$400m Stockland Merrylands redevelopment sparks commercial property investment
The $400 million redevelopment of a major western Sydney shopping centre is likely to attract more ...
The $400 million redevelopment of a major western Sydney shopping centre is likely to attract more commercial property investment into the region with more retail opportunities a by-product of the project.
Announcing the next stage of works on the Stockland Merrylands development last week (October 4), state premier and minister for western Sydney Barry O'Farrell said the multimillion-dollar project will bolster employment levels in the region.
"Investments like this deliver local jobs for the people of western Sydney - jobs in the construction phase and ongoing retail jobs," Mr O'Farrell explained.
"The 2,000 jobs created by this project will have flow-on economic benefits for the whole community."
Investors looking for a commercial retail property investment may be interested in the shopping centre development, which, on completion, will comprise several major department stores and more than 200 speciality stores.
Located in the growing region of western Sydney, commercial investments in the area are likely to be a lucrative purchase, with prime retail real estate in-demand.
Spanning 59,000 sq m, the completed complex will also comprise a 3,000 space car park, a fresh food precinct and "my funland" kids play area.