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Shopping Centres Still an Inconvenient Truth (Revisited in 2019) Shopping Centres - Still an Inconvenient Truth (Revisited in 2019)
Shopping Centres still an Inconvenient Truth (Revisited In 2019) Shopping Centres - still an Inconvenient Truth (Revisited In 2019) By Peter Buckingham CFE CMC Managing Director – Spectrum Analysis Shopping Centres still an Inconvenient Truth (Revisited In 2019) Shopping Centres sàgll an By Peter Buckingham CFE CMC Managing Director – Spectrum Analysis Inconvenient Truth (Revisited In 2019) By Peter Buckingham CFE CMC Managing Director – Spectrum Analysis 1 Shopping Centres - still an Inconvenient Truth (Revisited In 2019) “How do shopping centre owners press for increases in rents of 4% How do shopping centre owners still press for increases in rents of 4% or or 5% p.a. when the increase in the $ / sq m. sold through the 5% pa. when the increase in the $ / sq m. sold through the Centres has Centres has been increasing in the range of 0.5% – 1.65% p.a. over been increasing in the range of -0.63% to 0.25% for Super, Major and the last few years?” Regional shopping centres over the last 2 years? – Peter Buckingham, Managing Director at Spectrum Analysis We have revisited the Property Council Shopping 2019 shows the state of shopping centres across Australia to be Centre data in 2019 and find things are far worse. deteriorating in $$$ performances against inflation – yet rents are expected to increase at much higher rates. Over the last 2 years, the group of the biggest shopping centres – 14 Super Regional shopping centres have: In 2017 we undertook a study of shopping centres and showed that although rents were increasing at around CPI plus 2 – 3% which equated 2 to around 4 – 5%, shopping centres were not growing at the same pace. -
Melbourne Retail Guide
MELBOURNE Cushman & Wakefield Global Cities Retail Guide Cushman & Wakefield | Melbourne | 2018 0 Melbourne is Victoria's capital city and the business, administrative, cultural and recreational hub of the state. With a combination of world-class dining, art galleries, homegrown fashion and a packed sports calendar, Melbourne is regarded as one of the world’s most liveable city. Melbourne’s retail and hospitality sectors are booming, creating jobs, economic growth and a buzzing international city. Melbourne’s CBD is home to more than 19,000 businesses and caters for 854,000 people on a typical weekday. Melbourne is the centre of the Australian retail industry – an exciting mix of international designer brands, flagship stores, local fashion retailers and world class department stores including Australia’s first Debenhams department store. The city has a reputation for style and elegance while at the same time being fashion forward. Melbourne offers a range of retail locations to suit a variety of stores – with flourishing inner city shopping strips and larger suburban shopping complexes, accounting for 16% of all major shopping centres in Australia. Melbourne's CBD has evolved as the pre- eminent shopping area in Australia and a destination for global brands. The city centre has a wide variety of modern retail complexes housing local and international retailers, historic arcades, bustling laneways, a luxury MELBOURNE precinct and heritage-listed markets. The City of Melbourne municipality covers 37.7 sqkm. It is OVERVIEW made up of the city centre and a number of inner suburbs, each with its own distinctive character and with different businesses, dwellings and communities living and working there. -
Annual Customer Visits Grow to 548 Million
