PAC FAIR'S $670M UPGRADE REACHES MILESTONE

PAC FAIR'S $670M UPGRADE REACHES MILESTONE

PACIFIC Fair is one step closer to achieving its vision of becoming Queensland's leading shopping destination after officially opening the south-western end of the mall as part of its $670 million redevelopment.

The new precinct compromises a fresh-food market and a collection of youth fashion retailers, boasting more than 35 new stores.

Pacific Fair centre manager Annabelle Green says the redevelopment of the shopping centre is a big win for the city.

"The Pacific Fair redevelopment is extremely significant for the Gold Coast, and to our local community and the millions of tourists who visit each year," she says.

"Today's launch takes Pacific Fair one step closer to being the distinct and customised experience that the completed centre will deliver, in a place that is distinctly Gold Coast."

The fresh-food market includes Woolworths, Breadtop and Hero Sushi, while Big W, Industrie, Nike, Rebel and Universal have set up shop on level one of the mall. 

"We are so excited to celebrate the opening of this stage of the redevelopment with such a great range of retailers," says Green.

"From local fresh produce, to cafe dining and youth fashion, the stores opening today are a fantastic addition to the range of retailers and brands at Pacific Fair."

The unveiling today also includes a new five-level carpark with more than 2000 new car spaces.  

Pacific Fair is part of a $2.8 billion program of shopping centre upgrades being implemented nationally by manager AMP Capital Shopping Centres and its investors.

The Pacific Fair upgrade is expected to be completed next year and will boost the centre's floor space by 50,000sqm to 155,000sqm. The redevelopment will add another 120 specialty store's to the centre's retail offering.

 

Subscribe Now!
Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

Zip co-founder Larry Diamond heading back to Australia after new US CEO takes the helm

Zip co-founder Larry Diamond heading back to Australia after new US CEO takes the helm

Zip Co (ASX: ZIP) co-founder and US chief executive officer Larry D...

Telstra to disconnect 2,800 jobs in a bid to cut costs by $350m

Telstra to disconnect 2,800 jobs in a bid to cut costs by $350m

Australia's largest telecommunications company Telstra (ASX: TL...

US giant Hard Rock flatly denies it is planning a takeover play for The Star

US giant Hard Rock flatly denies it is planning a takeover play for The Star

Hard Rock International has firmly hosed down rumours that it is pa...

Centuria fund banks tidy returns as second of three inner-Sydney office buildings sold for $103m

Centuria fund banks tidy returns as second of three inner-Sydney office buildings sold for $103m

Property fund manager Centuria Capital Group (ASX: CNI) has cashed ...