The new Craigieburn Junction shopping centre, in Melbourne’s northern suburbs, opened to the public last month, but will be officially opened this weekend by local mayor Carly Moore.
PGIM Real Estate, a global investment business listed on the New York Stock Exchange, developed the new centre with Oreana Property Group.
In a statement, PGIM said that events are planned at the centre for both Saturday, 20, and Sunday, 21 July, to mark the official opening.
The centre has more than 30,000 square metres of retail floor space, and combines general grocery and service outlets as well as a childcare and a medical centre, with a large format retail component.
According to Craigieburn Junction’s Facebook page, the centre also has more than 600 parking spaces.
Among the tenants at the shopping centre are Caltex, which operates an on-site service station, 40 Winks, Autobarn, Bed Shed, Fernwood Fitness, Freedom, Nick Scali, Pet Barn and Super Cheap Auto.
Other retailers that have been listed as taking space in the centre include Beacon Lighting, Betta Home Living, The Cheesecake Shop and FreshPlus Supermarkets.
“We are thrilled to help bring such a strong line-up of brands to Craigieburn and the wider Hume area, which is benefitting from very strong population growth and government infrastructure,” PGIM’s managing director and head of Australia, Steve Bulloch, said.
“We believe the centre’s mix of high-quality homewares, combined with a significant level of non-discretionary lifestyle and food and beverage tenants, convenient access and parking, will all underpin its performance.”
Oreana’s managing director, Steven Sass, said the shopping centre is part of its strategy to bring essential services to buyers and tenants of its residential developments.
The Australian property developer has also been involved with Findon Village in Wollert and a small suburban shopping centre in Greenvale, as well as mixed-use developments in Pakenham, Cranbourne and Frankston, its website states, in addition to larger-scale residential developments in those and nearby suburbs of Melbourne.
PGIM, meanwhile, has operations in North America, Europe, the Middle East and Asia, in addition to its local presence in Australia.