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.
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.
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.
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.”