ASX Announcement 18 February 2020 FULL YEAR FUNDS FROM OPERATIONS OF 25.42c PER SECURITY UP 3.2% (PRO FORMA BASIS); ANNUAL CUSTOMER VISITS GROW TO 548 MILLION Scentre Group (ASX: SCG) today released its results for the 12 months to 31 December 2019, with Funds From Operations (“FFO”) of $1.345 billion, in line with forecast. On a per security basis FFO was 25.42 cents, up 0.7% or 3.2% on a pro forma basis adjusting for the transactions1 completed during 2019. Distribution for the 12-month period was 22.60 cents per security, up 2.0% and in line with forecast. Operating Earnings – the Group’s FFO excluding Project Income – was $1.287 billion for the 12-month period, up 1.0% per security or 3.6% on a pro forma basis. Scentre Group CEO Peter Allen said: “We are creating the places more people choose to come, more often, for longer. “Our strategic focus on the customer and curation of our offer to continually meet their changing expectations and preferences has delivered these pleasing results. “Our 42 Westfield Living Centres are each strategically located in highly urbanised areas with strong population growth and density. “The strength of our portfolio combined with our leading operating platform has seen annual customer visits grow to more than 548 million. This is an increase of more than 12 million visits. “We have seen strong demand continue from our retail and brand partners with portfolio occupancy at 99.3%. During the year we introduced 344 new brands and 279 existing brands grew their store network with us. -
20210323 Store List Landscape
FULL STORE LIST • NEW SOUTH WALES • VICTORIA • QUEENSLAND • SOUTH AUSTRALIA • A.C.T. • WESTERN AUSTRALIA • NORTHERN TERRITORY • TASMANIA 1/8 NEW SOUTH WALES AUBURN CHATSWOOD HURSTVILLE WESTFIELD Shop Q15, Auburn Central, Cnr Harrow Road 334 Victoria Avenue, Chatswood, NSW 2067 Shop 106 / 08, Westfield Hurstville, Cnr and Queen Street, Auburn, NSW 2144 TEL: (02) 9413 9686 Cross St and Park Rd, Hurstville, NSW 2220 TEL: (02) 8096 1443 TEL: (02) 9580 8132 CHATSWOOD EXPRESS Shop 16, Chatswood Interchange, 438 Victoria LIDCOMBE BANKSTOWN Shop G-005, Lidcombe Shopping Centre, 92 66 Bankstown City Plaza, Bankstown, NSW 2200 Avenue, Chatswood, NSW 2067 Parramatta Road, Lidcombe, NSW 2141 TEL: (02) 9708 1261 TEL: (02) 9412 1006 TEL: (02) 8386 5822 BROADWAY EASTGARDENS Shop G28, Broadway Shopping Centre, 1 Bay Shop 171, Westfield Eastgardens, 152 MACQUARIE CENTRE Shop 3504, Macquarie Centre, Cnr Herring Rd Street, Broadway, NSW 2037 Bunnerong Road, Eastgardens, NSW 2036 & Waterloo Rd, North Ryde, NSW 2113 TEL: (02) 9212 1700 TEL: (02) 9349 8848 TEL: (02) 9870 8208 CABRAMATTA EASTWOOD Shop 2-3, 90 John Street, Cabramatta, NSW Shop 3, 163 Rowe St, Eastwood, NSW 2122 PARRAMATTA Shops 5029, Level 5, Westfield Parramatta, 2166 TEL: (02) 9804 6188 159-175 Church Street, Parramatta, NSW 2150 TEL: (02) 9723 8879 TEL: (02) 9689 1888 GEORGE ST. CAMPSIE Shop 1, 815-825 George Street, Haymarket, Shop 19, Campsie Centre, 14-28 Amy Street, NSW 2000 PARRAMATTA EXPRESS Shops 1170, Level 1, Westfield Parramatta, Campsie, NSW 2194 TEL: (02) 9281 7689 159-175 Church Street, Parramatta, NSW 2150 TEL: (02) 9789 6522 TEL: (02) 8677 9215 HORNSBY CASTLE MALL Shop 1018, Westfield Hornsby, 236 Pacific HWY, Shop 109, Castle Mall Shopping Centre, 4-16 Hornsby, NSW 2077 REGENT PLACE Lot 22A, Level 10, Regent Place, 501 George Terminus Street, Castle Hill, NSW 2154 TEL: (02) 9477 2141 Street, Sydney, NSW 2000 TEL: (02) 8810 2813 TEL: (02) 9261 2688 *Please refer to store locator for opening hours. -
ANNUAL REPORT 2002 the Directors Are Pleased to Present the Annual Report of Michael Hill International for the Year Ended 30 WHAT’S INSIDE June 2002
ANNUAL REPORT 2002 The Directors are pleased to present the Annual Report of Michael Hill International for the year ended 30 WHAT’S INSIDE June 2002. This year we have adopted “triple bottom line” 1 Company Profile and our Corporate Goals An introduction to the company, our goals and our corporate values. reporting. Accordingly, our report 4Performance Summary for the year ended 30/6/02 highlights our progress in A snapshot of all the key results and data for the year. ■ Increasing economic value to 7 Chairman’s Review our shareholders Michael Hill comments on the groups fifth year of increased profit performance, and the exciting future ahead. ■ Embracing socially responsible 8 Chief Executive Officer’s Report policies for our staff and Mike Parsell reviews the years operations and discusses the plans and priorities stakeholders for the future. ■ 12 Financial Review Adopting environmentally A review of the key financial data. sustainable practices 13 Trend Statement A table of our historical performance over the past seven years. 14 Our people and the Community An introduction to our people, our personnel policies, and our relationship R.M. Hill with the communities we do business in. Chairman of Directors 20 Our Environmental Policies Discusses our commitment to sustainable retailing. 21 Corporate Governance/Risk Management The policies and procedures applied by the Directors and management to M.R. Parsell provide for ethical and prudent management of the company. Chief Executive Officer/Director 25 Corporate Code of Conduct Dated 22 August 2002 The guidelines under which the company deals with its employees, customers, suppliers and outside agencies. -
