<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="-37.8878465" data-lng="145.082586" data-map-catchment-data-value="{&quot;lat&quot;:&quot;-37.8878465&quot;,&quot;lng&quot;:&quot;145.082586&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:1000000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;5-10 km radius km&quot;,&quot;description&quot;:&quot;Geographic area serving the core customer base around the mall in Melbourne&#39;s southeast suburbs&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;10-30 km radius km&quot;,&quot;description&quot;:&quot;Extended trade area including broader Melbourne metropolitan region&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;1,000,000 People&quot;,&quot;description&quot;:&quot;Estimated total population in primary and secondary catchment areas, based on City of Monash and surrounding suburbs data from ABS and Vicinity Centres reports&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;2.5&quot;,&quot;description&quot;:&quot;Annual growth rate in catchment population, inferred from Melbourne southeast suburban trends per ABS 2021 Census updates&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;37 Years&quot;,&quot;description&quot;:&quot;Median age of residents in Chadstone and surrounding areas, from ABS QuickStats 2021 for suburb and Monash LGA&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;2.6 Persons per household&quot;,&quot;description&quot;:&quot;Average household size in catchment, derived from ABS Census data for Chadstone and Monash City&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;45.0&quot;,&quot;description&quot;:&quot;Percentage of population aged 25+ with tertiary education, based on high education levels in Monash LGA per ABS 2021&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;$103,880 AUD per year&quot;,&quot;description&quot;:&quot;Annual median household income in Chadstone area, converted from weekly $1,990 figure from Microburbs and ABS data&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;4.2&quot;,&quot;description&quot;:&quot;Unemployment rate in Monash LGA and catchment, from ABS labour force data 2024 estimates&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;105 Index (Melbourne=100)&quot;,&quot;description&quot;:&quot;Cost of living index for southeast Melbourne suburbs, adjusted from national averages and Deloitte reports&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;$12,500 AUD per year&quot;,&quot;description&quot;:&quot;Estimated annual retail spending per person in catchment, based on Australian averages and Chadstone&#39;s affluent demographics from SCN Big Guns report&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;$2,800 AUD per capita per year&quot;,&quot;description&quot;:&quot;Annual per capita spending on clothing and apparel, inferred from national retail data and mall&#39;s fashion focus per ABS and Fashion Network&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;$4,200 AUD per capita per year&quot;,&quot;description&quot;:&quot;Annual per capita grocery spending, based on Australian household expenditure survey adjusted for local income levels&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;$1,500 AUD per capita per year&quot;,&quot;description&quot;:&quot;Annual per capita electronics spending, from ABS data and retail trends showing decline but steady in premium malls&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;20,000,000 Visitors&quot;,&quot;description&quot;:&quot;Total annual visitors to the mall, from Vicinity Centres reports and official mall statistics&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;120 Minutes&quot;,&quot;description&quot;:&quot;Average time shoppers spend in the mall, estimated from industry benchmarks for large Australian centres like Chadstone&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Percentage of visitors making a purchase, inferred from retail performance metrics in Vicinity FY24 reports&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;$14,000 AUD per sqm per year&quot;,&quot;description&quot;:&quot;Annual sales turnover per square meter of GLA, based on $2bn total sales and 233,000 sqm GLA from SCN and Vicinity data&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;550 Stores&quot;,&quot;description&quot;:&quot;Total number of specialty and anchor stores, from official Chadstone and Vicinity Centres portfolio details&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes, 8 major