Momentum continues to build at Aura Home + Life with the large format retail precinct confirming an impressive mix of additional national retailers and good construction progress ahead of the $80 million centre’s opening later this year.
Developed by Capital Property Group, the 20,000sqm home and lifestyle centre is now 85 per cent leased, with national brands Rebel, The Good Guys, Pillow Talk, Supercheap Auto, Beacon and Petstock joining previously announced tenants Spotlight, Anaconda and Harris Scarfe.
Capital Property Group Head of Property Richard Snow said construction was advancing steadily as the retail mix continues to strengthen.
“The Sunshine Coast is one of Australia’s fastest growing regions, with around 8,000 new residents arriving each year[1] and Aura itself now home to approximately 16,000 people,” Mr Snow said.
“Interest in Aura Home + Life has been strong, with national retailers recognising the scale of opportunity at Aura and moving early to secure their place in this rapidly growing community. Recent research forecasts large format retail spending in the catchment to grow by $722m over the next 13 years.[2]
“With only two tenancies remaining for lease ‒ at 770sqm and 1,280sqm ‒ we’re seeing strong demand from retailers wanting to be part of the precinct.
“Projects like this are about planning for the long term, and with the future heavy rail connection from Brisbane set to improve connectivity into Aura, we see this precinct becoming an important retail destination for the southern Sunshine Coast.
Aura Home + Life will include more than 12 large-format retail tenancies ranging from 350sqm to 5,000sqm, along with food and beverage offerings, creating a diverse mix of home, lifestyle and specialty retailers.
The project represents a significant retail investment within the broader Aura master-planned community, which continues to evolve as one of Australia’s fastest-growing residential developments.
Mr Snow said construction is progressing well, with the roof steel now complete across all areas and shopfront glazing approximately 85 per cent complete.
“Over the next month, all glazing and roofing will be completed, allowing further progression of services installation and internal works across the centre,” Mr Snow said.
“We are also seeing internal lessor fit-out works underway for several of the major tenancies as the precinct begins to take shape ahead of opening in September this year.”
Aura Home + Life will provide around 400 car parks and is located adjacent to the Aura Business Park on the corner of Graf Drive and Aura Boulevard ‒ providing easy access to the Bells Creek Arterial Road and Bruce Highway. More information on Aura Home + Life can be found at aurahomelife.com.au and leasing enquiries can be directed to Damian Crocetti, Transact Capital at damian@transactcapital.com.au or 0406 534 830.
[1] https://els.sunshinecoast.qld.gov.au/planning-for-the-future/population-growth
[2] Deep End Services Demographic report – 20 June 2024
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 as well as other commercial, residential, retail and rural assets in ACT, NSQ and QLD. 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
