1st October 2015
The FKG Group has started work on the $140million-plus ‘Town Square Redbank Plains’ sub regional shopping centre redevelopment, with a sod turning ceremony held today to celebrate the milestone.
FKG Group will manage the design and construction of the seven-hectare shopping precinct – in Redbank Plains Rd, about 12km south-east of the Ipswich CBD – on behalf of developers Alceon and Capital Transactions.
FKG Group Manager – Construction, Geoff Dunnett said the focus of the $65million contract would be the centre’s major expansion into the adjacent vacant site as well as the integration of the smaller, existing centre.
The centre’s current anchor tenant Woolworths will undergo a store expansion and will be joined by Aldi, Coles and Target along with 60 specialty stores, expected to open in December next year.
“We will be extending the current Woolworths, relocating existing tenants, and building 1,200 carparks. Once completed the centre will be about 27,000m2. That’s almost five times its current size,” said Mr Dunnett.
FKG Group’s retail development experience includes their 2014 Queensland Master Builders award-winning work on the $10million Logan Village Woolworths project.
Other projects include the $17million Everton Park Retail Centre, which opened last year and the $30million Homeworld Bulky Goods Centre at Helensvale, which the group completed in 2008.
Ipswich City Council Mayor Paul Pisasale said the Redbank Plains project was a coup for the region.
“We are experiencing major population growth in the eastern suburbs and need to be able to meet community needs with infrastructure, shopping precincts and amenities.
“Council welcomes investment in the city, particularly as it shows great confidence in the areas long-term economic viability,” said Cr Pisasale.
Capital Transactions and Alceon purchased the centre, along with the adjacent undeveloped land for $27 million in September 2013.
Alceon Director Todd Pepper said, “With the rapid expansion of the primary catchment, this development will support the future retail needs of the area, in a format that is easily accessible from all directions.”
David Watson, Director of Capital Transactions added that, “The design of the centre is unique and provides easy and direct access with car parking directly available to each retailer within the centre.
“The design has also been future proofed, with provisions in place for a possible further expansion as the population grows,” Mr Watson said.