A DA has been lodged with Kiama Council to extend the existing Kiama Village shopping centre to include an ALDI supermarket, additional speciality shops and a two storey carpark.
The Village is owned by ISPT, co-founded in 1994 by AustralianSuper, Cbus and HESTA and now one of Australia’s largest property fund managers.
If its application receives Council approval, the build is expected to
commence in stages in mid 2020.
ISPT National Portfolio Manager, Kate Mathewson, says, “We are delighted to have reached agreement with ALDI to open a new store at Kiama Village.
“Kiama has been eagerly awaiting an ALDI store for some time, so this should be a great outcome for the community.
“Together with Woolworths and our specialty stores, we are excited at the prospect of providing customers with an expanded retail offer, whilst the proposed car park upgrade will result in more spaces and a more convenient shopping experience for our customers.”
At time of writing, full details of the Kiama Village DA are not available, although they will shortly be on Council’s website.
The owners have had pre-lodgement meetings with Council and are hopeful that their $15 million proposal will meet a favourable outcome.
Panel to decide on Akuna St
It had long been thought that ALDI would be a tenant of Nick Daoud’s Akuna St/Mitre 10 development. However his purchase of the Council property fell through because he did not have an approved DA within a specified period.
Mr Daoud is continuing with his attempt to get his DA for the site approved by the Joint Regional Planning Panel at its hearing in Kiama on 30 October.
“We have spent so much money to get where we are it is worth following it through,” he says.
“Maybe in the future when Council decides what it wants to do we can talk again. We will be in a good position as we control the access through to Collins St.”