Woolworths and ALDI have committed to Ramlegh Springs Village neighbourhood shopping centre in Melbourne’s rapidly growing Clyde North, southeast of the CBD.
Developed by APD Projects, Ramlegh Springs Village is set to become a lively meeting place providing new amenities for the recently developed 700-lot Ramlegh Springs community.
Colliers are exclusively managing the retail leasing campaign for the future 9,050 square metre NLA neighbourhood shopping centre, which, apart from a full-line Woolworths and ALDI supermarket, will comprise 23 specialty retailers.
Colliers associate director of retail leasing, Daniel Paul said, “There has been overwhelming interest in Ramlegh Springs Village with 94% of the space already pre-committed. Demand for retail spaces within new neighbourhood shopping centres in high-growth areas have continued to increase post-COVID and snapped up years before completion.
“Neighbourhood shopping centres continue to perform strongly, driven by the growth in consumer spending on non-discretionary items such as groceries, liquor and fresh food, which are considered essential spending and remain on a rising trajectory.”
Designed by award-winning architects i2C Architects, Ramlegh Springs Village, will serve as a reimagined village square that, apart from anchor tenants Woolworths and ALDI, will house a variety of retail and commercial experiences, including cafes, beauty services, medical consulting, and a fitness centre.
APD Projects’ Director Brad Paddon said the future neighbourhood shopping centre will offer the surrounding Ramlegh Springs community an extensive selection of new retail services and amenities close to home.
“We are excited to be delivering a brand-new retail experience to our first master planned community, and with permits now approved for Ramlegh Springs Village shopping centre, we anticipate construction to commence in Q3 2024 and be open for trading early 2026,” he said.
Ramlegh Springs Village is set to provide a population that the state government forecasts will grow by 30% by 2041 from the 12,755 people currently residing in Clyde North.