$6.5 Million Upgrade Of Botany Fashion Precinct

Media Release June 2011

$6.5 Million Upgrade Of Botany Fashion Precinct

Botany Town Centre has announced that it is embarking on a $6.5 million project to develop its Fountain Lane North precinct, in a move that is attracting new leading fashion retailers and will allow the centre to further expand its diverse offer over time.

Senior Centre Manager Jennifer Andrews says, “The project is a substantial investment by the AMP Capital Property Portfolio fund and demonstrates a significant measure of confidence by our owner and the community during challenging economic times. It is also timely as we celebrate our 10th year of operation.

”It allows us to develop a significant and highly competitive fashion run and meet the needs of our market – for shoppers in the centre’s main trade area, it enables them to do all their fashion shopping at Botany Town Centre.”

The confirmation of the project, which began on 23rd May and is scheduled for completion by 20 October, brings additional top retailers to the centre, including Country Road (men’s, women’s, children’s fashion and homewares) and Witchery (men’s, women’s and children’s fashion). Another eight leading fashion retailers are to be announced.

Senior Marketing Manager Desiree Clark says, “The new retailers have been requested by shoppers, and the project has been developed to respond to the needs of the community and structured to ensure that there is minimal disruption to the centre while it is being completed.

“The work will result in a new fashion destination with a high-end, contemporary look and feel with plenty of natural light, plush seating and an upmarket aesthetic. It is scheduled to be completed in time for the summer retail season and is optimal as the centre and its retailers launch pre-Christmas campaigns.”

The project will add approximately 280m2 to the centre’s retail offer, and also involves roofing-in and weather-proofing; bringing shop fronts forward to improve visibility and removal of Italianate finishes and columns; raising the level of the piazza floor to resemble the Pavilions level; and upgrading and renovation of the Pavilions amenities.

Ms Andrews says, “The retail environment remains one in which the slightest edge makes a difference, and this investment represents our commitment to our ever-changing local community and to our retailers, who will reap the benefits of this new upmarket fashion destination.”

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