Lend Lease Group
(ASX:LLC) said it has begun the $240 million redevelopment of the Macarthur Square Shopping Centre in south west Sydney.
The redevelopment will add significant shopping space to the centre with over 45 new speciality stores and the addition of a fresh food market hall.
The will also be a complete refurbishment of David Jones, Coles, Aldi and Target stores in the centre.
The upgrade is expected to generate 2000 jobs during its construction and around 1,000 extra retail positions once complete.
Lend Lease reported a net profit of $618.9 million for the 2015 financial year.
