OSK Property said the deal with the supermarket giant paves way for its consumers to have access to major retail amenities and also support the inner city hub’s rapidly growing population.
Woolworths’ state property manager Brad Karge said there was high demand from residents living in Melbourne’s Southbank to have access to a full-line supermarket.
“From fresh fruit and vegetables to a large range of grocery items at great prices, those living in the area will be able to pick up all their shopping essentials, without needing to travel too far,” he said.
Woolies will span approximately 3,800 square metres across two levels, with 120 retail car parking spaces. According to OSK, as Melbourne ‘sprouts vertically,’ major retail destinations across multiple levels are likely to become the way of the future in inner-city locations.
Executive chairman of Malaysian developer OSK Property, Tan Sri Ong Leong Huat, said Woolworths would deliver critical amenity to the inner-city suburb that is experiencing rapid population growth.
“Southbank’s population is expected to exceed 50,000 by 2036, which is 174 per cent higher than the current population,” he said. “It is essential that the community is able to access basic everyday amenity so that the area’s expanding population can be adequately accommodated.”
The supermarket is set to open in late 2020, the same time Melbourne Square will be completed. Woolworths is the first major retail announcement for the property’s mixed-used development, which will consist of 15,000 square metres of amenity across multiple levels. Stage one includes 6,000 square metres of retail space and will feature shopping, dining and cafe facilities in a European-inspired, piazza-style setting.