Ratanga Junction will close its doors next year in May 2018. After 18 years, a new “vibrant, mixed-use precinct” is set to be part of the redevelopment, according to the Rabie Property Group.
In recent years, the facility has proved to be an unprofitable venture with low public demand, expensive maintenance, high runnning costs and ageing equipment all contributing to the closure.
Redevelopment planning is still in the early stages however, director of Rabie Property Group, John Chapman says the redevelopment will “embrace the existing canals, island, and public open space, and include residential apartments, offices, hotels, restaurants and convenience retail”.
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