$150 million shopping centre plan lodged for Kings Junction, in Salisbury South via GIC Australia
A NEXT level of retail experience will be revealed in Adelaide early next year when work is due to begin on a $150 million shopping and entertainment centre in the northern suburbs.
A NEXT level of retail experience will be revealed in Adelaide early next year when work is due to begin on a $150 million shopping and entertainment centre in the northern suburbs.
Developer Michael Vidale said Kings Junction, on the corner of Main North Road and Kings Road in Salisbury South, will be an all-in-one, 30,000 sqm family shopping and entertainment to solve the shopping needs of the Adelaide’s north and northeast.
“There will be no other centre like it. It will be the future of retail,” said the founder of GIC Australia which is behind the project.
Mr Vidale, who was behind the recent, huge Bunnings store in Munno Para and oversaw the relocation of Channel 7 to Hindmarsh a decade ago, said Kings Junction is the first of several projects he will announce within the next nine months.
A development application was lodged on Wednesday for the proposal which will see the site anchored by Coles and Kmart as well as a major cinema and other retailers Mr Vidale said. Work will begin in March 2018 pending approval and take about 18 months.
The open plan, seven day a week centre will have parking for 1300 cars and will generate more than 1300 jobs post construction with Coles and Kmart likely to generate at least 400 jobs by themselves he said. Youth employment, via the fast food, entertainment and food retailers expected on site will be a winner he suggested.
This is not the first attempt at creating a shopping complex at the site passed by 85,000 vehicles daily. Government approval was granted in 2014 for a shopping and entertainment complex — dubbed the north’s answer to Harbour Town at the time — but this is a separate and up-market offering said Mr Vidale.
An attempt by owner, and local businessman, Peter Engel to sell the vast site for around $25 million a year ago failed to materialise before GIC stepped into the breach. GIC will develop and operate the site before buying it Mr Vidale confirmed.
“Since 2014 the Kings Junction site has seen a number of proposals by developers,
that have unfortunately been unsuccessful,” he said.
“GIC Australia has been methodical in the design and planning process to develop a centre that will cater to the needs of the people. The convenience factor is so much a part of retail today and to make shopping, safer easier and less of a hassle the centre will provide for significantly wider and car bays, all at ground level and aisle widths much larger than at any other retail centre in Adelaide.”
