Property development firm Stockland has selected Brookfield Multiplex as the preferred contractor for the $125m redevelopment of the Stockland Wetherill Park shopping centre in south-west Sydney, Australia.
Designed by the Australian architecture firm Crone Partners, Stockland Wetherill Park is located on a 12ha site, 35km away from the Sydney Central Business District.
As per the deal, Brookfield Multiplex will build an extension to add 15,944m² of retail space on the existing complex, bringing the total leasable space to more than 62,400m², with an additional 704-space car park.
Brookfield will construct six new mini major tenancies including JB Hi-Fi, Rebel Sport and Fit n Fast gym in the new extension, which will feature 96 retail stores and a 680-seat food hall.
The deal will also see Brookfield relocate the existing medical centre and upgrade the Hoyts Cinema, Reject Shop and various other speciality retail facilities.
Sustainable features of the project include high-efficiency air conditioning systems, low-usage water equipment and fixtures and solar cells to generate electricity.
Stockland expects to obtain Five Star Green Star Certified Design and As Built Rating for the shopping centre.
Brookfield said the design and development of the project is currently subject to Stockland Board approval.
Construction of the overall redevelopment will be carried out in eight separate stages and is expected to be completed by late 2015.
Brookfield Multiplex NSW regional managing director David Ghannoum said the contract will extend the relationship between both firms.
"We have forged a strong relationship in recent years having been involved in the redevelopment of Stockland Merrylands, completed in October last year, as well as Stockland Shellharbour which we’re set to handover mid this year," Ghannoum said.
Image: The redevelopment of Stockland Wetherill Park shopping centre is expected to be completed by late 2015. Photo: Brookfield Multiplex.