| Location | Capalaba, Queensland, Australia |
|---|---|
| Opening date | 1984 |
| Management | Dexus Property Group |
| Owner | Yu Feng |
| No. of stores and services | 95 |
| Total retail floor area | 36,601 m2 (lettable) |
| Parking | 1,665 |
| No. of floors | 1 |
| Website | Capalaba Central |
Capalaba Central is a regional shopping centre located 25km south-east of Brisbane in the suburb of Capalaba in Queensland, Australia. With a lettable area of 36,601 m2, the center is anchored by a number of major outlets, including Woolworths, Coles, Big W and Birch, Carroll and Coyle cinemas, in addition to over 95 specialty stores including Homeart. Car parking is available for up to 1,665 vehicles, with approximately a third undercover. Currently, the centre is owned by Dexus Property Group, and is undergoing a major redevelopment.[1]
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The Capalaba Central Shopping Centre was opened in 1994 after being developed by the Leda Property Group. They subsequently sold the center to MPEC Australia for $77.5 million, who then invested an additional $15 million expanding the property. In 1997, Shin Yen Pty Ltd, a Taiwanese investment company, entered into negotiations with MPEC to purchase the centre, reportedly offering $82.5 million. Negotiations broke down, but in February 1998 MPEC were forced to sell off most of their Australian assets. Shin Yen were then able to purchase the property for $73.3 million.[2] However, Shin Yen only retained the centre until 1999,[3] when it was sold once more – this time for a sum of $85 million.[4] Capalaba Central is currently owned by the Dexus Property Group.[1]
During 2008, the Capalaba Central Shopping Centre underwent a $50 million redevelopment. The redevelopment added another undercover carparking area as well as the space for Harvey Norman and the relocation of the Cinema entrance. [5]
The shopping centre is served by several bus routes via the Capalaba Bus Interchange, from which the center is a two minute walk. In addition, the Cleveland railway line stops at the nearby Birkdale railway station from which it is possible to catch a bus to the interchange. The center also provides parking for 1,665 cars, along with bike racks and a taxi rank.[6]
In recent months local media outlets (Notably the Bayside Bulletin Newspaper) have reported on the number of youths that loiter around the center on a Thursday evening during and after late night shopping. The local police are monitoring this situation to make sure it does not get out of hand and local shop keepers are kept happy. Contracted Security Personnel from the shopping center have confirmed roving gangs are out of control after dark, but that they are powerless to act without further police assistance.