anchors&quot;,&quot;description&quot;:&quot;Presence of key anchors including Myer, David Jones, Kmart, Target, ALDI, Coles, Woolworths, and HOYTS Cinemas&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;Medium&quot;,&quot;description&quot;:&quot;Density of similar large malls in southeast Melbourne, such as Westfield Knox and Southland, per retail market analysis&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Diverse mix including fashion, luxury, supermarkets, entertainment, and dining, with over 30 luxury brands&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;60+ luxury and experiential stores&quot;,&quot;description&quot;:&quot;Unique offerings like Apple Store, Tesla, high-end boutiques, and fresh food precincts&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;233,243 sqm&quot;,&quot;description&quot;:&quot;Total gross leasable area, from Vicinity Centres and Wikipedia retail floor area data&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;4 Levels&quot;,&quot;description&quot;:&quot;Multi-level structure including retail floors, parking, and atrium spaces&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;$1,200 AUD per sqm per year&quot;,&quot;description&quot;:&quot;Estimated average prime retail rent, based on Melbourne southeast market rates from HTW and JLL reports&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;2.0&quot;,&quot;description&quot;:&quot;Low vacancy rate, reflecting 98% occupancy from Vicinity FY24 and FY25 results&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Flexible, 3-10 years Years&quot;,&quot;description&quot;:&quot;Standard lease terms with options for shorter periods in retail spaces, per industry norms and Vicinity leasing practices&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;5,000 sqm&quot;,&quot;description&quot;:&quot;Estimated current available leasable space, inferred from low vacancy and ongoing tenant curation&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Direct access to Dandenong By-pass and Waverley Rd&quot;,&quot;description&quot;:&quot;Excellent connectivity to major arterial roads in Melbourne&#39;s southeast&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Good, multiple bus routes; 3 km to nearest train&quot;,&quot;description&quot;:&quot;Served by buses in Car Park F, near Jordanville and Holmesglen stations, per PTV and mall directions&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;7,700 Spaces&quot;,&quot;description&quot;:&quot;Total undercover and open parking spaces, including accessible and family zones from official mall info&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Strong pedestrian access via walkways, lifts, and travelators within the centre&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Strong competition from online retailers, but mall counters with omnichannel experiences&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;High, with Parcel Concierge&quot;,&quot;description&quot;:&quot;Widespread click-and-collect services including drive-thru and contactless options from multiple tenants&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;95.0&quot;,&quot;description&quot;:&quot;High broadband and mobile internet access in catchment, per Australian Digital Economy Index&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Medium, 315 offences in 2022 Offences per year&quot;,&quot;description&quot;:&quot;Reported crimes including theft in Malvern East area, from Victoria Police and Herald Sun data; ranked moderate for shopping centres&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;Comprehensive, on-site guards and CCTV&quot;,&quot;description&quot;:&quot;Extensive security presence, including dedicated teams and measures post-incidents, per reviews and ABC reports&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Multiple annual events&quot;,&quot;description&quot;:&quot;Regular fashion shows, markets, and seasonal promotions like Chadstone Loves Local&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;Chadstone First, high engagement %&quot;,&quot;description&quot;:&quot;Exclusive membership program with VIP access, integrated with tenant loyalties like Qantas FF&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Extensive&quot;,&quot;description&quot;:&quot;Digital screens and interactive displays throughout the centre for advertising and navigation&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Expected annual growth in visitors, based on