Fortius Funds Management has announced a multi-million-dollar refurbishment program of the Albany Creek Village. The project promises to “deliver exciting new era for the well-established community centre.”
Anchored by a Coles Supermarket, The Centre first opened in 1988 and underwent an initial major refurbishment in 2001. It houses more than 30 specialty retail shops, 500 plus car spaces, and approximately 100 covered by shade sails.
Fortius Funds Management rebranded the Centre to the original name “Albany Creek Village”, reaffirming the community and convenience basis in which the Center was founded.
“This carefully planned refurbishment program is designed to reinvigorate Albany Creek Village and reaffirm its position as the trade area’s number one convenience shopping destination,” Fortius Senior Asset Manager, Renaud Herington said.
Designed by Hames Sharley, a Brisbane-based architectural firm, internal works will include upgrades to the flooring, ceiling, and lighting. Other works include a new seating pods and extensive internal landscaping and ambience works.
External improvements will include a new Centre facade treatment, external tenancy signage package, new lighting, flooring, and landscaping works. There will be a new pylon signage and entry signage as part of the centre’s new branding.
The redevelopment will bring new service, and food and beverage tenants into the existing tenancy mix. The outdoor landscaping promises a respite area for shoppers who wish to relax while completing their shopping at the Centre.
Founded in 1991, Fortius currently owns and manages Australian real estate totalling $1.4 billion. Fortius’ recent project include the Newcastle’s Junction Fair Shopping Centre restoration. Fortius Funds Management purchased the Albany Creek property for $55.8 million from Charter Hall.
“The co-ordinated capital works and leasing program will allow Albany Creek Village to fully capitalise on its prominent location, ease of access and proximity to local schools and services, and to fully meet all the convenience shopping needs of the fast-growing Albany Creek community.”
“We are looking forward to completion of works and the centre delivering a wide range of convenience and lifestyle benefits for our valued customers and retailers,” concludes Mr Herington.
The Albany Creek Village refurbishment program commenced last August 2018 and is expected to be completed by November 2018.
700-710 Albany Creek Rd, Albany Creek QLD 4035, Australia