MEDIA RELEASE FROM CARINDALE PROPERTY TRUST (ASX:CDP) – 8th September 2010
The Carindale Property Trust (ASX:CDP) announced today that works would start on a major redevelopment at Westfield Carindale in late 2010. Westfield Carindale is jointly owned by Carindale Property Trust and the Lend Lease-managed Australian Prime Property Fund Retail.
Westfield Carindale is one of Brisbane’s largest regional shopping centres at 114, 930 square metres of gross lettable area and is one of the city’s premier retail destinations, anchored by two department stores, two discount department stores, three supermarkets, an eight-screen cinema and approximately 290 specialty retailers.
The approximately $300 million project will include a new parallel mall over two levels anchored by a new full-line Coles supermarket, a relocated larger format Target store and around 120 new tenancies adding a further 22,000 square metres of gross lettable area to the existing centre. The finished project will have an increased focus on fashion and will feature a range of Australian and international designers, reinforcing Westfield Carindale’s position as one of Brisbane’s key fashion destinations. An additional feature of the development is a new dining precinct that will sit adjacent to an outdoor mall. Read the rest of this entry »
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