Vicinity FY25 projections and post-COVID recovery to 91% of pre-levels&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Ongoing, 50+ new concepts&quot;,&quot;description&quot;:&quot;Active curation of tenants including luxury and experiential brands, per Vicinity reports&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;A$685m redevelopment ongoing AUD&quot;,&quot;description&quot;:&quot;Major expansion including Market Pavilion, offices, and lifestyle precincts, completion by 2025-2026 per Vicinity and planning docs&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[],&quot;secondary&quot;:[{&quot;id&quot;:6481,&quot;slug&quot;:&quot;queen-victoria-market&quot;,&quot;name&quot;:&quot;Queen Victoria Market&quot;,&quot;lat&quot;:&quot;-37.8076&quot;,&quot;lng&quot;:&quot;144.9568&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Queen Victoria Market, established in 1878 and spanning seven hectares across two city blocks in central Melbourne, is a heritage-listed open-air market managed by the City of Melbourne. It hosts over 600 traders, primarily in fresh produce, meat, dairy, gourmet foods, clothing, souvenirs, and artisan goods, with a tenant mix emphasizing food (about 70 percent) and general merchandise (30 percent). The market attracts approximately 10 million visitors annually, including locals, domestic tourists, and international visitors, benefiting from its proximity to Melbourne Central and public transport hubs. Leasing opportunities include short-term licenses for open-air stalls and longer-term leases (5-10 years) for lockable retail premises, offering low entry costs compared to enclosed malls, with flexible trial options for new traders. Market position remains strong as an iconic destination, supported by a $1.7 billion renewal program enhancing infrastructure like the new Food Hall, which aims to boost operational efficiency and visitor experience. Advantages for retailers include high footfall, diverse customer base, and low-risk exposure in a vibrant, culturally significant site; however, challenges involve weather dependency, seasonal fluctuations, and competition from nearby supermarkets and modern retail centers. Occupancy rates are high, nearing 100 percent in prime areas, with rent levels varying by location—typically lower than CBD strip shops at around AUD 200-500 per square meter annually for stalls, though exact figures depend on negotiations. Accessibility is excellent via trams and trains, but parking is limited, potentially impacting drive-in shoppers. Overall, it suits specialty food and unique retail operators seeking authentic market ambiance over high-volume enclosed retail.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melbourne&quot;},&quot;anchor_tenants&quot;:&quot;Various market stalls and vendors&quot;,&quot;distance&quot;:14.2,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;600&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Various market stalls and vendors&quot;}},{&quot;id&quot;:2335,&quot;slug&quot;:&quot;the-glen-shopping-centre&quot;,&quot;name&quot;:&quot;The Glen Shopping Centre&quot;,&quot;lat&quot;:&quot;-37.8763093&quot;,&quot;lng&quot;:&quot;145.1652131&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;The Glen Shopping Centre is a major regional retail destination in Glen Waverley, approximately 26 kilometres south-east of Melbourne CBD, with a gross lettable area of 76,488 square metres across two levels. Anchored by David Jones, Target, Coles, Woolworths, and ALDI, it features over 205 specialty stores spanning fashion, lifestyle, and services, alongside a fresh food market hall and an outdoor dining precinct with more than 10 eateries emphasizing indoor-outdoor experiences. Annual visitor footfall stands at 14.9 million, supported by a total trade area population of 321,186, bolstered by integrated residential development including over 500 apartments housing 1,500 residents who provide a captive customer base. The centre benefits from proximity to Glen Waverley railway station and major arterials like Springvale Road, enhancing accessibility via public transport and 3,500 parking spaces. Market position is solid in Melbourne&#39;s south-east corridor, where retail sales per square metre average around AUD 10,000 annually, driven by affluent demographics with high disposable income. Occupancy rates hover near 97%, aligning with national trends for regional centres, though recent redevelopment approvals in 2023 aim to expand