Gold Coast's retail-centric facelift: Herron Todd White
The Gold Coast region retail market is undergoing a shopping-centric facelift with beachside occupancy rates increasing on par with stronger hospitality figures, according to Herron Todd White.
Herron Todd White's September Month in Review said some of the major retail renovations include Pacific Fair, Robina Town Centre Food Market Mall, Australia Fair West and Showcase on the Beach.
The review said the $670 million Pacific Fair redevelopment will see the centre transformed into the largest shopping centre in Queensland and the fourth largest in Australia.
"Pacific Fair will have approximately 150,000 square metres of GLAR, incorporating 420 specialty shops, two full-line department stores, two supermarkets, three discount department stores, luxury and high street fashion outlets along with restaurants, bars and entertainment destinations," the report noted.
"The first stage of Robina Town Centre’s $160 million Food Market expansion was completed in May 2015 and delivered Gold Coast’s first Coles food superstore.
"The next stage of the Food Market Mall is now underway and is planned to incorporate 55 new retailers when completed in late 2015."
