24 June 2015

Media Release

Stockland today announced plans to create a new $6.6 million, 250-seat dining precinct at Stockland Rockhampton, appropriately named ‘The Terrace’.

The new precinct at Stockland Rockhampton will bring together a tantalising range of international foods and flavours, offering customers a new place to meet, eat, and socialise with family and friends.

Construction of The Terrace will commence on Monday 6 July 2015, with completion scheduled for early 2016. The new precinct will create an all-weather indoor and outdoor casual dining area of approximately 1,300 square metres. It will involve a minor reconfiguration of the current centre, from the NAB entrance to Mathers, to create the new dining terrace.

Stockland Rockhampton Shopping Centre will remain fully operational during the entire six-month redevelopment program, with all work carefully scheduled and coordinated to minimise disruption to customers and retailers.

John Schroder, Group Executive and CEO of Commercial Property at Stockland,said: “Stockland has been part of the Rockhampton community for more than a decade. We invested more than $126 million in 2009 to create the largest shopping centre between Maroochydore and Mackay; and we are excited to invest again in this thriving area of Queensland.

Upon completion, ‘The Terrace’ will become a destination in its own right, featuring several exciting new food eateries with all-weather seating for alfresco and after hours dining all year round. The northern aspect of the dining precinct will take full advantage of natural light and the design will be complimented by a warm colour palette creating a resort-style dining sanctuary. Over time, luscious planter boxes and mature green walls will further enhance the visual amenity.

Improved pedestrian connectivity to car parking and aesthetic improvements to the northern entrance of the centre will also be completed as part of the project.

Stockland Centre Manager, Nathanial Barbagallo said: “We are excited to offer our customers a new, first class dining experience at Stockland Rockhampton. ‘The Terrace’ will offer our customers a greater variety of casual dining choices where friends and family can enjoy a relaxing lunch in-between shopping or catch up for dinner before seeing the latest movie.”

Stockland is currently undergoing leasing activity for the development with strong interest from national franchise groups seeking new local franchisees.

Nathanial Barbagallo continues: “We are taking the time to make sure the mix of retailers for ‘The Terrace’ dining precinct complements our existing retailers. We will always focus on finding the right mix of tenants to make sure the centre is a positive trading environment for all.”

“Our leasing activity is already well-underway and we’ve seen a very strong response from national and state based retailers eager to capitalise on this unique opportunity. We are also encouraging locals and small businesses to submit their interest to be a apart of this exciting new development at Stockland Rockhampton.”

Stockland estimates that the $6.6 million development of ‘The Terrace’ will create more than 30 local construction jobs and 50 new, long-term retail employment opportunities, once The Terrace development is complete.

“Rockhampton is an ‘engine room’ for Queensland, with a high-level of local
infrastructure and a well-diversified regional economy. The area is also
experiencing strong growth in tourism and an influx of Australians moving to the
area, with the population predicted to reach a total of 178,522 people by 2036*.
Our $6.6 million investment is a clear vote of confidence in the future of this region,
and forms part of the $3.7 billion we have currently invested in the State.”

Notes to editor:
* http://www.capricornenterprise.com.au/economic-development/reports/facts-figures/

About Stockland Rockhampton

  • Stockland Rockhampton is the largest shopping centre between Maroochydore and Mackay and includes Woolworths, Coles, Kmart, Big W, 11 mini major and 168 specialty shops.
  • The centre also includes an extensive mix of national and local retailers plus a Birch Carroll and Coyle Cinemas, Sizzler, Jetts Fitness Centre, a swim school and medical centre.
  • A $6.6 million development will commence in July 2015 offering a new alfresco casual dining precinct to the centre.

For media enquiries
Monique Jones
Media Relations Consultant
Stockland
T +61 (0)2 9035 3435
M +61 (0)438 995 791
Greg Spears
Senior Manager
Media Relations
Stockland
T +61 (0)2 9035 3263
M +61 (0)406 315 014