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Australia to get $500m retail redevelopment in Toowoomba

Ravinder Pal Singh Published 12 November 2014

A new $500m redevelopment has been launched in the Australian city of Toowoomba, Queensland, which will double the size of Grand Central, the largest shopping centre in “The Garden City”.

New supermarkets, discount stores, and about 160 speciality retailers will be the coming attractions to the latest Grand Central.

QIC Global Real Estate managing director Steven Leigh said: "These new retailers will elevate the already dynamic and well-established retail offer at Grand Central which currently provides the broadest range of fashion and specialty stores to the region and the only Myer in the area, as well as Target, Coles, Birch Carroll and Coyle Cinemas, and over 140 specialty stores of which many are exclusive to the centre."

Upon completion (expected around early 2017), Grand Central, which has 46,000sq m of retail space, will be covering almost 90,000sq m with parking area also doubling to 4,000sq m.

During construction, an estimated 1500 jobs will be created and, once completed, there will be another 1000 local retail jobs up for grabs.

New alfresco and fresh food divisions along with plenty of fashion will be incorporated through this development of a global level quality retailing centre.

QIC had acquired 50% stake of Grand Central before construction in 1994, and the remaining half was purchased after its completion in 1996.