The redevelopment is set to be completed in two stages, with the first stage due for completion at the end of the year and the second stage in mid-2015.
It will see the Gross Lettable Area (GLA) rise from 7000sq m to about 29,500sq m.
The existing Coles will be expanded and a Woolworths and Kmart will be added, along with two mini-majors and around 75 new specialty retailers, taking the centre to a total of 95 speciality stores.
There will also be a new 275-seat indoor and outdoor dining terrace and 1400 parking spaces.
Stockland managing director Mark Steinert said the Baldivis shopping centre was one of the group’s most productive centres, a key component in Stockland’s growth strategy.
‘At Baldivis, we’ll create a first-class retail destination alongside our Settlers Hills residential community and Affinity retirement living village for the benefit and convenience of our residents and visitors to the region,’ Mr Steinert said.
The centre will continue to trade through redevelopment and expansion, with Stockland vowing to work closely with the builder to minimise disruptions to trade.
Stockland CEO of commercial property John Schroder said the project would create hundreds of jobs in the construction and retail centres and inject millions of dollars into the local economy.
‘Over the next 18 months, we’ll transform the neighbourhood centre that exists today into the area’s premier shopping centre destination,’ Mr Schroder said.