GOLD COAST DEVELOPMENT: $30m REVAMP & EXPANSION OF EARLE PLAZA SHOPPING CENTRE

A GIANT nine-screen cinema will be at the heart of a $30 million redevelopment of an ageing Gold Coast shopping centre.

Geon Property, on behalf of Cinemark, will today submit plans to the Gold Coast City Council to revamp and expand the Earle Plaza complex at Nerang and transform it into a modern shopping mecca.

Read the full article here.

PROJECT UPDATE: GREEN LIGHT FOR ALBION EXCHANGE

For those of you who missed the fanfare earlier this year, we are excited to share that Stage One of Albion Exchange has received development approval from Brisbane City Council. The entire Geon team is delighted with the news, and pleased we are one step closer to bringing this city-shaping project to life.

We are truly passionate about Albion Exchange, and confident it will provide much needed transport, retail, accommodation and lifestyle upgrades to the area. As Albion locals ourselves, we are looking forward to seeing this vibrant inner-city suburb come into its own.

Development Manager Tim Rossberg recently shared details of the final design, including the precinct’s commitment to green and open spaces, improvements made to pedestrian, bicycle and vehicle access, and upgrades to the Albion Train Station. You can read more about the final design here.

We would like to thank those who have supported this project, as well as those who have engaged with us throughout the approvals process – the many local residents, neighbouring businesses and contemporaries across the property industry.

For now, it’s back to work for team Geon. We are currently undertaking final negotiations with Council and will then be looking to confirm more tenancies across the precinct. We’ll be sure to keep you in the loop with future updates throughout the year.

PROPERTY MANAGEMENT PORTFOLIO CONTINUES TO GROW

2019 saw Geon undertake a renewed focus on its Property Management & Leasing, with the company adding four new properties to its management portfolio – taking the total to over 60,000 square metres of space and 200+ tenants under management. This year we’re looking towards continued growth – for both retail and commercial assets across South-East Queensland and Townsville.

We are pleased to announce that we have recently added Vincent Market Place, a modern neighbourhood centre in Townsville’s western suburbs, to our growing management portfolio. Vincent Market Place is anchored by a Woolworths supermarket, and also offers complementary retailers including a post office, newsagency, tobacconist and bottle shop to its bustling local market.