MELBOURNE: Cedar Woods has extended the tenure of its $30 million finance facility for the Williams Landing Shopping Centre at Williams Landing, Melbourne.

The Williams Landing Shopping Centre opened in December 2014, comprising a Woolworths supermarket, 21 specialty stores and 1,800 square metres of office space and was further expanded in 2017 with a 106-place childcare facility and around 1.200 square metres of additional ground floor retail space.

The finance facility is provided by Bankwest, a division of Commonwealth Bank of Australia, and extends the previous facility by a further three years to June 2023, with competitive pricing.

Together with the company’s $205 million corporate facility, which comprises a blend of 3 and 5-year terms, this further enhances Cedar Woods’ security of funding.

Cedar Woods Properties is a national property developer of high-quality residential communities and commercial developments. Established in 1987 and listed on the Australian Stock Exchange in 1994, it has grown to become one of Australia’s leading property companies with a portfolio diversified by geography, price point and product type.