AUGUST 6, 2022
Wilsonton Shopping Centre expansion underway
Wilsonton Shopping Centre expansion underway
Construction has commenced on the second stage of a major $25 million redevelopment of Toowoomba’s Wilsonton Shopping Centre featuring 7-Eleven and Starbucks following the demolition of empty buildings onsite.
Wilsonton Shopping Centre is owned by a Trust, managed by CVS Lane, in conjunction with our partner Consolidated Properties Group.
Approval was granted in in July for operational works, paving the way for construction to start on the corner site at Bridge Street (Warrego Highway) and Richmond Drive.
The second stage adds 2163sq m of floorspace to the centre and includes anchors 7-Eleven service station and a drive-through Starbucks as well as a modern 24-hour car wash facility. The second stage is expected to progress quickly once in-ground and civil works are completed on site.
CVS Lane bought the centre in 2018 and immediately launched a $20 million upgrade, which included an outdoor dining precinct and improvements to the mall and centre façade.
The Shopping Centre, dual anchored by Coles and Woolworths supermarkets, is 91% occupied with a broad defensive tenancy mix. (At August 2022)
Subscribe
For the latest CVS LANE news and investment opportunities.