FourFour Two AUSTRALIA’s largest mall is closing down and the city is preparing to lose a major retail centre.
Key points:The Galleria mall in the south of Sydney’s CBD will close at the end of March and the state’s largest shopping centre will shut downThe closure comes amid plans to redevelop the shopping centre into a hotel and restaurant spaceThe mall will remain open until the end, and some staff will remain, the state government has saidThe mall, which opened in 2002, is the city’s largest single employer.
Its closure is likely to leave a massive dent in the city, which has struggled to attract businesses to the area.
The mall is the biggest employer in the central Sydney suburb of Brunswick.
It employs around 5,000 people.
It has been in the same location for more than a century.
It is the second mall in Sydney to close in recent years.
Last year, the Galleries Mall, in Brunswick, was shut down by the state.
It had been operating under the brand name Stamps Mall, which was a brand name owned by Stamps Foods.
It was expected to reopen in 2019.
The state has been working to redevelop this shopping centre, which is home to a range of businesses including a clothing boutique and the local cafe, into a mixed-use hotel and restaurants space.
In recent months, it has been reported the mall’s former tenants have agreed to sell to a private developer.
The closure of the Gallery Mall comes as the state moves to redevelop a major shopping centre.
The NSW Government has agreed to give the redevelopment firm, New York-based Bionic Properties, an opportunity to redevelop Stamps Plaza, a major industrial building in the suburb.
It will be known as Stamps Central.
The Government has also agreed to pay $15 million to help the redevelopers get the building up to code.
The redevelopment firm will then be given the green light to begin building.
This means that, by the end and after March 31, 2021, the mall will close.
The Mall, located on a small hill overlooking Brunswick, has seen a number of major changes in the past decade.
A number of businesses have moved to Brunswick and the mall has also seen a big jump in visitors.
A new shopping centre was unveiled in 2008, but in 2011, the city decided to redevelop it into a new hotel and dining precinct.
The Galleries has been the city centre’s most visible tenant for many years.
The city has spent $7.5 million to redevelop its shopping centre in 2015, and $20 million to refurbish it in 2018.
Topics:retail,business-economics-and-finance,labor,scotland-4380,bendings-4370,dubbo-4350First posted March 16, 2020 10:58:16Contact Adrian LeeMore stories from New South Wales