WA-based Primewest has unveiled plans for its long-awaited expansion of the Centrepoint Shopping Centre in Bunbury south of Perth.

An active investor in the state’s south-west for many years, Primewest has owned the Centrepoint centre since 1995 and five years ago bought the ageing Stirling Centre – a smaller shopping centre that adjoins Centrepoint - with a view to one day consolidating the sites.

At a glance:

• Property fund manager Primewest to push ahead with Bunbury shopping centre expansion next year
• Expansion of Centrepoint Shopping Centre will provide seven to 10 new tenancies
• Further development may incorporate office, hotel, medical or aged accommodation

Primewest director John Bond said that consolidation was now under way with stage one of the project expected to provide an additional seven to 10 new tenancies to Centrepoint by extending the existing mall to replace the old Stirling Centre.

He said further stages would see even more retail space added to the site and potentially some further development incorporating office, hotel, medical or aged accommodation.

“There are a number of options to further develop this landmark site for the benefit of Bunbury and south-west residents, but for now we are pursuing the first stage of retail expansion due for completion by late 2020 or early 2021,” Bond said.

“We have worked through many variations of our plans over recent years and are confident we’re now onto a winning design for not only the centre, but for the Bunbury CBD.”

Bond said the old Stirling Centre would cease to exist once the redevelopment was underway and that the new mall extension would feature a range of tenants, some already familiar to Bunbury shoppers while others will be new to the area.

“Primewest has always been a strong believer in Bunbury and the south-west and we are looking forward to making Centrepoint the biggest and best shopping centre in regional WA,” Bond said.

Primewest manages one of Australia’s most successful property fund operations, with more than $4 billion in assets.

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