 In May 2016, Armada Funds Management announced the other two stages will go ahead with the creation of over 70 stores, and over 1500 jobs.Vicinity Centre’s confirmed on 13 May 2014, that they planned to sell Arndale Central for $140 million, as part of their company restructure.A Vicinity Centre's ASX announcement on 25 September 2014, confirmed they were in talks with Armada Funds Management in relation to the sale of the centre.