Ltr-20190925-IR Response-Noosa Marketplace_FINAL (1)

•     Secondary sector: representing 50% of the residents closer to facilities within Maroochydore
      and Kawana.
•     Tertiary sector: representing 90% of the facilities in and around Gympie and distance to competing
      facilities at Maroochydore.

On the basis of the above, the retention rate for floorspace demand within the total trade area is
estimated to be 77.4%. Additional demand will also be generated by visitors to the total trade area
which is estimated to be at 10% of the total trade area floorspace demand. The overall floorspace
demand in and out of the total trade area is concluded to be estimated over 117,000m 2 and increasing
to over 132,000m2 by the year 2031. The total supply and demand can be illustrated below in Figure
11.

Figure 11 – Total trade area projected floorspace supply and demand 2019-2031




Source: Location IQ

A gap analysis has been provided for a list of national brand large format retailers in the region. This
indicates an additional significant pool of national brand operators of interest to the proposed Noosa
Marketplace development. As concluded in the Memorandum prepared by Location IQ, the above
supplementary analysis of the supply and demand needs for Noosa Marketplace is based on the
current undersupply of large format retail.


Information Required:
      6. Please provide a revised EIA clarifying the floor space supply and demand with reference to
         the discussion above.
Response to sub-item 6:
Please refer to the response to sub-item 5.




    Ltr-20190925-IR Response-Noosa Marketplace_FINAL                                                       23