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Commercial and Industrial : Winter Edition 2008
view all our listings online www.mmj.com.au Winter Edition_2008 Page 1 A note from the Sales Department It’s no secret that the recent ICAC enquiry has seen Wollongong go through its most tumultuous period in recent times. However, blue skies are on the horizon, with a major city centre overhaul and other key developments, set to put Wollongong back on the map for all the right reasons. The GPT Group’s 300 million dollar expansion of the Wollongong Central Shopping Centre is set to explode into action later this year pending final approval. The biggest overhaul of the city centre since the Crown Gateway which opened way back in 1986, will see the existing centre transform from 39,000m 2 into a 69,000m 2 retail mecca. An eight screen cinema, supermarket, foodcourt and numerous specialty shops will be linked to the existing Wollongong Central via bridge and tunnel. Overall the expansion of Wollongong Central is likely to create approximately 6,000 jobs throughout the region with over 1,000 direct jobs created during construction and nearly 900 in the day to day operation of the centre. In addition to this, the Eastern precinct of the city centre is set to receive a major boost with the approval of Belmorgan’s Gravity development expected soon. With a total retail/commercial floor space in the vicinity of 25,000m 2 as well as a 5-star Hotel, Gravity has already attracted high calibre tenants such as Target, Coles and first Choice Liquor. Further to the exciting commercial/retail transformation of the Wollongong City Centre, the Illawarra region as a whole will also benefit from the following key developments; • $200 million expansion of Stockland Shellharbour • Shellharbour Marina project (the centrepiece of the $1.5 billion Shellcove Residential and Tourism development.) • The continued upgrade of the Illawarra Regional Airport at Albion Park These projects and many more, mean that our home turf is only becoming increasingly attractive for developers and investors from a local, interstate, national and international point of view. Tim Jones Commercial & Industrial Sales “Blue skies are on the horizon, with a major city centre overhaul and other key developments, set to put Wollongong back on the map for all the right reasons.”
Summer Edition 2008
Spring Edition 2008