LENDLEASE has started construction on the $400 million redevelopment of Sunshine Plaza on Queensland’s Sunshine Coast.
Sunshine Plaza is already the largest retail centre north of Brisbane and this redevelopment will increase the centre from 73,000 sqm to over 107,000 sqm.
Lendlease’s head of retail Gary Horwitz said the redevelopment of Sunshine Plaza will strengthen the position of the asset through an additional diversified retail mix.
“The project will also stimulate the local economy, boosting employment and creating further opportunities for retailers while ultimately delivering our customers with the aspirational shopping they are looking for locally,” Horwitz added.
The redevelopment is targeting a 5 Star Green Star – As Built rating. It is estimated that the redevelopment will generate up to 2,900 jobs during construction and approximately 2,300 additional retail positions once the project is complete.
Construction is expected to take approximately two years, with completion prior to Christmas 2018.
Sunshine Plaza is jointly owned by the Lendlease managed APPF Retail and The GPT Group.
Australian Property Journal
