The Tuggeranong Hyperdome is no longer called the Hyperdome

The shopping centre in Canberra's south is set to be renamed South.Point, with new signs to be erected on Thursday.

Centre manager Jeremy Wilson said the rebrand is about keeping with the changing face of Tuggeranong.

"I think the Hyperdome brand has served the community well over the last 30 years but with the changing market conditions, the urbanisation and gentrification of the Tuggeranong Valley, and the need to continue to meet the aspirations of the community in the south, the rebranding of the centre is the next logical step in our evolution to remain current with our market," said centre manager .

Only the name and the signs will change this week, but the rebrand forms part of an ongoing transformation which has included cosmetic upgrades across the centre and to the external fascade.

The retail offering will remain the same, but new restaurants will join existing outdoor restaurants along Anketell Street, including casual dining chain Rashays and an Italian restaurant. The alfresco dining strip is getting a further facelift thanks to a $3 million government upgrade.

The Hyperdome was opened in 1987, and has traded under the same name for three decades. Mr Wilson said new name South.Point is a celebration of the centre's southside location.

"In Canberra there is a south-north divide. And something we recognised is in the south, no one really takes ownership and pride in it, and it's something that we wanted to own and claim," he said.

"The Tuggeranong community has great pride in the [shopping] centre. Tuggeranong Valley is a wonderful location in the world, we have the Brindabellas as a wonderful backdrop, and we want to own that south and be a place to be where people can meet and connect."

The centre is putting on three days of special events over the weekend to mark the rebrand, including free yoga, kids workshops, discounts, holiday giveaways and a mimosa bar for mums on Mother's Day.