GLA by 20,000 square metres and add mixed-use elements to counter e-commerce pressures. Leasing advantages include flexible terms with incentives up to 30% of gross rent in specialty categories, but challenges arise from intense competition and occasional infrastructure disruptions near the station. Overall, it offers stable performance for non-discretionary and experiential retail, with risks from market saturation in fashion segments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melbourne&quot;},&quot;anchor_tenants&quot;:&quot;Woolworths, Checkers, Edgars, Ster-Kinekor&quot;,&quot;distance&quot;:7.36,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;76488&quot;,&quot;anchor_tenants&quot;:&quot;Woolworths, Checkers, Edgars, Ster-Kinekor&quot;}},{&quot;id&quot;:6357,&quot;slug&quot;:&quot;melbourne-central&quot;,&quot;name&quot;:&quot;Melbourne Central&quot;,&quot;lat&quot;:&quot;-37.8102361&quot;,&quot;lng&quot;:&quot;144.9627652&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Melbourne Central is a prominent multi-level shopping and entertainment complex located in the heart of Melbourne CBD, directly integrated with Melbourne Central railway station and tram stops, enhancing accessibility for commuters and visitors. Opened in 1985 and redeveloped in 2015, it spans approximately 120,000 square meters of gross leasable area across 10 levels, featuring over 300 specialty stores, anchor tenants including Myer department store, H\u0026M, Uniqlo, and Zara, alongside a diverse mix of fashion, beauty, electronics, and lifestyle retailers. The center also includes a significant dining precinct with more than 40 food outlets, a cinema complex, and event spaces that contribute to its role as a lifestyle destination. In terms of market position, it benefits from Melbournes vibrant urban economy, drawing an estimated 20-25 million annual visitors, supported by high pedestrian traffic from the CBDs office districts and public transport links. Occupancy rates have remained strong at around 95-98% post-redevelopment, reflecting robust demand in the premium CBD retail segment. Leasing advantages include flexible space options from 50 to 5,000 square meters, turnkey fit-outs for pop-ups, and promotional partnerships through the centers digital signage and events calendar. However, retailers should note the competitive landscape with nearby centers like Emporium Melbourne and Bourke Street Mall, which vie for similar demographics. Rent levels are elevated, averaging AUD 1,500-2,500 per square meter annually for prime locations, influenced by the centers high footfall but also subject to economic fluctuations in tourism and office occupancy. Overall, it suits mid-to-high-end retailers targeting young urban professionals aged 18-35, with strong performance in categories like fast fashion and experiential retail, though success depends on adapting to e-commerce pressures and seasonal trading patterns.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melbourne&quot;},&quot;anchor_tenants&quot;:&quot;H\u0026M, Myer (former), Uniqlo&quot;,&quot;distance&quot;:13.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;300&quot;,&quot;gla_sqm&quot;:&quot;55700&quot;,&quot;anchor_tenants&quot;:&quot;H\u0026M, Myer (former), Uniqlo&quot;}},{&quot;id&quot;:6358,&quot;slug&quot;:&quot;emporium-melbourne&quot;,&quot;name&quot;:&quot;Emporium Melbourne&quot;,&quot;lat&quot;:&quot;-37.8124234&quot;,&quot;lng&quot;:&quot;144.9638295&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Emporium Melbourne is a seven-level city centre retail property located at 287 Lonsdale Street in the heart of Melbourne CBD, Victoria, covering 44,062 square metres of gross lettable area. Opened in 2014 following a redevelopment of a heritage building, it is co-owned by Vicinity Centres (50%) and GIC (50%), with the latest enhancements completed in 2024. The property hosts 177 tenants across more than 155 specialty stores, including flagship outlets for Myer and David Jones, international brands such as UNIQLO (expanding and reopening late 2025), Nike, Lululemon, Victoria&#39;s Secret, and dining options like Haidilao Hot Pot. Tenant mix comprises 31% mini majors, 50% specialties, 11% other retail, and 8% non-retail uses, including coworking space JustCo. It attracts 19.9 million annual visitors and serves a trade area of 2.825 million people, benefiting from the dense urban demographics of office workers, young professionals, students, and tourists in the CBD. Occupancy stands at 96.7% as of June 2025, with moving annual turnover of $521.6 million or $13,977 per square metre, and specialty occupancy costs at 18.3%. As a premium fashion and lifestyle destination, it holds a strong market position in Melbourne&#39;s competitive CBD retail landscape, offering high visibility and foot traffic advantages for lessees, though high operational costs and reliance on public transport (no on-site parking) present considerations. The weighted average lease expiry is 4.1 years, providing leasing stability amid broader market trends of steady retail growth and low vacancy rates in prime areas.