Golden Grove, Adelaide’s new retail precinct due for 2015 completion

Golden Grove, Adelaide’s new retail precinct due for 2015 completion
Golden Grove, Adelaide’s new retail precinct due for 2015 completion

A new shopping centre in Golden Grove is set to be completed in March 2015, providing an early opportunity for retailers.

Called The Stables Shopping Centre, the anchor tenant is a 3,884 square metre Woolworths supermarket, and there will be 15 speciality shops, including two kiosks, and 260 car parking spaces.

Located on the corner site at Golden Grove and Crouch Roads, it will cover 1,600 square metres of speciality shops. A Chemmart pharmacy has committed to the centre, and the other tenants are expected to be fresh food stores, take away outlets and retail services.

Knight Frank retail leasing executive Russell Iles is currently pre-leasing the centre, noting that it will provide employment opportunities for local residents and is near growing new residential estates.

“There has been strong interest with the Woolworths anchor tenancy secured, as well as national retailer Chemmart,” said Iles.

He noted that the stores and kiosks range from 40 square metres to 135 square metres.

“Since the commencement of construction, there has been strong interest from both local and national franchise chains for establishing a presence in this growing area that are looking for franchisees to take on the new stores. The centre will suit tenants ranging from fresh food and takeaway outlets through to retail services,” he said.

The shopping centre is some time in the making, with Adelaide Now reporting last year that the plans had been approved – some eight years after they were first announced. They note that childcare and a medical centre are also expected for the site.

Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

Tags: 
New Developments Adelaide Retail

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