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The building was completed on behalf of DFO's parent company Austexx by construction firm Contexx Pty Ltd in September 2008 at an approximate cost of $100 million. [4] In March 2012, the Canberra DFO was announced as being placed in receivership by its struggling parent company. [5] In 2013, it was renamed Canberra Outlet Centre (COC).
In 1997 the centre was purchased by the Austexx Group as the group's first DFO shopping centre. [18] The centre had approximately 45 stores on 8,000 square metres (86,000 sq ft). [ 19 ] Since opening, the centre has expanded to 24,715 square metres (266,030 sq ft).
The shopping centre was originally constructed as Brand Depot, a factory outlet centre in 2006 at a cost of $12.5 million. [3] Brand Depot was intended to be constructed in three stages, eventually housing up to 120 retail stores. Due to the building's proximity to Canberra Airport's main runway, the use of construction cranes was restricted.
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Sydney's Royal Arcade, since demolished. This arcade, one of the earliest examples of a shopping centre in Australia and one of many of its kind in Sydney's city centre, ran from George Street near the markets, through to Pitt Street.