Woolworths, which buys, sells, develops and holds real estate, said it is “ready and raring to go” with plans to build a Phillip Island shopping centre if it wins Planning Panels Victoria approval.
The complex would replace the Boomerang Caravan Park, in Cowes’ Thompson Avenue.
The retail investment is designed with a 3200 square metre supermarket – which the owner will anchor – and 1500 sqm for speciality stores.
It will also contain an open-air car park and a row of shops not connected to the mall.
Boomerang closed after Easter with cabins presently being removed ahead of Woolworths settling in May (story continues below).
Also in South Gippsland, Inverloch’s Mollers Caravan Park has sold for c$8 million; it was also marketed for its potential to make way for a housing project
Last year, Hamptons Development Group was permitted to subdivide Barwon Heads’ Rondor Caravan Park as 43 residential lots.
In Portsea, Bourkscope is building dwellings on a former caravan park it bought for $2.1m in 2007.
At Torquay, former Richmond Football Club president Clinton Casey, has completed apartments and a resort on the ex-Zeally Caravan Park – a property which cost him $12.5m in 2003.