Capalaba Central Shopping Centre

Capalaba Central Shopping Centre
Location Capalaba, Queensland, Australia
Opening date 1994
Owner Shayher
No. of stores and services 95
Total retail floor area 36,601 m2 (lettable)
No. of floors 1
Parking 1,665
Website capalabacentral.com.au

Capalaba Central is a regional shopping centre located 25 kilometres (16 mi) south-east of Brisbane in the suburb of Capalaba in Queensland, Australia. With a lettable area of 36,601m2, the centre is anchored by a number of major outlets, including Woolworths, Coles, Big W and Event 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.

History

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.[1] However, Shin Yen only retained the centre until 1999,[2] when it was sold again for a sum of $85 million.[3]

During 2008, the Capalaba Central Shopping Centre underwent a $50 million redevelopment. The redevelopment added additional undercover carparking as well as the space for Harvey Norman and the relocation of the Event Cinemas entrance.[4]

The centre was sold from Dexus Property Group to Shayher for $148.5M in 2015.[5]

Transport

The shopping centre is served by several bus routes via the Capalaba Bus Interchange, from which the centre 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 centre also provides parking for 1,665 cars, along with bike racks and a taxi rank.[6]

References

  1. Robbins, Matt (27 February 1998). "No end to Shin Yen's shopping spree". The Australian. p. 44.
  2. Wilson, Bob (17 December 1999). "Retail property sales and development fuel growth". The Courier Mail. p. 41.
  3. Sharpe, Brad (11 January 2002). "Shin Yen buys Burleigh centre". The Gold Coast Bulletin. p. 20.
  4. "New Coles opens its doors". Wynnum Herald. 18 June 2008. p. 18.
  5. ROSANNE BARRETT (2015-05-06). "Shayher grabs city mall for $148m". Australian, The/Weekend Australian/Australian Magazine, The (Australia) (Australian ed.). p. 26. Retrieved 2015-10-05.
  6. "Getting Here". Capalaba Central. Retrieved 2014-07-13.

Coordinates: 27°31′17.62″S 153°11′41.54″E / 27.5215611°S 153.1948722°E / -27.5215611; 153.1948722

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