South City Square has just announced Woolworths and Reading Entertainment as their anchor retail tenants, providing residential buyers with lifestyle bonuses.“LIFESTYLE amenity” is the new catchcry of apartment living, with developers looking at all avenues to draw buyers.The $600 million South City Square in Woolloongabba has just announced its two anchor retail tenants, Woolworths and Reading Entertainment as its first residents get ready to move into stage one “One South City” next month, with 95 per cent of the 398 apartments released to market to date, already sold.A joint venture between Pellicano and Perri Projects, the mega development is set to deliver 850 apartments, 144-room hotel and 13,000sq m of retail space including a medical centre, health and wellness precinct, childcare centre, central marketplace, cafes, restaurants and all set around a 5,000sq m publicly accessible city square.Pellicano development operations manager Michael Kent said the Brisbane market was evolving and astute investors and owner occupiers were looking for a more integrated offering.“Lifestyle amenity is important to today’s discerning buyer,” Kent said.“At South City Square, we are finding that people are buying into the vision of the integrated lifestyle precinct and then choosing their perfect residence.“The market has responded to this fully integrated offering and the chance to be a part of a newand vibrant community, with all their lifestyle and entertainment needs met just below theirhomes.”More from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours agoSouth City Square retail outlets.Kent said the modern lifestyle was incredibly busy, so supermarkets with Click and Collect, like Woolworths would be offering, was a huge drawcard for tenants.“Cafes where people can grab their morning coffee before jumping on their train to work or where they can enjoy a leisurely weekend breakfast while reading the paper add depth to precincts,” he said.Kent said securing Woolworths and Reading Entertainment as tenants reaffirmed their belief as developers that South City Square would be the centre of Woolloongabba’s transformation into a dynamic retail and lifestyle precinct.With both retailers signing 15 year leases and Urbis forecasting the suburbs catchment population to grow by 50 per cent to more than 33,000 by 2036, things are looking positive for the project.“South City Square’s retail and dining precinct is located just a three-minute walk from The Gabba, which draws over 330,000 people to its sporting events each year,” Kent said.“That’s 330,000 people that will want to dine, be entertained, and patronise retailers before and after events.”Woolworth’s regional property manager Phillip Reel, said the company was thrilled to secure one of the key retail tenancies as the growing population indicated clear demand for a full-line supermarket.
BARCELONA are suing former player Neymar for 8.5 million euros (£7.8M) over his world record move to Paris St-Germain PSG)The Brazil international made the 222 million euro (£200M) move to the French club in August after buying out his contract.Barcelona now want him to return a renewal bonus he was paid when he signed a new five-year deal just nine months before forcing through the move.“The club demands the player return the already paid sum as he has not completed his contract,” it said.As well as the 8.5 million euro bonus, the club wants “an additional 10% because of delayed payment”.The statement continued: “The club also requests Paris St-Germain take on responsibility for the payment of these fees if the player cannot do so himself.”The lawsuit was submitted on August 11 to the Labour Tribunal in Barcelona.Following the transfer, Barcelona announced the club was withholding a further 26 million euro (£M) loyalty bonus from the player.Neymar criticised the directors of the club on Sunday after scoring twice on his home debut for PSG in a 6-2 win over Toulouse.“I spent four beautiful years there and parted happy,” said the 25-year-old. “But with (the board), no.“For me, they are not the people who should be there, for the direction of Barca. Barca deserve much better.(BBC Sport).