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melbourne&quot;},&quot;anchor_tenants&quot;:&quot;Din Tai Fung,Muji,Uniqlo,Victoria&#39;s Secret,Rebel,lululemon&quot;,&quot;distance&quot;:13.38,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;225&quot;,&quot;gla_sqm&quot;:&quot;46175&quot;,&quot;anchor_tenants&quot;:&quot;Din Tai Fung,Muji,Uniqlo,Victoria&#39;s Secret,Rebel,lululemon&quot;}},{&quot;id&quot;:6480,&quot;slug&quot;:&quot;direct-factory-outlet-moorabbin&quot;,&quot;name&quot;:&quot;Direct Factory Outlet Moorabbin&quot;,&quot;lat&quot;:&quot;-37.9710583&quot;,&quot;lng&quot;:&quot;145.0888717&quot;,&quot;property_type&quot;:&quot;Outlet&quot;,&quot;description&quot;:&quot;DFO Moorabbin is a single-level outlet shopping centre situated at 250 Centre Dandenong Road, Moorabbin Airport, Cheltenham, Victoria, about 23 kilometres southeast of the Melbourne CBD on Bunurong Country. Established in 1994 and last redeveloped in 2007, the property offers 24,419 square metres of gross leasable area and houses 125 tenants, maintaining a high occupancy rate of 99.7% as of December 2024. The tenant mix emphasises fashion, sportswear, and homewares outlets, with key brands including Adidas, Bonds Outlet, Calvin Klein, COTTON ON MEGA, lululemon, Oroton, Platypus, Polo Ralph Lauren, Provincial Home Living, PUMA, Sheridan Outlet, and Tommy Hilfiger; mini-majors account for 24% of GLA, specialties 74%, and non-retail 1%. It attracts 2.9 million annual visitors, drawing from a total trade area population of 1,688,418 in Melbourne&#39;s southeast suburbs. Accessibility features 1,362 car parking spaces, proximity to the Monash Freeway and Moorabbin Airport, and public transport via bus routes and nearby Mentone or Cheltenham train stations, though car dependency is prominent. Moving annual turnover totals $199.1 million, with sales per square metre at $8,487 overall and $8,507 for specialties, reflecting robust performance for value retail. Specialty occupancy costs stand at 13.0% of sales, inclusive of marketing levies, offering competitive terms for lessees focused on discount sales. The centre&#39;s market position as a dedicated outlet destination supports bargain-driven retail in a region with middle-income demographics, but contends with online competition, nearby enclosed malls like Westfield Southland, and a weighted average lease expiry of 2.2 years that could introduce turnover risks. Operational strengths include a 4 Star Green Star rating, 5 Star NABERS Energy rating, and 4.5 Star NABERS Water rating, though aging infrastructure may necessitate future investments. Leasing advantages lie in high footfall for promotions and flexible spaces for pop-ups, balanced against market saturation in apparel categories and economic sensitivities affecting discretionary spending.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melbourne&quot;},&quot;anchor_tenants&quot;:&quot;Adidas, Bonds Outlet, Calvin Klein, COTTON:ON MEGA, lululemon, Platypus, Provincial Home Living, PUMA, Sheridan Outlet, Tommy Hilfiger&quot;,&quot;distance&quot;:9.27,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;110&quot;,&quot;gla_sqm&quot;:&quot;24414&quot;,&quot;anchor_tenants&quot;:&quot;Adidas, Bonds Outlet, Calvin Klein, COTTON:ON MEGA, lululemon, Platypus, Provincial Home Living, PUMA, Sheridan Outlet, Tommy Hilfiger&quot;}},{&quot;id&quot;:7053,&quot;slug&quot;:&quot;the-glen-shopping-centre-1&quot;,&quot;name&quot;:&quot;The Glen Shopping Centre&quot;,&quot;lat&quot;:&quot;-37.8763093&quot;,&quot;lng&quot;:&quot;145.1652131&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;The Glen Shopping Centre is a major regional retail destination in Glen Waverley, approximately 26 kilometres south-east of Melbourne CBD, with a gross lettable area of 76,488 square metres across two levels. Anchored by