Friday, July 26, 2024

Macarthur Square set for $240m redevelopment

Macarthur Square shopping centre at Campbelltown is to be transformed and repositioned in a $240 million redevelopment that will add about 16,000sqm to the property and affirm its position as the largest shopping centre in south-west Sydney.

The centre will offer a new 4,500sqm full-line Coles, a new 1,500sqm full-line ALDI, an expanded and refurbished Target and a new 2,500sqm full-line Harris Scarfe, as well as some 550 new car spaces.

Macarthur Square shopping centre owners Australian Prime Property Fund Retail and GPT Wholesale Shopping Centre Fund this week provided final approval to begin the centre’s redevelopment.

Gary Horwitz, Head of Retail Business and Asset Management at Lend Lease, the centre’s operator, says the redevelopment will strengthen the position of Macarthur Square by introducing an upgraded and revitalised shopping experience, including “the introduction of the next-generation David Jones department store, which will undergo a complete refurbishment”.

“Our current retailer offer will be further enhanced with the introduction of approximately 45 specialty stores as well as a fresh food market hall and a collection of new dining offers adjacent to a spacious dining terrace,” he said.

Construction is expected to take around two years, with the main extension to be completed ahead of Christmas 2016. It is estimated the redevelopment will generate more than 2,000 jobs during construction and around 1,000 additional retail positions once the project is complete.

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