stockland builds market resilience in slowing residential market

Stockland has also commenced work on its $33 million Baringa Shopping Centre development, the first of a number of shopping centres planned for its $5 billion Aura community on the Sunshine Coast.

The new centre will be anchored by a 2,000sq m Supa IGA, as well as 13 specialty retailers, 300 car spaces, and commercial offices, scheduled for completion mid-2019.

“Our vision is to create one of the best neighbourhood shopping centres in the state, offering customers a fantastic shopping experience with a go-to shopping destination tailored for their everyday convenience needs,” Stockland commercial property chief executive Louise Mason said.

Plans are also in place for for a medical centre, swim school and family-friendly tavern.

Baringa benefits from a strong trade area, with its population projected to grow at an average annual rate of 9.3 per cent to 30,000 by 2021.

“Stockland Baringa is positioned in a prime location within Baringa, the first suburb of Aura, servicing not only our Baringa residents but also the surrounding Bellvista and Bells Reach communities,” Mason said.

It is projected that over the next 30 years, Aura will be home to around 50,000 people across 20,000 new homes, provided by Stockland.

The masterplanned community will be the largest ever undertaken in Australia under single ownership, stretching across 24 square kilometres in Caloundra South on the Sunshine Coast.

It will include also two business parks, 10 sporting grounds, 25 community facilities, 20 schools, 700 hectares of conservation and park areas and 200km of cycle ways and walking paths.

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