HomeCo Roselands poised to undergo $100 million redevelopment

HomeCo Roselands shopping centre in NSW will soon undergo a major redevelopment, with investment reported to exceed $100 million.

The shopping centre has lodged a development application (DA) with Canterbury‑Bankstown City Council, setting the foundation for a major redevelopment and marking a “significant milestone” in its next chapter.

Central to the proposal is the introduction of a new 16,000sqm global supermarket operator, an expanded mix of national and international retailers designed to enhance customer choice, and an elevated overall retail experience.

The redevelopment also includes a full re‑imagining of the large‑format space that will become available following Myer’s recently announced exit from the centre. 

To further improve accessibility and ease of movement, the project also proposes upgrading the intersection at Roselands Drive and Roselands Avenue and installing a new roundabout, designed to relieve congestion and improve traffic flow.

The centre did not state it in its official release, but industry sources say the total redevelopment could exceed $100 million. The transformation is expected to generate around 200 direct construction jobs and more than 350 retail jobs post completion.

“Roselands has always been a place where the community has come together to create memories, which this redevelopment aims to strengthen. The centre celebrated its 60th birthday late last year,” said Sid Sharma, MD of real estate at HMC Capital.

“There are many Sydney residents, including myself, who have fond memories of and a connection to Roselands. Our goal is to ensure that the same spirit of Roselands is preserved, and will continue to serve the community for another 60 years and beyond.”

The centre will continue to trade as normal throughout the DA process, with no anticipated immediate impacts on day‑to‑day operations for customers or retailers. 

HomeCo Roselands is owned and managed as a partnership between a subsidiary of HMC Capital and JY Group, where HomeCo Daily Needs REIT is a minority investor.