of the local community through this new land acquisition and development opportunity, with a full-line Coles supermarket as the anchor tenant of this site,” CEO commercial property John Schroder said.
Australian Property Journal
