May 20 2021 -
Arndale Shopping Centre Nearing Completion Following $15m Refurb
Springwood local treasure, the Arndale Shopping Centre, is nearing completion following a $15 million refurbishment program. The upgrades to the 45-year-old shopping precinct have provided a much-needed cash injection into the local economy as well as over 200 newly created jobs.
Brisbane-based developer, Consolidated Properties Group, purchased the centre in late 2019 for $35.5 million with Queensland construction company, Hutchinson Builders, carrying out the comprehensive aesthetic upgrades. This included an upgrade to the four mall entries, a revitalisation of the existing façade and upgrades to the internal mall and services within the centre.
Consolidated Properties Group CEO & Chairman, Don O’Rorke, said a further boost would come in the coming months with the unveiling of a number of significant new tenancies to the shopping centre.
“We have several new tenancies on the horizon that we’re sure the local community will embrace and be really excited about.
“The centre, anchored by Coles and supported by 44 specialty stores, is producing approximately $65 million per annum in revenue which is great news for local business,” said O’Rorke.
Springwood MP Mick de Brenni said Arndale’s refurbishment was proof Queensland’s economic recovery was in full swing.
“As a born and bred local, I’ve seen much of our business district age, and after 45 years, Arndale was certainly due for refurbishment,” Mr de Brenni said.
“I want to ensure that our community plays its role in Queensland’s economic recovery, and Consolidated Properties’ investment is very much proof that Springwood is bouncing back better.
“It’s fundamentally why I campaigned for the extension of the busway to Springwood and M1 upgrades, to deliver a new flow of consumers and the services they need, to the area.”
The last remaining tenancies are now leasing, please contact Rob Clifton on 0407 500 325 for more information.