Construction has started on Arise Developments' $25 million shopping centre development in Rockingham.
Construction has started on Arise Developments' $25 million shopping centre development in Rockingham.
Designed by Hames Sharley, Rockingham Central will comprise 6,304 square metres of gross leasable area (GLA), making it the 101st largest shopping centre in the state according to Business News Data & Insights, as ranked by GLA.
Located on the corner of Read Street and Council Avenue, the centre will be anchored by The Good Guys and Anytime Fitness.
Crothers Construction and Bella Build & Design have broken ground on the project, with expected completion in July 2021.
Subiaco-based commercial property developer Arise Developments has appointed Colliers and Vend Property to leasing.
Arise development and acquisitions manager Scott Jansen said the team was now looking forward to closing out the remaining large format retail and office tenancies over the next few months.
“We have been working closely with our architects Hames Sharley and the City of Rockingham over the past few years to achieve this great outcome for our tenants and the local community,” he said.
The project is expected to create 105 jobs during construction and an estimated 298 ongoing jobs for the local economy.
Premier and Rockingham MLA Mark McGowan said developments like Rockingham Central were needed to support work opportunities as Rockingham continued to recover from the impacts of COVID-19.
“I’m pleased new construction and developments continue in Rockingham and across the state as these are the catalyst for more development opportunities that support our communities and boost the local economy,” he said.
“Once the new centre is complete there will also be a range of job opportunities for local retail workers and other staff.”
The Rockingham project adds to Arise’s existing retail portfolio, which includes its flagship project, Joondalup Square (that remains Arise owned and managed) and the Banksia Grove development, completed in 2019 and since sold to Mair Property Funds.
There are several other retail centres under construction in WA.
The largest of these is AMP Capital’s $800 million Karrinyup Shopping Centre redevelopment, which builder Multiplex is expected to complete in 2021.
Another significant project is developer Con Berbatis’s $100 million revamp of Kardinya Town Centre, with Built to officially break ground October 19 on early site works.
Pending finalisation of leasing negotiations stages 1 and 2 are expected to begin in May next year, these works including a 1,000sqm expansion of Coles, construction of a three-storey 800-bay parking deck, and new premises for fresh food retailers.
Stages 3 and 4 will deliver the dining and entertainment precinct, featuring new cinemas and residential apartments.
Dr Berbatis said a number of business operators - mainly personal services, fresh and health foods - had signed early letters of intent for tenancies within the stage 1 precinct.
“It’s great to have these businesses quickly indicate they will be coming on board and we are confident that many more will be joining them in the coming months,” Dr Berbatis said.
