2020 Property Compendium
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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. -
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. -
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. -
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%. -
Acoustic Report for Development Approval
ACOUSTIC REPORT FOR DEVELOPMENT APPROVAL PROPOSED RESIDENTIAL DEVELOPMENT 4 COLLERAN WAY BOORAGOON 18 NOVEMBER 2019 Prepared for MP2 Property B. Lorente Lacasta Consultants and Alijn 18 Caithness Rd, Floreat WA 6014 ABN: 49425859926 4 COLLERAN WAY | Acoustic Report V 2 DOCUMENT ISSUE RECORD Version Rev Date Description Checked Approved 1 0 25/11/19 PRELIM REPORT BLL 2 1 11/12/19 REV 1 BLL The information contained in this document is solely for the use of the client identified for the purpose for which it has been prepared. It is not to be used by any third party and no responsibility is undertaken to any third party. All photographs remain the copyright of BLC and are included for illustration only. 4 COLLERAN WAY | Acoustic Report V 2 CONTENTS Page 1. INTRODUCTION 4 2. ENVIRONMENTAL NOISE EMISSION 2.1 Environmental Protection Noise Regulations 5 2.2 Tonality & Modulation 6 2.3 Impact on Project 6 3. ENVIRONMENTAL NOISE INTRUSION 3.1 Environmental Noise Sources 7 3.2 Ambient Noise Measurements 7 3.3 Internal Design Standards 7 4. BCA REQUIREMENTS 4.1 Wall Acoustic Requirements 8 4.2 Entry Doors 8 4.3 Floor Acoustic Requirements 8 4.4 Building Services 9 5. OVERVIEW 9 4 COLLERAN WAY | Acoustic Report V 2 1. INTRODUCTION The proposed residential development is situated at 4 Colleran Way and is located on a fairly quiet residential location. The proposed development consists of: o Lower Basement: Car-Parking, Stores, o Ground Floor: 2 of 3 bed and 1 of 1 bed residential apartments o Level 1: 2 of 3 bed and 1 of 1 bed residential apartments o Level 2: 2 of 3 bed and 1 of 1 bed residential apartments o Level 3 1 off 3 bed apartment This brief sets out the developments requirements and overview of the acoustic requirements of the development as set out in various Regulations, Codes and Australian Standards, that are applicable to this project. -
Best Shopping Centers/Malls in Sydney"
"Best Shopping Centers/Malls in Sydney" Realizado por : Cityseeker 12 Ubicaciones indicadas The Galeries "A Brand New Lifestyle" The Galeries is one of the most coveted shopping centers in Victoria. This 4-story shopping mall houses some of the most reputed brands within its premises. Crone Partners Architecture Studios designed the mall to create a unique shopping hub with bridges, covered walkways and even underground passages. Apart from being a great shopping destination, it by lawrenceyeah is also a superb arena for art exhibitions, fashion shows and other lifestyle and cultural events. The distinctive feature of this mall is The Arthouse Hotel, formerly home to the famous Sydney Mechanics' School of Arts. +61 2 9265 6800 www.thegaleries.com/ [email protected] 500 George Street, Sydney NSW Queen Victoria Building "Superb Shopping in Historical Surroundings" Built-in 1898 to celebrate Queen Victoria's golden jubilee, the Queen Victoria Building (QVB) is a history lesson and shopping experience rolled in one. Designed to resemble a Byzantine palace, the architectural beauty is enough to awe the visitors. Some of the highlights include the central copper dome housed in the building’s glass roof, the ornate floor tiles, and by Sardaka (talk) 08:21, 26 the cast-iron circular staircase that winds its way to the upper levels of the November 2010 (UTC) building. For visitors more interested in shopping, the building houses over 200 stores, including designer boutique, art galleries, antique shops, and cafes. +61 2 9264 9209 www.qvb.com.au [email protected] 455 George Street, Sydney NSW World Square Shopping Centre "Everything In One Centre" The World Square Shopping Centre offers one everything under one roof right from clothes, bags, health care products, cosmetics. -
Chatswood Chase Sydney
Chatswood Chase Sydney 345 Victoria Avenue, Chatswood NSW 2067 Telephone +61 2 9419 6255, Facsimile +61 2 9419 7225 www.chatswoodchaseshopping.com.au Chatswood Chase Sydney is a four-level Major Regional shopping centre located approximately 8kms north of Sydney’s CBD, in the affluent north shore suburb of Chatswood. The centre is anchored by David Jones, Kmart and Coles and offers a premium retail mix of international and Australian designer brands including Apple, Hugo Boss, Ralph Lauren, Max and Co, Furla, Coach, Zimmerman, Mecca Cosmetica, Nespresso, Williams Sonoma, West Elm and Pottery Barn. Trade Area Map SYDNEY CBD 11kms WESTFIELD HORNSBY MACQUARIE CENTRE CHATSWOOD CHASE SC WESTFIELD CHATSWOOD TOP RYDE RHODES SC TOTAL TRADE AREA MAJOR REGIONAL SC REGIONAL SC SUB REGIONAL SC Centre statistics Key statistics Centre type Major Regional Annual traffic (million) 11.8 8km From the CBD Total GLA (sqm) 63,715 Total tenants 230 Majors* Coles, David Jones, Kmart 276,320 Mini Majors Apple, Country Road, Fruitezy, JB Hi-Fi, Kidstuff, People in MTA Pottery Barn, Priceline/Priceline Pharmacy, Pumpkin Patch, Terry White, West Elm, Witchery Number of specialty retailers 185 Number of car spaces 2,441 185 Specialty stores Moving annual turnover (MAT)** ($m) 566.8 MAT/sqm – Total ($)*** 9,823 MAT/sqm – Specialty ($)*** 13,334 11.8m Centre statistics correct as at 31 December 2015 Foot traffic * Classified in accordance with SCCA guidelines, typically includes supermarkets, department stores and discount department stores. ** Total MAT includes all reporting tenancies and is inclusive of GST. Source: Census of Population and Housing 2006 and 2011, Australian *** MAT/sqm - Based on sales and area for all reporting tenants, non-retail tenants excluded Bureau of Statistics (ABS), Urbis. -
