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CONSTRUCTION of the $470 million Westfield Coomera development is underway on the northern Gold Coast with the massive shopping centre expected to open in late 2018.
Retail landlord Scentre Group (ASX: SCG) and co-owner QIC Global Real Estate have begun work on the development which will feature 140 speciality stores in the area including Woolworths, Coles, Kmart, Target and an Event Cinemas complex with Gold Class.
The Westfield development is located 500 metres off the Pacific Motorway (M1) near the Coomera train station.
Scentre and QIC have promised the 59,000 square metre shopping centre has will transform the local retail experience, "delivering a new benchmark, dining, lifestyle and entertainment destination for the community and the public".
Scentre Group's chief operating officer, Greg Miles, says the development will become a "true community hub".
"This is the first Westfield 'greenfield' development in more than a decade and will form part of the longer-term Coomera Town Centre project that will encompass a wide range of amenities for the local region," says Miles.
"The future town centre will include community space, commercial, residential and mixed use elements, which will complement the retail and lifestyle destination we're currently developing for resident of the Gold Coast's fastest-growing region."
The development will provide almost 7,500 jobs to the area during construction and in retail on completion.
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Business News Australia
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