MKT Wilsonton had big plans for Wilsonton Shopping Centre. PPB Advisory was appointed as receiver to the ARIO trusts in June last year.
MKT Wilsonton had big plans for Wilsonton Shopping Centre. PPB Advisory was appointed as receiver to the ARIO trusts in June last year. Andrew Backhouse

REVEALED: Future of Wilsonton Shopping Centre in limbo

A $70 million vision to transform Wilsonton Shopping Centre is still only half finished, months after it was supposed to be realised.

Dozens of shops lie empty and the future of the centre is in limbo after investment fund Ario, which owned the centre, placed it into receivership in June last year.

Ario had grand plans for the centre including a cinema, Kmart department store, new retail space, a fresh food market, town square dining precinct and two new fast food outlets.

And while the $5 million stage one project linking Coles to the main body of the centre was completed in August 2015, the future of the redevelopment remains uncertain.

Retailers in 2015 evacuated a large section of shops in the middle of the shopping centre in preparation for demolition and construction works.

But today those stores remain empty with no word as to the future of the redevelopment.

On the Bridge St side of the centre, numerous businesses have closed or relocated including The Lazy Fisherman, Sunshine Kebab and Efendi's Turkish Restaurant.

The Eagle Boys store became a Pizza Hut franchise as of last week.

The former Blockbuster building is also yet to receive a new tenant.

 

VISION: An artist's impression of the redeveloped Wilsonton Shopping Centre.
VISION: An artist's impression of the redeveloped Wilsonton Shopping Centre. Andrew Backhouse

Tim Lakos, who was Ario director of development in 2015, told The Chronicle at the time stage two of the development was expected to be completed in late 2016.

The Chronicle contacted Lindsey Taylor from centre management who referred the inquiry to receiver PPB Advisory.

The receiver did not respond to requests for comment.

MKT Wilsonton's website states: "Wilsonton Shopping Centre has been redefined for a better shopping experience.

"The new look Market Square Wilsonton is open and trading."

Its Facebook page has also been active.

Long-time resident Bill Goulding said a large section of the centre was empty.

"It was all going to be ripped down, and a cinema built there," he said.

"Nothing has happened.

"All the shops are going empty here."

 

MKT Wilsonton had big plans for Wilsonton Shopping Centre. PPB Advisory was appointed as receiver to the ARIO trusts in June last year.
MKT Wilsonton had big plans for Wilsonton Shopping Centre. PPB Advisory was appointed as receiver to the ARIO trusts in June last year. Andrew Backhouse


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