Lend Lease : Work begins on $240 million Macarthur Square redevelopment

Sydney, 1 September 2015: Work has begun on the $240 million redevelopment of Macarthur Square, which will reinforce the shopping centre's position as the largest in south west Sydney.

The redevelopment will transform Macarthur Square, adding 16,000 square metres to significantly increase its retail, fresh food and dining offering.

The centre will include a next generation David Jones, which will undergo a complete refurbishment, a new 4,500 square metre full line Coles, a new 1,500 square metre full line Aldi, an expanded and refurbished Target, a fully refurbished Woolworths, a new 2,500 square metre full line Harris Scarfe as well as approximately 550 new car spaces.

The retail experience will be further enhanced with the introduction of approximately 45 specialty stores as well as a fresh food market hall and a collection of new dining offers adjacent to a spacious dining terrace.

Lendlease Head of Retail, Gary Horwitz, said the redevelopment will strengthen the position of Macarthur Square by extending an already diversified retail mix.

"Lendlease and GPT Group founder Dick Dusseldorp had a vision for the Macarthur region when, in 1979, he opened the doors of a newly built shopping centre to provide luxury and convenience right on the community's doorstep.

"Today I am proud we are continuing his vision and giving back to a community that has shown the centre so much loyalty.

"The redevelopment will also stimulate the local economy, boosting employment and offering further opportunities to retailers," Mr Horwitz said.

It is estimated that the redevelopment will generate more than 2,000 jobs during construction and approximately 1,000 additional retail positions once the project is complete.

Construction is expected to take approximately two years, with the main extension complete prior to Christmas 2016. Lendlease's Building business will design, project manage and construct the project.

"Lendlease has an outstanding track record in retail delivery. In particular, it has extensive experience in managing construction work so that shopping centres can operate safely and maintain trade," Mr Horwitz said.

Macarthur Square is jointly owned by the Lendlease managed Australian Prime Property Fund Retail (APPF Retail) and the GPT Wholesale Shopping Centre Fund,managed by The GPT Group.

ENDS

For further information, please contact:
Samantha Murray
NSW/ACT Communications Manager
02 9392 4777
M +61 407 898 724

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