CONSTRUCTION on Tasmania's first dedicated outlet centre, Hobart Capital Outlet + Home, is set to commence early next year, with completion expected in late 2013.
It was announced this week that the $100 million outlet centre, adjacent to Hobart International Airport, will be developed in two stages, providing a total of 57,000 square metres of retail space.
Stage 1 of the development will offer over 13,600 square metres of national and international outlet brands, as well as 13,000 square metres of bulky goods retail space. The second stage will provide a further 30,800 square metres of retail space.
The project is being undertaken by Perth-based developer Devwest and Metier has been appointed as exclusive leasing agents for the centre.
Metier's State Director, Stuart Cameron, said outlet centres in out-of-town locations that are easily accessible have proven to be extremely successful, citing examples in Perth, Gold Coast, Adelaide, Essendon, Moorabbin and Homebush.
Interim Chief Executive Officer of Hobart International Airport, Mr Rod Parry, said the project is fabulous for Tasmania and will deliver real economic benefit to the state.
"The development of Hobart Capital Outlet + Home will create approximately 300 direct jobs during the construction phase, followed by over 350 direct retail jobs in stage one and then another 350 direct retail jobs in stage two," Mr Parry said.
Also this week, Hobart International Airport announced a $20 million upgrade to its runway.
The Runway Overlay project involves a rejuvenation of the runway surface as well as significant upgrades to the lighting system.
Passenger numbers at Hobart International Airport are expected to increase from 1.9 million annually to 2.8 million by 2020.