Sunshine Plaza

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Sunshine Plaza is a large shopping centre located in Maroochydore in the Sunshine Coast area of Queensland, with major stores and supermarkets including Coles, Woolworths, Myer, Kmart, Target, and Birch Carroll & Coyle cinemas, as well as another 250 individual shops. It is managed by Lend Lease.[1]

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[edit] History

Previously a shopping centre called "The Sands", Sunshine Plaza started as a redevelopment of this centre and began trading in 1994. It now has 62,000 m² of net lettable area with major tenants including Myer, Target, Kmart and Birch Carroll & Coyle.[2]. A recent expansion included the addition of a Woolworths supermarket, a new leisure and restaurant precinct, and the expansion of the Birch Carroll & Coyle cinema complex was completed in 2002.[3]

In early 2005 it was announced that Westfield will take a 25 percent stake in Sunshine Plaza[2] with clearance from the ACCC[4]. The General Property Trust wanted to sell its stake, but joint owners Lend Lease (through APPF Retail) had argued that they had exercised their pre-emptive rights over the centre, which gave them the rights to buy any part that GPT wants to sell before anyone else can buy it.[5]

[edit] See also

[edit] References

  1. ^ Development application approved for Sunshine Plaza retrieved 27 January 2007
  2. ^ a b Westfield announces acquisition of GPT shopping centres, Westfield Group, retrieved 27 January 2007.
  3. ^ Sunshine Plaza - GPT Group retrieved 27 January 2007
  4. ^ Australian Competition and Consumer Commission ACCC not to oppose Westfield acquisitions retrieved 27 January 2007
  5. ^ GPT Wrangle over Sunshine Plaza, AAP, retrieved 27 January 2007

[edit] External links