In December last year, Toowong Village announced a ten-year lease deal with Woolworths Supermarket, to open for trade in late 2022. Further lease deals are currently being discussed, with the Leasing team reaching out to specifically look at enhancing the food offering for the centre.
Woolworths will take more than 4,000m2 on Gallery level of Toowong Village, with site works underway. This will be teamed with Fresco Asian Supermarket on Level 1.
The changes will complement the already strong performing Coles supermarket and ground floor fresh food precinct, and is a strategic move to enhance the direction of the retailer mix, meeting customers’ needs and expectations.
Toowong Village is owned by YFG Shopping Centres and managed by Retail First.
Retail First Managing Director, Steven Bridges said that this has been welcome news for traditional Woolworths’ shoppers in the Toowong catchment, and positions Toowong Village as a specialty and fresh food hub.
“Woolworths and Fresco Supermarket, together with additional bespoke fresh food offerings, is a positive outcome and demonstrates industry confidence in Toowong Village,” he said. “Exciting leasing opportunities are available now for food retail and fresh food options, and our Leasing team would be keen to chat about what Toowong Village can offer.”
The changes will coincide with travelator upgrades and works across the three-level shopping centre, with the new travelator installation from Basement level to Ground already complete.
Bridges said that the new retailers and ongoing upgrades of Toowong Village enable the shopping centre to remain ‘current’ and meet the wants and needs of the evolving customer demographics.
“The changes enable Toowong Village to progress in line with customer expectations, together with the suburb’s growth in high density living, the planned Town Centre mixed-use development opposite Toowong Village, and the Council’s proposed Green Bridge from West End.”
Bridges said that Retail First and YFG Shopping Centres look forward to making further announcements for Toowong Village as they become finalised.
Toowong Village will remain open during the changes and all efforts will be made to ensure disruption to shoppers and current retailers is kept to a minimum.