Consolidated Properties Group (headed up by CEO Don O’Rorke, pictured) and CVS Lane Capital Partners have begun a major refurbishment and leasing program for Wilsonton Shopping Centre.
The centre, which they acquired in July, is in Toowoomba, Queensland, about 125km west of Brisbane. The centre is 18,500sqm in size.
The companies expect to complete the $20 million refurbishment program by July 2019. It will include:
- upgrades to the northern and western entry facades
- extra signage
- full internal and external repainting
- new furniture and lighting
- new landscaping; and
- improvements to roofing and public amenities.
According to the companies, the refurbishment program will attract a variety of new tenants to the centre.
It will also create jobs for more than 200 people during construction. Once the centre is finished, the companies expect another 120 full-time employees to join the centre.