David Jones, Target, Coles, Woolworths, and ALDI, it features over 205 specialty stores spanning fashion, lifestyle, and services, alongside a fresh food market hall and an outdoor dining precinct with more than 10 eateries emphasizing indoor-outdoor experiences. Annual visitor footfall stands at 14.9 million, supported by a total trade area population of 321,186, bolstered by integrated residential development including over 500 apartments housing 1,500 residents who provide a captive customer base. The centre benefits from proximity to Glen Waverley railway station and major arterials like Springvale Road, enhancing accessibility via public transport and 3,500 parking spaces. Market position is solid in Melbourne&#39;s south-east corridor, where retail sales per square metre average around AUD 10,000 annually, driven by affluent demographics with high disposable income. Occupancy rates hover near 97%, aligning with national trends for regional centres, though recent redevelopment approvals in 2023 aim to expand GLA by 20,000 square metres and add mixed-use elements to counter e-commerce pressures. Leasing advantages include flexible terms with incentives up to 30% of gross rent in specialty categories, but challenges arise from intense competition and occasional infrastructure disruptions near the station. Overall, it offers stable performance for non-discretionary and experiential retail, with risks from market saturation in fashion segments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melbourne&quot;},&quot;anchor_tenants&quot;:&quot;David Jones, Target, ALDI, Coles, Woolworths&quot;,&quot;distance&quot;:7.36,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;76488&quot;,&quot;anchor_tenants&quot;:&quot;David Jones, Target, ALDI, Coles, Woolworths&quot;}},{&quot;id&quot;:6359,&quot;slug&quot;:&quot;qv-melbourne&quot;,&quot;name&quot;:&quot;Qv Melbourne&quot;,&quot;lat&quot;:&quot;-37.810632&quot;,&quot;lng&quot;:&quot;144.9656403&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;QV Melbourne is an urban retail precinct in the heart of Melbourne CBD, spanning a full city block bounded by Lonsdale, Little Lonsdale, Swanston, and Russell Streets, adjacent to the State Library of Victoria. Developed in the early 2000s on the former Queen Victoria Hospital site, it features an open-air design with interconnected laneways inspired by Melbourne&#39;s historic arcades, blending shopping, dining, and residential elements across four main buildings (QV1 to QV4), including high-rise apartments. The gross leasable area (GLA) is approximately 30,000 square meters, accommodating over 120 specialty stores focused on fashion, beauty, lifestyle, and convenience retail, with a full-size supermarket as a key anchor providing everyday essentials. Tenant mix emphasizes diverse categories: fashion (global brands like Uniqlo and local boutiques), groceries (supermarket and specialty food), health and beauty (pharmacies and salons), home and tech (electronics and homewares), and services (banks, dry cleaners). Dining options span casual eateries, international cuisine, and a food hall, attracting food enthusiasts with laneway seating. Owned and operated by Vicinity Centres, a major Australian REIT, QV benefits from strong market positioning in a high-density CBD environment with 500,000 daily workers, 150,000 residents, and millions of annual visitors. Footfall is robust, estimated at 10-15 million annual visits, driven by proximity to public transport (trams on Swanston Street, nearby Parliament railway station) and 1,500 undercover parking spaces open 24/7. Occupancy rates hover around 95%, aligning with Melbourne CBD&#39;s low vacancy of 6.9% in mid-2025, supported by resilient retail sales growth of 8% year-on-year. Rent levels average AUD 1,200-1,800 per square meter annually for prime spaces, with incentives like rent-free periods for new tenants. Leasing advantages include flexible spaces from 50-500 sqm, strong co-tenancy with anchors ensuring traffic, and mixed-use synergy boosting dwell time. However, challenges include intense competition from nearby precincts like Emporium and Melbourne Central, potential footfall fluctuations from CBD events or economic shifts, and higher operational costs due to urban density. Market factors such as population growth and tourism recovery (12.96 million visitors in 2024) enhance performance, though saturation in fashion categories poses risks for niche retailers.