Everything about Sunshine Plaza totally explained
Sunshine Plaza is a large shopping centre located in
Maroochydore in the
Sunshine Coast area of
Queensland, with major stores and supermarkets including
Coles,
Woolworths,
Myer,
Kmart,
Target, and
Birch Carroll & Coyle cinemas, as well as another 250 individual shops. It is managed by
Lend Lease.
History
Previously a shopping centre called "The Sands", Sunshine Plaza started as a redevelopment of this centre and began trading in 1994. It now has 62,000 m² of net lettable area with major tenants including Myer, Target, Kmart and Birch Carroll & Coyle.. A recent expansion included the addition of a Woolworths supermarket, a new leisure and restaurant precinct, and the expansion of the Birch Carroll & Coyle cinema complex was completed in 2002.
In early 2005 it was announced that Westfield will take a 25 percent stake in Sunshine Plaza. The
General Property Trust wanted to sell its stake, but joint owners Lend Lease (through APPF Retail) had argued that they'd exercised their pre-emptive rights over the centre, which gave them the rights to buy any part that GPT wants to sell before anyone else can buy it.
Further Information
Get more info on 'Sunshine Plaza'.
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