This article is from the Australian Property Journal archive
SUPERMARKET giant Woolworths has signed a 20 year lease at Central Park in Sydney, a new development by Frasers Property Australia and Sekisui House Australia.
Woolworths has committed to 2,000 sqm of space and the supermarket will be located on the ‘Global Grocer’ level at the five storey centre. The retailer will undertake the retail fitout itself.
Central is being developed in joint venture between Frasers and Sekisui House. Central is the retail hub of Central Park, a new community now under construction on the old Carlton United Brewery site on Broadway in Sydney’s southern CBD.
Colliers’ director of retail leasing Hilton Hedley said securing Woolworths is testament to the strength of the development to attract quality retailers.
“We are currently speaking with numerous other parties to take up the balance of the retail space,” Hedley said.
A local population of 3,500 residents and 5,000 workers is expected within Central Park itself, with approximately 135,000 students and staff from UTS, University of Notre Dame, University of Sydney and TAFE campuses located within a short walk of the centre.
When completed, the 5.8 ha mixed-use Central Park project will comprise approximately 2,000 apartments, a hotel and a 70,000 sqm commercial office campus.
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