Top retailers secured at Tarneit Central

Colliers International facilitates key leasing deals for new sub-regional shopping centre

Colliers International’s Mike Crittenden and Bernard Canning are facilitating the leasing of 25,000sqm of new retail space at Tarneit Central in the city of Wyndham.

Coles, Kmart, Aldi and Harris Scarfe will underpin Stage 1 of the multi-staged shopping centre, set for completion late 2017.

“With the significant population growth continuing in Melbourne’s west, major retailers have recognised this opportunity and pursued it vigorously, resulting in the strong mix of anchor tenants we have secured,” Mr Crittenden said.

Colliers International is now looking to secure the final tenants to fill the remaining tenancies.

In addition to major tenants Kmart, Aldi, Coles and Harris Scarfe, Tarneit Central will be supported by about 45 additional specialty retailers and offers 935 on-grade car spaces.

Tarneit station, recently introduced as part of the Victorian government’s Regional Rail Link project, is within walking distance of the centre, making it easily accessible to residents of neighbouring suburbs.

The shopping centre will also act as a further catalyst for the rapid development in the area, as well as the continued increase in residential property values that has been experienced during the past few years.

According to an article published in The Age last year based on Australian Bureau of Statistics data, Tarneit is one of the five fastest-growing suburbs in the country, welcoming more than 3300 residents in the year to June 2014.

Naturally, the demand for services is steadily increasing, as confirmed by Heather Marcus, former city of Wyndham mayor, in a 2013 interview with the ABC.

There has been a push to provide more day-to-day essentials for residents, such as sporting ovals, community centres, kindergartens and libraries.

Tarneit Central will ease the demand for shopping conveniences, according to Mr Crittenden.

“A new sub-regional centre in an existing residential precinct within 27km of the Melbourne CBD was unique and would benefit retailers and residents alike,” he said.

“Locals in the area are eagerly waiting for us to open and we really can’t wait to meet them and get to know the community.”

Colliers International Tarneit Central shopping centre Wyndham city retail leasing

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