"Over trading" to end
Friday, 29th April, 2011
By Kurtis Eichler
As work on the city's new shopping complex continues at a pace, developer Leasecorp said the centre would have no impact on shops in the CBD.
But managing director Steve Palyga said it would put a stop to the "monopoly" that Woolworths and Big W have over local shoppers.
"A typically well performing supermarket would bring in about $30 million per annum," Mr Palyga said.
"The Woolworths at the Centro there, are making more than $50 million per annum.
"It's over trading to blazes."
While the Coles store is expected to put a dent in Woolworths' profits, Mr Palyga said City Council commissioned an independent report which found the new shopping centre would not impact on specialty shops in the CBD.
He said 94 per cent of the 16 available spots for both specialty and anchor stores in the new centre had been leased out to businesses inlcuding Coles, Cheap as Chips and a full-line Target store.
Mr Palyga said there was also a kiosk available for a key cutter or fast food store.
However locals may have to wait longer than expected to walk the aisles of the new complex, as earth works to remove tough rock has pushed the working schedule back by a couple of weeks.
"If we open after Easter 2012, it'll be a few weeks after Easter," he told the BDT.
The shopping centre, to be located on the Globe Timber Mill site, would also include "ample" parking according to Mr Palyga, which would also include shade sails for sun and heat protection.
Mr Palyga said the shade sails were appearing in country areas across the country, and were designed to not interfere with customer parking.