Village Green

Village Green (formerly Waterford Plaza) is situated on the corner of Manning Road and Kent Street in Karawara and is adjacent Curtin University which has over 60,000 staff and students in attendance.

The Centre boasts a refurbished Coles Supermarket and one of Australia’s most impressive and award winning supermarkets, Supa IGA Waterford. These are supported by a 650m² Reject Shop and a Priceline Pharmacy of over 420m².

Lease Equity were engaged as Development Managers, Property Managers and Leasing Agents for the redevelopment and extension of the Centre. Lease Equity’s role as Development Agent has included undertaking the development feasibility and negotiating on the Landlord’s behalf all commercial contracts including architectural, building, town planning and other consultative contracts.

The role is extended to acquisitions of adjoining land in order to facilitate the Shopping Centre redevelopment and negotiations with all tenants including the supermarket tenant.

This was an extremely difficult project based upon the constricted site and its configuration, together with substantial negotiations being required pursuant to the Coles Supermarket lease.

The Centre consistently achieves rental levels and lease commitments from retailers generally considered far superior to those at other Centres of this size in the Western Australian shopping centre market.

During the feasibility implementation stage, the Centre remained fully leased notwithstanding the substantial deterioration of the built environment.

Lease Equity is now involved in the Centre’s current multi-million-dollar High Street redevelopment project which will deliver a vibrant mix of cafes, restaurants and outdoor dining, landscaped spaces and interactive art.