Construction commences on Merrifield City retail centre
The sod has been turned and work has commenced on Merrifield City, a retail-led town centre for Victoria’s largest mixed-use master planned community, Merrifield.
The joint venture between QIC GRE and Merrifield developers – MAB Corporation and Gibson Property Corporation sits at the heart of Merrifield.
It is a 900-hectare, master planned community located in Mickleham, Merrifield City where retail spending for the growth corridor is also projected to rise substantially to circa $2.7 billion by 2036.
Mr Stubbings said QIC GRE’s partnership with MAB Corporation and GPC was established in 2014 when QIC GRE acquired a 50% stake in the greenfield site, as well as development and management rights.
He said, “once complete, Merrifield will be home to over 8,000 dwellings and, with a dedicated business park, create more than 30,000 jobs.
“The first stage of the vision for Merrifield City will be dynamic and convenience-based, focused on food and essential offers that service people day and night, as well as introduce the region’s first supermarket, Coles.”
“It will incorporate 6,700 sqm of retail space comprising Coles, two mini-majors and 19 speciality retailers, as well as an at-grade car park for 350 vehicles and a kid’s play zone.”
MAB Corporation Managing Director, Andrew Buxton, said with stage one works already underway, Merrifield City is expected to open its doors to the community in late-2020.
Originally published in Property Observer 10 December 2019.