Business

Stockland revamp has been boost to economy

The official opening of Stockland Shopping Centre, Hervey Bay. CEO Mark Steinert, Mayor Gerard O'Connell and Stockland commercial property CEO John Schroder cut the ribbon.
The official opening of Stockland Shopping Centre, Hervey Bay. CEO Mark Steinert, Mayor Gerard O'Connell and Stockland commercial property CEO John Schroder cut the ribbon. Valerie Horton

SINCE opening its new doors on July 10 last year, Stockland Hervey Bay has provided about 1400 people with jobs, the company's chief executive announced at a ribbon-cutting ceremony to celebrate the revamp.

Visits to the $125 million shopping centre were up 40% since the majority of construction and redevelopment work was completed in December, Stockland chief executive Mark Steinert said.

Mr Steinert officially opened the centre on Wednesday and said investing so much money and developing the centre was worth the risk.

"When you put $125 million into anything it's a risk," he said.

"But we looked at the opportunities and what was not here and it was pretty clear that we needed it here and to expand the centre and double its size in December.

"This is now the largest centre between Rockhampton and Maroochydore."

Fraser Coast Mayor Gerard O'Connell said this was the biggest retail development the region had seen.

"A project of this size shows the confidence that developers like Stockland have in the Fraser Coast and is a clear sign that we are moving forward," he said.

Stockland

  • Stockland Hervey Bay is now larger than 36,000 sq m and has 1680 car parking spaces

 

Topics:  hervey bay, official opening, shopping centre, stockland hervey bay



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