Today marks a significant milestone for the Sunshine Coast’s Aura master-planned community, with the announcement of an expansive 18,000sqm large format retail precinct, set to redefine shopping and lifestyle options in the area and to create up to 100 new local jobs during construction and over 200 permanent and casual jobs on completion.
The Aura Home + Life project, will be delivered thanks to a $65m investment by Canberra-based Capital Property Group and will cater to the community’s growing needs by offering a diverse range of home and lifestyle tenants, including electrical goods, furniture, pet supplies, homewares, automotive and recreational products.
Capital Property Group’s Head of Property, Richard Snow, said the project offers the opportunity for the group to continue its investment in the Sunshine Coast by providing a high-quality retail offering for the community of Aura, Caloundra and the hinterland towns west of the Bruce Highway.
“With the Sunshine Coast’s population set to exceed 540,000 by 2046*, we see significant potential to invest in the region by providing key amenities to support the growing needs of the population in the decades ahead,” said Mr Snow.
“We are excited to be at the forefront of this growth and to contribute to creating a thriving, future-focused community.
“Aura Home + Life will generate approximately 100 jobs during construction and 200 after completion and will be a best-in-class large format retail precinct with a convenient and easily accessible layout.”
Capital Property Group is a family-owned company with a 40-year history in commercial and retail development and is an investor, alongside Stockland, in the broader Aura residential development.
Stockland Aura Project Director, Josh Sondergeld said Aura Home + Life was an exciting and welcomed addition to the master-planned community.
“This new home and lifestyle hub will bring together a vibrant mix of home and lifestyle retailers to keep our residents and the community well connected to everything they need, while also creating local jobs and driving economic growth within Aura,” said Mr Sondergeld.
“We’re pleased to be working with our partners to deliver this precinct which reflects our commitment to building vibrant communities where people can live, work and play.”
Aura Home + Life comprises 12 to 16 retail tenancies, ranging from 350sqm to 5,000sqm, as well as up to two food and beverage outlets and 400 car parks. Occupying the prime location on the corner of Graf Drive and Aura Boulevard, adjacent to the Aura Business Park, the site offers easy access to the Bells Creek Arterial Road and Bruce Highway.
Construction is expected to commence in early 2025, with completion and stores open for trading in early to mid-2026.
More information on Aura Home + Life can be found at: www.aurahomelife.com.au. Leasing enquiries can be directed to Damian Crocetti, Transact Capital by email to: damian@transactcapital.com.au or by phone on 0406 534 830.
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*Source: Sunshine Coast Council – “Population Growth Infographic”.
About Capital Property Group
Capital Property Group is a Canberra-based, family-owned company with a 40-year history in commercial, residential, and retail development. The company currently owns and manages Canberra Airport, after purchasing the airport from the Commonwealth Government in 1998, Capital Property Group has invested over $2 billion transforming it into a thriving precinct which includes the new domestic and international terminal and award winning commercial and retail precinct. Capital Property Group is also responsible for Canberra residential master planned community Denman Prospect and Constitution Place, a $300 million commercial development in the heart of Canberra City. Capital Property Group is an equity partner in the broader Aura master-planned community with Stockland.
Media contact: Maya Gurry, Fresh PR & Marketing T: 0410 109 102 E: maya@freshprm.com.au
