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Australia’s First K-Mart Centre to Double in Size

German discount supermarket chain Aldi will lease the 2,981 square metre supermarket space currently occupied by Coles. K-Mart, which occupies about 8,444 square metres of space and trades 24-hours a day, will not relocate.
Mr Chiodo confirmed the extension and renovation will start early next year.
The K-Mart Plaza is between Colonial First State’s 57,138 square metre Forest Hill Chase Shopping Centre, and Centro’s 62,830 square metre The Glen, in Glen Waverley. 
After the extension, K-Mart Plaza will be substantially bigger than the nearby Vermont South Shopping Centre, and the Burwood Heights Shopping Centre. K-Mart Plaza is controlled by a consortium of private investors, and Pomeroy, which paid $13.3 million for the centre in 1992.

About Marc Pallisco

Marc is a leading Real Estate freelance writer, author and analyst. He is also the founder for and is also employed as lead property writer for The Age. He currently resides in Melbourne, Victoria.

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