Shopping centre owner and manager, JMK Retail, have an existing portfolio of successful neighbourhood shopping centres in the region. JMK Retail General Manager Vicki Leavy said “Our vision for Yamanto Central is a modern, family friendly, vibrant shopping and lifestyle destination. A true community hub offering something for the whole family.” On completion the shopping centre will be the largest in the catchment and will serve an increasing population and employment base.
Located at the southern gateway to Ipswich, Yamanto Central is being developed on a greenfield site in a high growth area, the Queensland Government has forecast that over the next 10 year period the Ipswich Local Government Area (LGA) will elevate to become the fastest growing regions in Queensland increasing at 5.25% per annum which is almost double the population growth rate of the next fastest growing LGA (QLD State Government). The rising population in the region has seen an increase in the construction of new residential dwellings particularly to the north and east of the centre.
Duncan McAndrew QLD State Manager for principal contractor Mainbrace, said construction activity at Yamanto Central has been progressing as planned. It will ramp up further over the coming weeks and months, with the on-site team growing to around 200 workers by year’s end.
“Over the next few weeks, Mainbrace will complete the bored piers, high-level foundations, blockwork retaining walls and in-ground services. Ground slabs will then start to the basement carpark,” Mr McAndrew said.
“By mid-year, we anticipate bulk earthworks and sub-grade preparation works to the new ‘Main Street’ will start to take shape and the on-grade carpark to be complete, and the suspended slabs for the new retail levels will be underway.
“The size and scale of the new centre will become apparent in the second half of the year when the precast panels and structural steelwork are erected. At this stage, locals will notice the structure rising from the ground and be able to visually appreciate what’s coming.
“We are pleased to have assembled a highly skilled team including local trades from across the Ipswich region,” Mr McAndrew said.
Development and leasing partner, DMA Partners, has secured major tenants Coles and Kmart for the three-level 20,000sqm sub-regional shopping centre. “We are excited to deliver much needed retail amenity to the young families and broader community living in this rapidly growing region,” said Senior Leasing Executive Ewen Burg.
“The tenancy mix also includes learn-to-swim facility Rackley Swimming along with high quality health, wellbeing and medical services. The focus of our leasing strategy is on ensuring that we deliver not only quality retail brands and services that meet everyday shopping and lifestyle needs, but through precincts such as the casual outdoor dining area with playscape, we will provide unique dining options in an architecturally designed space where the community can eat, drink, relax and socialise.”
Yamanto Central Shopping Centre development is set to cost over $100 million and is targeting completion early 2021 subject to inclement weather conditions.