An expressions of interest campaign has been launched for the sale of the Truganina Central Shopping Centre development site.
The 2.2 hectare site, on Woods Road, has a permit for a retail centre development of up to 8000 square metres including a Coles supermarket, a Liquorland and a range of specialty shops.
Developer ID_Land has launched the expressions of interest process, with CBRE appointed to conduct the campaign.
A press release about the EOI process said that the Truganina Central Shopping Centre, once constructed, would “cater to significant forecast population growth in the immediate area, with Truganina emerging as one of Victoria’s fastest growing suburbs underpinned by a range of surrounding developments from groups such as Stockland and Villawood”.
CBRE’s Justin Dowers said Coles had pre-committed to a 15-year lease at the Truganina site.
“The mixed use and residential development potential of the surrounding land will be highly beneficial for supermarket trade, and the presence of Coles will also enhance the appeal of the residential product to be developed on the balance of the estate,” he said.
“There has been growing buyer demand for this style of product,” Mr Dowers said.
ID_Land is building the Elements estate in Truganina, which will comprise about 1600 residential lots.