Thursday, 5 November, 2009 - 00:00
Suburban centres’ leasing challenge
LIKE Perth's CBD, the suburban shopping centre landscape has been defined in 2009 by an abundance of new retail space becoming available to the market.
Lakeside Joondalup Shopping City is a major shopping centre, located in Joondalup, a northern suburb of Perth. It is located next to Grand Boulevard, approximately 100 metres (330 ft) from Joondalup railway station.
Rank | Company | # | |
---|---|---|---|
1st | ![]() |
Karrinyup Shopping Centre | 114,000 |
2nd | ![]() |
Westfield Carousel | 109,979 |
3rd | - | Lakeside Joondalup Shopping City | 99,914 |
4th | - | Westfield Whitford City | 85,111 |
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NEWS: Tagged in Housing supply a retail attractor | 04 Sep 2024 |
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NEWS: Tagged in Vicinity buys into Joondalup | 27 Aug 2024 |
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NEW ROLE: Roslyn Newton, Retail Manager | 21 Aug 2024 |
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UPDATED: Fashion Retail Precincts list | 21 Aug 2024 |
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UPDATED: Shopping Centres list | 21 Aug 2024 |
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UPDATED: Shopping Centres list | 17 Oct 2023 |
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NEW ROLE: Sharnee Sharpe, Marketing Manager | 10 Aug 2023 |
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UPDATED: Shopping Centres list | 10 Aug 2023 |
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UPDATED: Fashion Retail Precincts list | 10 Aug 2023 |
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UPDATED: Shopping Centres list | 08 Aug 2023 |
LIKE Perth's CBD, the suburban shopping centre landscape has been defined in 2009 by an abundance of new retail space becoming available to the market.
The Lakeside Joondalup shopping centre is set for a $300 million revamp, with Lend Lease contracted to design and construct a 25,000 square metre expansion which will make it the largest retail development in Western Australia.
THE total value of major shopping centre upgrades either under way or announced in Perth this year has reached nearly $1 billion.
The proposed $750 million redevelopment of Garden City Booragoon is the latest project in a booming retail construction sector.
After 10 years of limited development, Perth’s major shopping centres are expanding and evolving.
The owner of the successful Cannington shopping centre has made its development a priority as part of a $3 billion expansion push.
Expansion of Western Australia’s retail space is not keeping up with the state’s population growth, falling short by around 200,000 square metres, according to a new survey by the Property Council of Australia.
UPDATE: Aldi says it's first Western Australian store is set to open in mid-2016, at the state’s largest shopping centre, the Lend Lease-owned Lakeside Joondalup Shopping City.
Lakeside Joondalup Shopping City has secured another international brand coup, with H&M to open its first Western Australian store at the mall later this year, ahead of an expected CBD outlet for the global fashion retailer.
EXCLUSIVE: Shopping centre owner AMP Capital has lodged plans for a $600 million expansion of its Karrinyup mall, taking it to more than 113,000 square metres of total floor space and adding 150 apartments to the mix.
Aldi has bought the Captain Stirling Shopping Centre in Nedlands, with the store expected to be among the first of 20 the Germany-based retail giant intends to open in Western Australia between June and December next year.
Supermarket giant Aldi is facing headwinds on its plan to acquire and demolish the Hilton Fresh shopping centre and construct one of its own supermarkets on the site, with local residents and the City of Fremantle raising concerns over the design of the proposal.
Shopping centre owner Scentre Group has lodged plans to spend $450 million expanding its Westfield Innaloo mall, with the proposal to cater for up to 500 apartments.
EXCLUSIVE: Aldi is continuing to stake its territory in Perth, with Wattle Grove the next frontier for the supermarket giant.
Global fashion giant H&M says its first Western Australian store will open at Lakeside Joondalup Shopping City on August 29, while it also appears to be making progress on opening its planned CBD shop.
Probuild's redevelopment at Cloisters on Hay has been named the state’s best construction project for 2015, ahead of 68 other entries at the Master Builders-Bankwest annual awards.
SPECIAL REPORT: Perth’s fashion sector is gradually making its mark by developing niche opportunities, despite growing international competition.
While storm clouds gather over office assets and land development comes off the boil, interest in retail property is building as investors look for somewhere secure to park their cash. Click through to see our list of WA's top 10 locally-based shopping centre owners.
Supermarket giant Aldi has confirmed its first Western Australian shops will open on June 8, at Lakeside Joondalup Shopping City, Mirrabooka Square Shopping Centre, Kwinana Marketplace and Belmont Forum Shopping Centre.
Preparations are being made for international fashion giant H&M to open its long-anticipated second store in Perth, while the Plaza Arcade is in line for a $6 million revamp to make room for another flagship global tenant.
Aldi continues to gear up for the June opening of its first four Perth stores, with its $60 million distribution centre in Jandakot receiving stock and Western Australian producers lining up to supply the fast-growing supermarket chain.
Aldi has opened its first four Perth stores to much fanfare across the city, ending a three-year-plus wait for the German supermarket chain to touch down in Western Australia.
Perth’s big retail centres are evolving to become much more than just a collection of shops.
Department store Harris Scarfe is back in Western Australia, ending more than 15 years’ absence from the state’s retail sector.
SPECIAL REPORT: Developers remain bullish on plans to evolve shopping centres into community, lifestyle and entertainment hubs.
Scentre Group is set to lift the curtain of its $350 million Westfield Carousel redevelopment at the end of this month, which will feature a new rooftop dining and entertainment precinct as well as an additional fashion mall, anchored by David Jones.
SPECIAL REPORT: New retail property developments are driving offerings that capitalise on lifestyle needs, but five of the biggest projects are yet to push the button.
Subdued retail conditions in WA have resulted in more than $2.5 billion of shopping centre expansions to be deferred or have no timetable for development.
Global fashion retailer H&M is opening its second north-of-the-river store, taking a key tenancy at the revamped Karrinyup Shopping Centre, which is undergoing an $800 million refurbishment.
The pandemic has accelerated existing issues and trends facing the retail property sector.
International property giant Lendlease has been given the green light to build a $45 million office tower in the heart of Joondalup, adjacent to its Lakeside Joondalup Shopping Centre.
The shopping centre giant has acquired a 50 per cent stake in Lakeside Joondalup for $420 million.
Retail property owners are looking for ways to capitalise on the surplus land around their shopping centres.
It was just over a year ago that Tourism Australia launched its $40 million campaign “There’s Nothing like Australia” highlighting the country’s world-class coastal experiences and showcasing Rottnest Island to a global audience of millions.
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Lakeside Joondalup Shopping City is included in 2 lists - Fashion Retail Precincts and Shopping Centres.