Public Competition Assessment
Public Competition Assessment 28 November 2013 Westfield Group and Westfield Retail Trust - proposed acquisition of Karrinyup Shopping Centre Introduction 1. On 5 September 2013, the Australian Competition and Consumer Commission (ACCC) announced its decision not to oppose the proposed acquisition of Karrinyup Shopping Centre (Karrinyup) by Westfield Group (Westfield) and Westfield Retail Trust (WRT) (proposed acquisition), subject to a section 87B undertaking (the undertaking) accepted by the ACCC on 4 September 2013. The ACCC decided that the proposed acquisition, in conjunction with the undertaking, would be unlikely to have the effect of substantially lessening competition in any market in contravention of section 50 of the Competition and Consumer Act 2010 (the Act). 2. The ACCC made its decision on the basis of the information provided by Westfield and WRT and information arising from its market inquiries. This Public Competition Assessment outlines the basis on which the ACCC reached its decision on the proposed acquisition, subject to confidentiality considerations. Public Competition Assessment 3. To provide an enhanced level of transparency and procedural fairness in its decision making process, the ACCC issues a Public Competition Assessment for all transaction proposals where: a proposed acquisition is opposed; a proposed acquisition is subject to enforceable undertakings; the merger parties seek such disclosure; or a proposed acquisition is not opposed but raises important issues that the ACCC considers should be made public. 4. This Public Competition Assessment has been issued because the ACCC’s decision not to oppose Westfield and WRT’s proposed acquisition of Karrinyup was subject to a court enforceable undertaking. 5. By issuing Public Competition Assessments, the ACCC aims to provide the public with a better understanding of the ACCC's analysis of various markets and the associated merger and competition issues. -
Ngs Super Portfolio Holdings Disclosure
NGS SUPER PORTFOLIO HOLDINGS DISCLOSURE BALANCED - INCOME Effective date: 31 DEC 2020 AUSTRALIAN SHARES A2 MILK COMPANY LTD ABACUS PROPERTY GROUP AINSWORTH GAME TECHNOLOGY LIMITED ALTIUM ALUMINA LIMITED AMCOR PLC AMP LIMITED AMPOL LIMITED ANSELL LIMITED APA GROUP APPEN LTD ARB CORPORATION LIMITED ARISTOCRAT LEISURE LIMITED ASALEO CARE LTD ATLAS ARTERIA AUSNET SERVICES LIMITED AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED AUSTRALIAN VINTAGE LTD BELLEVUE GOLD LIMITED BHP GROUP LTD BRAMBLES LIMITED BWP TRUST CAPRAL LIMITED CASH CHALLENGER LIMITED CHARTER HALL GROUP CHARTER HALL RETAIL REIT CHORUS LIMITED Issued by NGS Super Pty Limited ABN 46 003 491 487 AFSL No 233 154 the trustee of NGS Super ABN 73 549 180 515 ngssuper.com.au 1300 133 177 NGS SUPER – PORTFOLIO HOLDINGS DISCLOSURE 1 BALANCED - INCOME Effective date: 31 DEC 2020 CLEANAWAY WASTE MANAGEMENT LTD COCA-COLA AMATIL LIMITED COLES GROUP LTD COMMONWEALTH BANK OF AUSTRALIA CONTACT ENERGY LIMITED CROWN RESORTS LIMITED CSL LIMITED CSR LIMITED DERIVATIVES DOMINO'S PIZZA ENTERPRISES LIMITED ELDERS LIMITED EVENT HOSPITALITY & ENTERTAINMENT LTD EVOLUTION MINING LIMITED FAR LTD FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED FLETCHER BUILDING LIMITED FLIGHT CENTRE TRAVEL GROUP LIMITED G.U.D. HOLDINGS LIMITED G8 EDUCATION LIMITED GOODMAN GROUP HARVEY NORMAN HOLDINGS LTD HEALIUS LIMITED HOME CONSORTIUM HT&E LTD IGO LIMITED IMPEDIMED LIMITED INCITEC PIVOT LIMITED INGHAMS GROUP LTD INSURANCE AUSTRALIA GROUP LIMITED IPH LTD JAMES HARDIE INDUSTRIES PLC JB HI-FI LIMITED KATHMANDU HOLDINGS LIMITED -
Westfield Eastgardens Fact Sheet
