Karingal Hub Shopping Centre as well as its "Town Square" is a super-regional shopping centre in Frankston, Victoria, Australia, approximately 40 kilometres (25 mi) south of Melbourne CBD. The complex has a combined gross leasable area of 53,000 m2 (570,000 sq ft), 2,750 parking spaces and 200+ stores. It was acquired by ISPT, or the Industry Superannuation Property Trust in July, 2013 and has been owned by other large corporations in the past such as Vicinity Centres, which owns its major competitor Bayside. It has the only Big W in and around the peninsula and has a multitude of popular shops and includes a renovated and tall playground within its Town Square as well as an additional smaller playground in the south of the building, close to the retailer aforementioned.