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melbourne&quot;},&quot;anchor_tenants&quot;:&quot;Woolworths, Big W, Harvey Norman&quot;,&quot;distance&quot;:13.38,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Woolworths, Big W, Harvey Norman&quot;}},{&quot;id&quot;:7039,&quot;slug&quot;:&quot;westfield-doncaster&quot;,&quot;name&quot;:&quot;Westfield Doncaster&quot;,&quot;lat&quot;:&quot;-37.7868921&quot;,&quot;lng&quot;:&quot;145.125484&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Westfield Doncaster is a major regional shopping centre located 17 kilometres east of Melbourne CBD in the affluent Doncaster suburb, with a gross leasable area of 123,126 square metres. It serves a trade area population exceeding 768,000, with an accessible market of around 1.4 million residents, characterized by higher-than-average incomes and family-oriented demographics in Melbournes eastern suburbs. The centres total annual retail spend reached $13.5 billion in 2024, with per capita spending at $17,587, surpassing the metro average by 6%. Anchored by David Jones, Myer, BIG W, Kmart, Coles, and Woolworths, it features over 300 specialty stores across fashion, beauty, lifestyle, and homewares, complemented by more than 60 dining options and entertainment including Village Cinemas. Occupancy stands at approximately 99%, reflecting strong demand and minimal vacancies, supported by Scentre Groups overall portfolio performance. Accessibility is facilitated by major roads like Doncaster and Williamsons Roads, with 6,000 parking spaces, public transport links via buses from Box Hill station, and taxi ranks, though peak-hour traffic on Doncaster Hill poses challenges. The tenant mix emphasizes premium and mid-tier retail, attracting middle-to-upper-income shoppers, with recent expansions enhancing leisure and dining to boost dwell time. Leasing advantages include positive rental growth, with Scentre reporting 1.7% leasing spreads and 5.5% turnover rent increases, in a market where eastern Melbourne retail benefits from population growth but faces competition from larger centres like Chadstone and online channels. Potential drawbacks encompass aging infrastructure in some areas post-2017 redevelopment, market saturation in fashion categories, and vulnerability to economic downturns affecting discretionary spending. Overall, it maintains a robust market position as a top performer in the region, with high footfall driven by its diverse offerings and proximity to residential growth areas.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melbourne&quot;},&quot;anchor_tenants&quot;:&quot;Myer, David Jones, Woolworths, Coles, Kmart, Big W&quot;,&quot;distance&quot;:11.84,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;413&quot;,&quot;gla_sqm&quot;:&quot;123126&quot;,&quot;anchor_tenants&quot;:&quot;Myer, David Jones, Woolworths, Coles, Kmart, Big W&quot;}}],&quot;outside&quot;:[{&quot;id&quot;:6295,&quot;slug&quot;:&quot;highpoint-shopping-centre&quot;,&quot;name&quot;:&quot;Highpoint Shopping Centre&quot;,&quot;lat&quot;:&quot;-37.7737654&quot;,&quot;lng&quot;:&quot;144.8896643&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Highpoint Shopping Centre, located in Maribyrnong on the western fringe of Melbourne, spans approximately 177,000 square meters of gross leasable area, making it Victorias third-largest shopping centre and Australias fifth-largest by size. Opened in 1985 and expanded multiple times, the most recent redevelopment in 2013 added premium retail spaces and improved connectivity. It attracts over 15 million visitors annually, generating around $778 million in turnover, with sales per square meter exceeding industry averages for regional malls at approximately $10,000. Occupancy rates have remained robust at 98-99% post-2022, supported by strong leasing momentum with 231 deals in recent quarters. The tenant mix comprises over 450 stores, anchored by major department stores Myer and David Jones, alongside discount retailers Kmart and Target, supermarkets Coles and Woolworths, and international brands like Zara, H\u0026M, Apple, and Uniqlo. Fashion and lifestyle categories dominate with 40% of space, followed by food and beverage at 25%, providing a balanced draw for diverse consumer needs. Accessibility is enhanced by proximity to the Maribyrnong River and integration with public transport including West Footscray station and multiple bus routes, though peak-hour traffic on Rosamond Road poses challenges. Demographically, it