Westfield EASTGARDENS, NSW 152 BUNNERONG RD, EASTGARDENS NSW 2036 Westfield Eastgardens is located approximately 10 kilometres from the Sydney CBD in the city’s south-eastern suburbs. The centre caters to a trade area population of approximately 295,000 residents. Westfield Eastgardens is home to some of Australia’s most trusted retailers including Myer, Big W, Kmart, Target, Coles, Woolworths, and ALDI. There is also a Hoyts cinema on site as well as a broad mix of retailers including approximately 70 apparel, footwear and accessories stores. The total retail spend by the Westfield Eastgardens Total Trade Area in 2017 was estimated at $4.7 billion while the total retail spend by the Main Trade Area was estimated at $2.3 billion. The total annual per capita retail spend for the Westfield Eastgardens Main Trade Area is estimated at $14,581, which is broadly in line with the Sydney Metro average ($14,609). The centre serves a culturally diverse community with 41% of the Main Trade Area population born in a country outside Australia including 22% born in Asia. $ 287 82,830 m2 $600.2 m 3,263 NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES Ownership & Site Retail Sales Information Centre Owner Scentre Group (50%) Annual Sales ($ million) $600.2 Terrace Tower Group (50%) Annual Sales Growth 2.7% Centre Manager Scentre Group Specialty Sales $9,892 psm Site Area 9.2 ha Car Park Spaces 3,263 Value Demographics Acquisition Date July 2018 MTA TTA Acquisition Price ($ million) SCG Share $720.0 Retail Expenditure ($ billion) $2.3 $4.7 Retail Capitalisation Rate 4.25% Population 155,912 295,579 Centre Opened 1987 Centre Redeveloped 2013 Anchor Retailers GLA % Centre Composition By GLA Myer 11,624 14.0% Target 7,342 8.9% Anchors KMart 7,422 9.0% Specialties >400sqm Big W 7,905 9.5% Specialties <400sqm Coles 5,190 6.3% Offices Woolworths 4,168 5.0% Aldi 1,660 2.0% Cinemas 3,873 4.7% Majors 49,184 59.4%. -
Urbis(Scentre Group) Open Submission.Pdf
30 March 2017 Greater Sydney Commission Draft District Plans PO Box 257 Parramatta NSW 2124 Dear Sir/Madam, This submission has been made on behalf of Scentre Group Limited (Scentre Group) and in response to the public exhibition of the above three (3) Draft District Plans (DDPs) and its companion document Towards our Greater Sydney 2056 (TGS). Scentre Group was created on 30 June 2014 through the merger of Westfield Retail Trust and interests of each of these entities in Australia and New Zealand with retail real estate assets under management valued at $45.7 billion and shopping centre ownership interests valued at $32.3 billion. Each of these shopping centres operated under the Westfield brand and are an essential part of the In 2016, over 525 million customers visited a Westfield shopping centre, spending more than $22 billion across the Australian and New Zealand Portfolio of 39 shopping centres. Thirteen (13) of these centres, or 33% of its current portfolio is located within Metropolitan Sydney, its largest market. Given this market presence within Sydney, Scentre Group has a long history of participation and engagement in land use planning matters that affect its property and business interests and again is pleased to be making this submission. The table overleaf provides a summary of the town planning status of all Westfield Shopping Centres throughout Sydney. It provides current zoning as well as a comparison of the centre designation within which each shopping centre is located under both the 2014 Metropolitan Strategy and latest DDP. Notably: SA6597_GSC_DDP Submission_SG_FINAL 30.3.17_DH There is at least one Westfield Shopping Centre in every District. -
Create a Cover Sheet for a Fax
TERMS & CONDITIONS O F E N T R Y “ I’M A CELEBRITY… GET ME OUT OF HERE AUSTRALIA ” INSTAGRAM COMPETITION N E T W O R K 1 0 By entering the “I’m A Celebrity.. Get Me Out Of Here” Instagram competition, you are agreeing to the following terms and conditions: 1. GENERAL INFORMATION 1.1 Information on how to enter this competition forms part of the terms of entry. 1.2 The competition commences on Thursday 2nd January 2020 at 09:00AM (AEDT) and concludes Sunday 5th January 2020 at 23:59PM (AEDT) (the “Promotion Period”) 1.3 The competition will be advertised on but not limited to https://www.instagram.com/imacelebrityau. 