News

Stockland stores pull pin citing rent hikes as reason

STOCKLAND Gladstone celebrated its newest store opening on Thursday, but the eastside redevelopment hasn't been great for all businesses.

Two businesses will close on Friday and Saturday, with both saying increased rent was their main reasoning.

But Stockland Gladstone said it wouldn't be appropriate to discuss tenants' personal situations.

The closure of Wendy's will put 10 staff out of work, while the Wide Bay banking branch staff who wanted to stay were accommodated with positions at another branch.

Wendy's franchise manager Kaylee Hance said her staff weren't as fortunate.

"We've been here for four years and they're upping the rent again.

"We've known about the increase for a few months," she said, but they were waiting to see if they could renegotiate.

Ms Hance said it became unfeasible in the end, along with the addition of other food outlets providing similar products.

Wide Bay Australia Central Queensland regional manager Matthew Dunnill said following the shopping centre extension, the Wide Bay Kin Kora branch had been boxed into a dark corridor, while the rent had been "significantly" increased.

"We would like to have stayed in the Kin Kora area, and I know they're doing a refurbishment on the other side so we'll look at opportunities there across the way," he said.

"But nothing else ideally that suited us there."

He said it was disappointing for customers, but Wide Bay still had branches on Goondoon St in the CBD, which has been recently renovated, and at Tannum Sands.

A statement from Stockland said: "When tenants decide to move out of the centre there are often a number of factors involved. It wouldn't be appropriate for us to discuss any individual tenant's personal situation."

Stockland has earlier reported the $160 million redevelopment of the Coles, Target and Kmart complex will begin in October.

The three-year, three-staged development will bring a full line Coles, Kmart and Target as well as two mini-majors, 10 cafe and food retailers, four restaurants and 101 specialty stores.

Stockland has always reported it would not begin to build until the Kin Kora roundabout development was sorted, which will begin after July following funding commitments from both the state and federal governments.

The Gladstone Regional Council approved the project last year.

The new centre will see the Stockland complex extend to 45,000sq m of space, with up to 160 stores in total.

Councillors are hoping the new development will stop locals leaving Gladstone to shop.

Topics:  business, shopping, stockland gladstone, wendys




Boxers prepare for Gladstone Amateur Boxing Club's Main Event Fight Night

FULL SWING: Gladstone Amateur Boxing Club captain Rhys Evans will fight in the main event against Sunshine Coast boxer Luke Martin.

Boxers have been training the house down for months

VIDEO: Zac Beers back in Seagulls strip

GEARED UP: Tannum Seagulls club president Zac Beers will be running straight and hard at Norths Chargers on Saturday.

Zac Beers is back in the Seagulls line up

Car driver killed in horror crash with truck in Gladstone

A driver had died in a crash on Hanson Rd.

A blanket was laid over the car at the scene of a horror crash.

Latest deals and offers

Thy Art Is Murder are killing it

See Thy Art is Murder on their killer tour happening right now. Photo Contributed

We talk with Thy Art is Murder about touring, babies, and new music

Date announced for Prince tribute concert

A Prince tribute concert will take place later this year

Matt Damon is taking a break from acting

Matt Damon is taking a break to spend time with his family

Police foiled terrifying 1m plot to kidnap Katie Price

Police foiled a £1 million plot to kidnap Katie Price and her family

Kristen Bell's baby confession

Kristen Bell once pretended to be asleep when her baby woke up early

Babylon 5's Jerry Doyle has died

Jerry Doyle has died from unknown causes at the age of 60

You can own this Queensland town for just $1

Yelarbon

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

72-year-old Coast developer set to start new project

GREEN LIGHT: The Cosmopolitan has been approved for development at Cotton Tree.

Meet the Canberran set to deliver another chapter for Coast suburb

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley

The climb is slow but property on the way up

Michael Matusik, director of Matusik Property Insights.Photo Allan Reinikka / The Morning Bulletin

The improvement would be mild when compared to past cycles