Colliers International launches leasing campaign for neighbourhood shopping centre redevelopment
The highly anticipated, circa $15million Brighton Central Shopping Centre redevelopment is underway, with stage one projected to open in August and full practical completion due in November.
The new centre will include 40 per cent more gross leasable area (GLA) at 4,655sqm, with long-term anchor tenant Foodland on board for 3,030sqm, plus 40 per cent more parking with about 140 car spaces.
Colliers International’s Ben Laycock is the sole leasing agent for the Brighton Road centre, 11 kilometres from Adelaide’s CBD.
He said the completed centre would have improved amenity and provide all-weather protection for customers.
“The intention of this redevelopment is to ensure that the centre maintains its position as the dominant convenience shopping centre in its trade area,” he said.
“Brighton Central is prominently located and easily accessible and provides an appropriate mix of supermarket, fresh food and specialty retailers with good carparking and convenience characteristics.
“The redevelopment will transform the existing centre into a modern neighbourhood shopping centre with a significantly expanded and upgraded Foodland supermarket and renovated, enhanced specialty shops around a fully enclosed mall.”
Mr Laycock said the long-term success of the centre was underpinned by many of the retailers that had already signed on, including Bakers Delight, seafood deli, butcher, chemist, hairdresser and Cellarbrations store.
A mix of fresh food, catering and general retail services are being sought to fill the available shops.
“The shopping centre owners are seeking retailers to capitalise on this already vibrant local centre, retailers who will enthusiastically embrace and proactively plan for how their business will grasp the opportunity that the redevelopment offers,” Mr Laycock said.
“These retailers will both complement, and benefit from, the dominant trading position of the expanded Foodland supermarket, which is undergoing a circa $5million refit.
“The enclosed mall environment will directly expose all customers to the specialty shops, encouraging them to stay a little longer and providing more opportunities for trader engagement.
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Foodland and many of the speciality shops will continue to trade throughout the redevelopment.