Toombul Shopping Centre

2022 - 5 - 18

Hopes dashed as leases cancelled for businesses at Toombul ... (4BC)

There are reports circulating on social media that businesses at the flood-ravaged Toombul Shopping Centre have had their leases cancelled.

Brisbane's Toombul Shopping Centre retailers have leases ... (ABC News)

Centre owner Mirvac has informed some businesses that it is "impractical and undesirable to reinstate the centre" to how it was before it was inundated in ...

"After taking into account the current and potential future impacts of flooding on the site, it is impractical and undesirable to reinstate the centre to how it was prior to the flooding damage. A Mirvac spokesperson said the company had "undertaken extensive assessments to understand the full impact of the flood damage at Toombul shopping centre". He said the closure was "disappointing" and that Mirvac had left "a lot of people hanging". "We have now received an official letter from Toombul Shopping Centre in regards to the future of the centre," she said. "As a result, to provide our retailers with certainty we have taken the difficult decision to close Toombul Shopping Centre and terminate all leases," the correspondence said. Business owners have been receiving letters informing them "it is impractical and undesirable to reinstate the centre to how it was prior to the flooding damage".

Australia's largest EV fast-charging site closes as Mirvac ends ... (The Driven)

One of Australia's largest electric vehicle fast-charging locations closes for the foreseeable future as Mirvac terminates Toombul leases.

The closure of the Toombul shopping centre has proved a blow for the EV community. The future of the shopping centre is as yet unknown but the latest news suggests that it will not reopen any time in the near future. But, access was cut off because of damage to the shopping centre after unprecedented floods.

Shopping centre to remain closed after flood damage deemed too ... (Brisbane Times)

Tenants at Toombul Shopping Centre, on Brisbane's northside, have been given their marching orders after its owner decided to redevelop the site rather than ...

Provided any new buildings could be floodproof, a redevelopment could support several unit towers and spearhead a renewal of the suburb. “As a result, to provide certainty to our tenants, we have taken the difficult decision to close Toombul Shopping Centre. We are now assessing the future of the site, recognising the importance of the continued provision of retail for this local community. On Wednesday, some reported that they had received formal notification that their leases would be terminated.

Mirvac will eye major redevelopment after leases cancelled at ... (ABC News)

A redevelopment of the flood-ravaged Toombul Shopping Centre site will capitalise on its proximity to the Brisbane CBD, airport and transport links, ...

"Retail provides a lot of that community — people do their walking and meet for a coffee there, it's knowing when a JP would be there, it's the newsagent, it's the daily things people would require regularly in their weeks." "A lot of [the shoppers] will be going across to Chermside — that was evidenced the last couple of weekends when it took an hour to get out of the shopping centre." "It was one of the only shopping centres which had a lot of banks in there," he said. "It's one of those centres – it's not a Chermside, which has the car parks, has everything that opens and shuts – it was easy to get into and out of, close to a train station and buses. "Mirvac paid $228 million for that site in 2016, and the valuations of a lot of shopping centres spaces and those kind of sites have gone through the roof, even with COVID and people not going inside centres as much," Ms Michael said. "After taking into account the current and potential future impacts of flooding on the site, it is impractical and undesirable to reinstate the centre to how it was prior to the flooding damage," the statement said.

Toombul Shopping Centre's closure 'devastating for everyone', store ... (4BC)

Tenants at Toombul Shopping Centre say they're devastated the centre will not reopen after February's devastating floods.

“It’s the saddest thing that I’ve ever been involved in,” he said. “These guys have just been told ‘see you later’, which as I said, is devastating for everyone.” “There’s half a dozen or more restaurants upstairs that were basically untouched, you have the cinemas untouched, McDonalds unthoched.

Toombul Shopping Centre Won't Be Reopening as It Stood Before ... (Concrete Playground)

Toombul's future is currently being reassessed, but developer Mirvac won't reinstate the centre to how it was before the flooding damage.

If you've driven past lately, the impact of this year's flooding is obvious from the outside. Unsurprisingly, Toombul has been closed ever since that catastrophic bout of wet weather, with its future up in the air over the past few months. "Following careful consideration of a number of factors including the extent of damage, the risk of future flooding and the importance of certainty for our partners, we have made the difficult decision not to reinstate the centre to how it was prior to the flooding damage," said the company.