Sales boost for Border centres

RETAIL sales in three Albury-Wodonga shopping centres reached more than $290 million last year.

New figures published for Lavington Square, the Albury centre and Wodonga Plaza indicate last year’s sales were $116 million, $92.5 million and $85 million.

All the centres are owned by the Federation Centres, the new name for the Centro property group that operates 57 shopping centres valued at $4.3 billion across Australia.

Lavington Square is by far the largest of the Border trio, with a Big W department store, Woolworths supermarket, Aldi supermarket, 54 speciality shops and parking for 1036 cars.

It has 20,240 square metres of space for lease, making it 15 per cent larger than Wodonga Plaza.

The Wodonga centre is anchored by a large Target store and Coles and Woolworths supermarkets and has 44 other shops, parking for 636 cars and 17,587 square metres of space for lease.

Kmart is the key tenant of the 15,834 square metres Albury centre in Kiewa Street, which also has a Coles supermarket and 47 other tenants.

Its undercover parking for 600 cars is one of the largest in the city.

The statistics for the individual centres are published online in Federation Centres’ report on its portfolios.

All three Border centres were also revalued at the end of last year.

Lavington is said to be worth $116 million.

Wodonga Plaza is valued at $92.5 million and the Albury centre $85 million.

Birallee Village, which the Centro group sold to another group for $11.7 million in 2011, is not in the report.