Stockland Rockhampton

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Stockland Rockhampton
Stockland Rockhampton
Facts and statistics
Location Rockhampton, Queensland, Australia
Coordinates 23°21′20″S 150°31′20″E / -23.3556, 150.5221
Owner Stockland
No. of stores and services 220 (after redevelopment)
No. of anchor tenants 7
Total retail floor area 53,459 m² (575,428 sq ft)
Parking 3,100 Bays
No. of floors 1
Website stockland.com.au
Footnotes
Information from Stockland. [1]

Stockland Rockhampton is a major shopping centre, located on Bruce Highway in North Rockhampton, a suburb of Rockhampton.

Contents

[edit] History and development

The centre was originally known as Rockhampton Shopping Fair, and was built in two stages, the first opening in 1985 and the second in 1988. It was acquired by Schroders Property Fund along with two other Queensland shopping centres in January 1992,[2] and in March 1996, following a redevelopment focused on the theme "Where The Outback Meets The Reef", the centre won a Certificate of Merit in the International Council of Shopping Centers' 1996 Design Awards Competition.[3] At the time of AMP Asset Management's acquisition of the centre in August 1999, it had a floor area of 36,137 square metres (388,975 sq ft) and was valued at AUD $99 million.[4][5]

A internal refurbishment costing AUD $3 million was completed in late 2001 by Byvan, which included a new centre court design, new seating, a new Customer Services desk and new floors through the complex. The food court was revamped in 2002.[6]

In 2003, property development company Stockland acquired the centre, after selling its Stockland City Centre complex to the JF Meridian Trust.[7] In 2004, following the centre's rebranding as "Stockland Rockhampton", it won the Property Council of Australia's Queensland Shopping Centre of the Year award in the 30,000-50,000 sqm category, with centre management, financial performance, marketing campaigns, operational factors, leasing and community involvement all being cited as reasons considered by the judges.[8] It had been a runner-up for the same award in 1999.[9]

[edit] Redevelopment

Development approval was granted in October 2006 to incorporate the neighbouring Kmart Plaza into the main centre, and construction has commenced.[1] The redevelopment is expected to cost AUD $100 million and will add approximately 75 specialty stores. Renovations to Kmart Plaza are expected to be completed in September 2009, with completion of the integration is also expected in September 2009.

Annual turnover at the centre for 2007 was $254.9 m AUD, with a book value of $174.0 m.[1]

[edit] Transport

The centre is located at the corner of Bruce Highway and Yaamba Road, and is reachable via several suburban bus routes offered by Capricorn Sunbus.[10] and Young's Buses. [11]

[edit] Facilities

Stockland is a fully enclosed, single-level regional shopping centre occupying a site of 8.81 hectares. It accommodates seven majors, over 220 specialty shops (after redevelopment), a six screen cinema complex and a swimming pool. Two-thirds of the car parking is undercover and accessed by travelators.

[edit] Major retailers

Major retailers within the centre include:

[edit] Major food restaurants

Major food restaurants outside of the centre include:

[edit] References

  1. ^ a b c Stockland (30 June 2007). Stockland Property Portfolio, 44. Retrieved on 2007-12-12. 
  2. ^ Dun & Bradstreet. "Jobson's Mining Year Book - Schroders Property Fund (D-U-N-S No: 75-100-7469)", 1 October 1999. 
  3. ^ Schroders Property Fund. "Major International Award For Rockhampton Shopping Fair QLD (Part A)", Australian Stock Exchange, 27 March 1996. 
  4. ^ "AMP builds top spot $112m Schroders buy-out", Inside Retailing, 30 August 1999, p. 1. 
  5. ^ Schroders Property Fund. "Achieves $37.4M rise in valuations", Australian Stock Exchange, 31 March 1999. 
  6. ^ "Byvan completes refurbishment of Rockhampton Shopping Fair", Inside Retailing, 10 December 2001. 
  7. ^ "Stockland Sale, Queensland", Inside Retailing, 15 December 2003. 
  8. ^ "Rebranding pays dividends for centre", Inside Retailing, 11 October 2004. 
    * Property Council of Australia (1 October 2004). Sunshine Plaza Named Queensland’s Shopping Centre of the Year. Retrieved on 2007-12-12.
  9. ^ "Garden City takes top shopping award", The Courier-Mail, 8 December 1999, p. 25. 
  10. ^ Sunbus. Capricorn Sunbus - Rockhampton, Queensland, Australia. Retrieved on 2007-12-12.
  11. ^ Young's. Young's Buses - Rockhampton, Queensland, Australia. Retrieved on 2007-12-12.

[edit] External links