Urbis, 2016, Sydney Strategic Centres
Sydney Strategic Centres Barriers to Growth This publication was prepared for the NSW Department of Planning and Environment for the purpose of district planning. No representation is made about the accuracy, completeness or suitability of the information in this document for any particular purpose nor should it be assumed that the contents of the document represent the views of the NSW Government. The NSW Government its agents, consultants or employees shall not be liable for any damage which may occur to anyX person or organisation taking action or not on the basis of this publication. Readers should seek appropriate advice X when applying the information to their specific needs. This document may be subject to revision without notice. - URBIS STAFF RESPONSIBLE FOR THIS REPORT WERE: Director Princess Ventura and David Hoy Associate Director Kylie Newcombe, Michael Grosvenor and Alison Brown Senior Consultant Ryan McKenzie Consultant Stuart Gardner Analyst Audrey Marsh Job Code SPE0524 Date February 2016 © Urbis Pty Ltd ABN 50 105 256 228 All Rights Reserved. No material may be reproduced without prior permission. You must read the important disclaimer appearing within the body of this report. URBIS Australia Asia Middle East urbis.com.au TABLE OF CONTENTS Study Objectives .................................................................................................................................................................................................... 1 Element 1: Document Review and Baseline Research ................................................................................................................................. -
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 -
Trading Hours
Stores Open & All stores resume normal trading as of 2nd Jan 2021 Christmas Day NSW (CONT.) VIC (CONT.) SA Hurstville - Westfield Pacific Werribee City – Rundle Square 25th Dec Kotara - Westfield Preston - Northland Golden Grove – The Grove Lake Haven Shopping Centre Richmond - Victoria Gardens Ingle Farm Shopping Centre Liverpool - Westfield Ringwood - Eastland NSW Mt Annan Marketplace Taylors Lakes VIC Cabramatta (Closed on 26th) – Watergardens Town Centre Broadmeadows Shopping Centre City - 815 George Street Central Narellan Town Centre Wantirna South – Westfield Knox Cheltenham - Southland 1 Chatswood Parramatta - Westfield Cheltenham – Southland 2 Eastwood Penrith - Westfield WA City - 26 Elizabeth St Plumpton Marketplace Cannington - Westfield Carousel City - 475 Elizabeth St QLD Richmond Marketplace City - 96 William Street City - 55 Swanston Street City - Albert Street Rockdale Plaza Innaloo - Westfield City - QV South Eastern Creek Lakeside Joondalup Shopping City Doncaster – Westfield SA - Eastern Creek Quarter Midland Gate Shopping Centre Hawthorn City – Rundle Square (Closed on 26th) Maribyrnong - Highpoint Sylvania - Southgate NT Mill Park - Westfield Plenty Valley VIC Top Ryde City Casuarina Square Narre Warren City - 26 Elizabeth St Tuggerah - Westfield – Westfield Fountain Gate City - 55 Swanston Street Tweed Head South - Tweed City Pacific Werribee Warrawong Plaza New Year Day Richmond - Victoria Gardens WA Wetherill Park - Stockland Ringwood - Eastland City - 96 William Street 1st Jan Wantirna South – Westfield Knox -
Aromatherapy
Winter wellness Aromatherapy Australian Owned & Made Since 1991 Peppermint Eucalyptus Lemon Mentha piperita Eucalyptus polybractea Citrus limon Breathe easy Breathe easy this winter with our Breathe Easy range! Find natural relief and support your recovery from colds and flu, runny noses, coughs and congested breathing with this purifying and fortifying range. Breathe easy Breathe easy Breathe easy essential oil blend balm herbal tea Take a deep breath and clear your Breathe Easy balm is a go-to This fortifying brew of echinacea, airways with this purifying blend winter remedy. Massage into elderflower, liquorice root, of eucalyptus, lemon, peppermint, your chest, throat and around peppermint, sage and thyme pine, cedarwood, aniseed, ginger, your sinuses to provide natural helps build defences and ward off spike lavender, tea tree and thyme relief from colds and flu, runny winter invaders while soothing essential oils. noses, coughs and congested sore throats and easing chesty breathing. coughs. Inhale straight from the bottle, add a few drops to a handkerchief, Purifying essential oils of Stay cosy and contented while create a steam inhalation, or add eucalyptus, lemon, peppermint, sipping this warming winter brew. a few drops to an aromatherapy pine, cedarwood, aniseed, diffuser. ginger, spike lavender, tea tree and thyme refresh and Breathe Easy essential oil blend clear your respiratory system, is a winter essential for colds helping you to breathe easier. and flu, runny noses, coughs and congested breathing. 10mL for $24.95 30g for $24.95 50g for $24.95 25mL for $39.95 SHOP NOW SHOP NOW SHOP NOW Aromatherapy Tip When feeling congested, stuffy and sick, add three drops of Breathe Easy to a tissue or handkerchief and hold under your nose.