Croydon Central gets green light

30th November, 2014

Media Release.

PCL Prattcorp, the owner of Croydon Central shopping centre, has a million reasons to smile.

After nearly three years of consultation, planning and making applications to Local and State Governments, the company is proceeding with its plans to redevelop the shopping centre after receiving approval to do so late last year.

The multi-million dollar redevelopment will see the old shopping Centre transformed into a new and visionary retail and residential precinct for Croydon.

PCL’s COO Mr Michael Carnell said the project was a “major win” for Croydon.

The new Centre is expected to:

•    Vastly improve the centre’s retail offering for shoppers;
•    Provide enhanced convenience, style and atmosphere within the centre;
•    Create over hundreds of new permanent and construction related jobs;
•    Become one of the region’s premier, convenience-based shopping centre destinations, which will create flow-on opportunities for local retailers.

Mr Carnell said the redevelopment program is scheduled to commence in the second half of 2015.

“Work on the site will be done in stages, to ensure customers can continue to shop at the Centre while it is being redeveloped,” Mr Carnell said.

Once completed, Croydon Central will offer two supermarkets, mini majors, food, drink, commercial, mixed use and specialty tenancies for the local community.

Opportunities will also exist for expanding local medical services, improving traffic flow along Main Street and upgrading connections to the Croydon train station.

“The redevelopment has been carefully planned to minimise disruption to our customers, tenants, local residents and the community,” Mr Carnell said.

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Croydon Central Gets Green Light

“We are committed to working with the community to improve local shopping choices and make the new Croydon Central a massive success.

“We want people to continue to shop at Croydon Central during the construction program, and support our vision to create a fantastic retail, lifestyle and residential destination within the heart of the Croydon community.

Mr Carnell said the redevelopment would create local jobs and enhance local retail trading conditions.

“These employment opportunities will give the local economy an important boost and will be especially helpful for young people looking for casual or part-time employment.

“Local businesses will also benefit with retail sales forecast to dramatically increase after the redevelopment is complete, representing the community’s desire to shop locally,” Mr Carnell added.

Mr Carnell thanked Croydon Central customers and local community groups for their continued support of the project.

He also thanked Local Council and the State Government for supporting PCL and its vision for Croydon Central.

“It has taken us nearly three years to get to this point but we never lost sight of what we were trying to achieve.

“It’s now a matter of turning our vision for Croydon Central into a reality,” Mr Carnell said.

Over the coming weeks, people will be able to learn more about the redevelopment through the Centre’s website, a public display within the Centre, local letter drop and information leaflets.

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PCL Background:
PCL is an Australian family owned business. PCL is an impendent property owner, developer and investor within the commercial, retail and residential property sectors.

For further information please contact:
Richard Amos, Royce: M 0418 344 978; E