Capalaba Central Shopping Centre

infobox shopping mall
shopping_mall_name = Capalaba Central Shopping Centre


image_width =
caption =
location = Capalaba, Queensland, Australia
coordinates =
opening_date = 1984
number_of_stores = 95
floor_area = 36,601 m² (lettable)
manager = Dexus Property Group
owner = Yu Feng
parking = 1,665
floors = 1
website = [http://www.capalabacentral.com.au/default.asp?PageID=1 Capalaba Central]

Capalaba Central is a regional shopping centre located 25km south-east of Brisbane in the suburb of Capalaba in Queensland, Australia. With a lettable area of 36,601 m², the center is anchored by a number of major outlets, including Woolworths, Coles, Big W and Birch, Carroll and Coyle cinemas, in addition to over 95 specialty stores. Car parking is available for up to 1,665 vehicles, with approximatly a third undercover. Currently, the centre is owned by Dexus Property Group, and is undergoing a major redevelopment.

History

The Capalaba Central Shopping Centre was opened in 1994 after being developed by the Leda Property Group. They subsequently sold the center to MPEC Australia for $77.5 million, who then invested an additional $15 million expanding the property. In 1997, Shin Yen Pty Ltd, a Taiwanese investment company, entered into negotiations with MPEC to purchase the centre, reportedly offering $82.5 million. Negotiations broke down, but in February 1998 MPEC were forced to sell off most of their Australian assets. Shin Yen were then able to purchase the property for $73.3 million.cite news | last = Robbins | first = Matt | date = 27 February 1998 | title = No end to Shin Yen's shopping spree | work = The Australian | page = 44 ] However, Shin Yen only retained the centre until 1999,cite news | last = Wilson | first = Bob | date = 17 December 1999 | title = Retail property sales and development fuel growth | work = The Courier Mail | page = 41 ] when it was sold once more – this time for a sum of $85 million.cite news | last = Sharpe | first =Brad | date = 11 January 2002 | title = Shin Yen buys Burleigh centre | work = The Gold Coast Bulletin | page = 20 ] Capalaba Central is currently owned by the Dexus Property Group.cite web | title = Capalaba Central Shopping Centre, Capalaba | work = Dexus Property Group | url = http://www.dexus.com/Properties/Property-Page.aspx?propid=1024&ps=IDA9MCAgQU5EIHJldGFpbCA9ICd0cnVlJyA%3d&ob=IHByb3BlcnR5IEFTQyA%3d&page=1 | accessdate = 2008-10-05 ]

As of 2008 the Capalaba Central Shopping Centre is undergoing a major $50 million redevelopment, due to be completed in November.cite news | date = 18 June 2008 | title = New Coles opens its doors | work = Wynnum Herald | page = 18 ]

Transport

The shopping centre is serviced by multiple bus routes via the Capalaba Bus Interchange. From there the center is a two minute walk. In addition, the Cleveland railway line stops at the nearby Birkdale railway station, Brisbane from which it is possible to catch a bus to the interchange. The center also provides parking for 1,665 cars, along with bike racks and a taxi rank.cite web | title = getting here | work = Capalaba Central | url = http://www.capalabacentral.com.au/default.asp | accessdate = 2008-10-05 ]

References