1.4 This is a game of skill, competition and chance plays not part in determining the winner. 2. ENTRY ELIGIBILITY 2.1 Entry is open to all residents of NSW aged 13 years and over. Cost of entry via the internet is free. Internet connection rates apply. 2.2 Employees and their immediate families of Network Ten Pty Ltd (the “Promoter”, and their associated agencies and companies associated with the Promotion are not eligible to enter. 3. HOW TO ENTER 3.1 To enter, participants will be required to sign into their own personal Instagram account a. Head to one of 11 locations (as per the table below) b. Share an image of your own I’m A Celebrity…Get Me Out Of Here! photo wall found at the nominated location and tag the corresponding hashtag (as per the table below) during the Promotional Period: Location Hashtag Westfield Southland Shopping Centre #ImACelebinSouthland Westfield Parramatta Shopping Centre #ImACelebinParramatta -
Draft Greater Sydney Region Plan
Draft Greater Sydney Region Plan Submission_id: 31313 Date of Lodgment: 14 Dec 2017 Origin of Submission: Online Organisation name: on behlaf of Vicinity Centres Ltd Organisation type: Industry First name: Jacqueline Last name: Parker Suburb: 2000 Submission content: see attached uploaded document Number of attachments: 1 Powered by TCPDF (www.tcpdf.org) 14 December 2017 Greater Sydney Commission PO Box 257 Parramatta NSW 2124 VICINITY CENTRES SUBMISSION - DRAFT GREATER SYDNEY REGION PLAN This submission has been prepared on behalf of Vicinity Centres (Vicinity) in response to the Greater Sydney Commission’s (GSC) recently published Draft Greater Sydney Region Plan (Region Plan). Vicinity recognises the strategic importance of the Region Plan in providing a 40-year vision and a 20- year plan for shaping the future growth of Greater Sydney Region. Vicinity appreciates the need for a strong plan for the Sydney Region to inform the growth of the metropolitan area over this timeframe and Vicinity extends its appreciation to the GSC for the work to date. This submission relates to the Region Plan as it affects Vicinity Centres’ assets. VICINITY CENTRES Vicinity currently owns (in full or in part) and / or manages nine significant assets in the Sydney Metropolitan area. As an indication of Vicinity’s confidence in the Sydney environment, in addition to their existing interests Vicinity is presently concluding an arrangement with Singapore’s sovereign wealth fund, GIC, whereby that fund will take an interest in the Chatswood Chase asset in exchange for Vicinity Centres taking an interest and management rights to QVB, Galleries and The Strand Arcade (all subject to a number of conditions). -
Sensory Santa – Queensland Sunday 8Th November 2015
Sensory Santa – Queensland Sunday 8th November 2015 Westfield Brookside 9am-11am CLOSED 0422416509 Sunday 15th November 2015 Westfield Chermside 8am-10am BOOKED OUT 0422416509 Strathpine Shopping 8am-9.45am BOOKED OUT 38179601 Centre Westfield Brookside 9am-11am Bookings open 0422416509 Westfield Garden CIty 8am-10am Bookings open 0422416509 Helensvale 9am-10am Book Online at http://www.westfield.com.au/helensvale/ events/sensory-santa/21835 Saturday 21st November 2015 Toombul 8am-10am Bookings open 0422416509 Sunday 22nd November 2015 Stockland Townsville 9am-11am BOOKED OUT 0422416509 Smithfield Shopping Centre 8am–10am Bookings open 0422416509 Orion Springfield Free Photo 8am-10am Bookings open 0422416509 Runaway Bay Shopping Village 4pm-6pm Bookings open 07 5537 2566 Stockland Rockhampton 8am-10am Bookings open 0422416509 Toombul 8am-10am Bookings open 0422416509 Helensvale 9am-10am Book Online at http://www.westfield.com.au/helensvale/events/sensory- santa/21835 Sunday 29th November 2015 Stockland Townsville 9am-11am Bookings open 0422416509 Kawana Shoppingworld Free photo 8am-10am Bookings open 0422416509 Taigum 8am-10am Bookings open 0422416509 Noosa Civic 8am-10am Bookings open 5440 7900 Stockland Cairns 8am-10am Bookings Open 4054 3066 Smithfield Shopping Centre 8am-10am Bookings open 0422416509 Bundaberg Hinkler Central 9am-10am Bookings Open 4152 9888 Riverlink Ipswich 10am-2pm Booking open 32945500 Morayfield Shopping Centre 9am-11am BOOKED OUT 0422416509 Runaway Bay Shopping Village 8am-10am Bookings open 07 5537 2566 Robina