Perth, 22 September 2015 – Leasing is in full swing for Perth’s newest shopping centre as part of a retail development push in Western Australia valued at over $1.5 billion.
The Mandurah Central neighbourhood centre is one of a series of shopping destinations being developed or expanded in Western Australia which includes Woolworths as a key tenant.
“These retail developments recognise the demand for accessible neighbourhood shopping centres all over the country, particularly in Perth, where shopping centre size limits have recently been lifted,” CBRE Retail Leasing negotiator Adrian Morabito said.
“There are five projects in WA valued at well in excess of $1.5bn including Mandurah Central, the Federation owned Mandurah Forum and Halls Head Centro, with three of the developments comprising a gross floor area in excess of 100,000sqm, plus mixed use office and residential.”
In the case of Mandurah Central, the 6,600sqm shopping complex will feature a full-line Woolworths supermarket and circa 15 specialty stores totalling 2,200sqm. Mr Morabito said two tenants had already been secured, with three other stores under offer and strong interest on another two. Futher details will be announced in due course.
“Mandurah Central will be a vibrant convenience based shopping centre designed for every day needs, offering a diverse range of retail stores and services,” Mr Morabito said.
“The design concept of the centre is modern and the layout and ample parking will allow for a quality tenancy mix of fresh food, café, medical, beauty and services.”
The centre, which is located on Exchequer Avenue directly east of the major intersection of Mandurah Road and Mandjoogoordup Drive, is due for completion by mid-2016.
It is located in one of Western Australia’s strongest growing corridors outside of the Perth CBD, less than 500m from the Peel campus of Murdoch University, Challenger Tafe Peel and John Forrest high school, providing a trade area of over 17,930 people.
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