Super fund ISPT has sold Kiama Village shopping centre to Woolworths Ltd for an undisclosed sum.

Woolworths is proposing to submit a development application to Kiama Council in the coming months, with plans to renew and improve the shopping centre.

The redevelopment will inject more than $10 million of investment into the local area, creating 80 new jobs during construction, a full-line modern Woolworths Supermarket and online Drive Through, Pick Up facility, additional car parking for customers and an improved specialty retail area.

In making the announcement, Woolworths Regional Development Manager Tony Pratt said, “For the past 37 years our Kiama supermarket has been providing an essential and convenient shopping experience for local residents.

“We’re delighted we now have the opportunity to not only deliver a brand new modern supermarket but also a vibrant neighbourhood shopping destination that aligns to the character of the Kiama community.

“We appreciate there will be strong community interest in our proposal, which we are encouraging. While it’s early in the planning process, we’re keen to hear directly from the people of Kiama to help inform our future plans for the project.”

Woolworths says that community consultation will include phone and email communication to residents, letterbox drops and local community information sessions in the near future.

“We want to work with our customers, retailers and the community to deliver a contemporary shopping centre that the people of Kiama can be proud of," said Mr Pratt.

“We are confident we can deliver a high-quality development, with a full-line modern supermarket that meets the unique needs of the Kiama community now and well into the future.

“We look forward to engaging with the local community on our plans, ahead of lodging a development application.”

In July 2020, ISPT's DA for the $18 million redevelopment of Kiama Village being knocked back unanimously by councillors after a damning report by planning staff.