Lend Lease Chosen for $329M Retail Renovation

NEWCASTLE, AUSTRALIA-Bovis Lend Lease was awarded a contract to undertake a A$344-million ($329.1 million) expansion and renovation of Charlestown Square. The firm is expanding the GPT Group-owned asset by just over 441,000 sf, bringing it to 958,000 sf.

Work began on the property in January, and the firms expect to complete the expansion by the end of 2010. Charlestown, currently at three levels, is anchored by a Big W grocery store and Myer and Target department stores.

Besides adding to the project’s retail offerings, GPT and Lend Lease will construct a lawn-bowling facility, football fields, a youth center and a childcare venue.