Stockland aims to capture escape spend, keep dollars here
THE new Stockland development will stop millions of dollars from leaving the Fraser Coast economy while generating hundreds of jobs for local people, centre manager Paul Kelsey says.
Mr Kelsey said the centre was proud to be bringing new stores to the region to broaden Hervey Bay's retail appeal.
"As a direct result of our redevelopment, we'll generate around 600 equivalent full-time jobs, on completion, and we're aiming to recapture some of the estimated $200 million worth of escape expenditure, which is currently being spent down the road in places like Bundaberg, Maryborough and the Sunshine Coast," Mr Kelsey said.
"As one of Australia's largest regional shopping centre owners and operators, we work closely with the best national and international retailers, and we're proud that our redevelopment has so far helped to attract 24 retail brands that will be completely new to the Hervey Bay region.
"We're in final leasing negotiations and we hope to release a full list of our new retail tenants very soon."