serves a catchment of 1.2 million residents in Melbournes growth-oriented western suburbs, characterized by middle-income households (median $1,500 weekly) and a family-oriented population with 30% under 18 years. Market position is strong as a dominant sub-regional hub, benefiting from urban expansion and limited direct competition within a 10km radius. Leasing advantages include flexible terms for mid-sized retailers, specialty leasing options in high-traffic zones, and marketing support through centre events, though base rents average $500-700 per square meter annually, reflecting premium positioning amid rising operational costs. Potential drawbacks involve saturation in fashion categories and vulnerability to e-commerce shifts, necessitating adaptive merchandising. Overall, it offers stable performance for retailers targeting value-conscious shoppers in a resilient market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melbourne&quot;},&quot;anchor_tenants&quot;:&quot;Myer, David Jones, Target, Kmart, Coles, Big W, Zara, Apple, UNIQLO&quot;,&quot;distance&quot;:21.17,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;480&quot;,&quot;gla_sqm&quot;:&quot;149600&quot;,&quot;anchor_tenants&quot;:&quot;Myer, David Jones, Target, Kmart, Coles, Big W, Zara, Apple, UNIQLO&quot;}},{&quot;id&quot;:6713,&quot;slug&quot;:&quot;altona-gate-shopping-centre&quot;,&quot;name&quot;:&quot;Altona Gate Shopping Centre&quot;,&quot;lat&quot;:&quot;-37.8277061&quot;,&quot;lng&quot;:&quot;144.8477003&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Altona Gate Shopping Centre is a sub-regional retail property located in Altona North, approximately 13 kilometres west of Melbourne CBD, on Bunurong Country at 124-134 Millers Road. The centre spans a gross leasable area of 25,216 square metres across four levels, including a basement car park with 1,406 spaces. It is anchored by major tenants Kmart (33% of GLA), Coles, and ALDI (23% of mix), complemented by over 45 specialty stores totalling 25% of the mix, such as Platypus for footwear, House for homewares, Bed Bath N\&quot; Table for lifestyle goods, and Saccas Fine Foods for gourmet options. Mini majors like Chemist Warehouse, Cotton On Mega, and Skechers enhance the fashion and health categories. The tenant mix emphasises convenience retail, discount department stores (33%), and mini majors (11%), with non-retail at 3%. Serving a total trade area of 155,058 residents in Melbourne\&quot;s expanding western suburbs, the demographics feature a diverse population including significant Italian, Greek, and Vietnamese communities, with median household incomes around AUD 1,500 weekly and a mix of families and young professionals. Annual footfall stands at 3.5 million visitors, driving moving annual turnover of AUD 165.2 million, with total sales per square metre at AUD 8,535 and specialty at AUD 8,070. Occupancy rate is robust at 99%, reflecting strong leasing demand and market stability. Leasing advantages include competitive specialty occupancy costs of 13.2% (including marketing levy, GST inclusive), a weighted average lease expiry of 5.0 years providing tenure security, and operational ratings of NABERS 5 Star Energy and 4.5 Star Water, alongside Green Star 4 Star. However, the centre, originally opened in 1977 and last redeveloped in 2014, faces potential challenges from aging infrastructure in some areas and competition from larger regional malls like Highpoint (15km away) and Watergardens, amid broader market saturation in convenience retail categories. Accessibility is supported by proximity to major roads like Millers Road and the West Gate Freeway, though public transport options are moderate via bus services.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melbourne&quot;},&quot;anchor_tenants&quot;:&quot;ALDI, Coles, Kmart&quot;,&quot;distance&quot;:21.68,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;85&quot;,&quot;gla_sqm&quot;:&quot;27000&quot;,&quot;anchor_tenants&quot;:&quot;ALDI, Coles, Kmart&quot;}},{&quot;id&quot;:6543,&quot;slug&quot;:&quot;watergardens-shopping-centre&quot;,&quot;name&quot;:&quot;Watergardens Shopping Centre&quot;,&quot;lat&quot;:&quot;-37.6995475&quot;,&quot;lng&quot;:&quot;144.7773828&quot;,&quot;property_type&quot;:&quot;Super Regional&quot;,&quot;description&quot;:&quot;Watergardens Shopping Centre, located at 399 Melton Highway in Taylors Lakes, approximately 27 km northwest of Melbourne CBD, serves as a key retail hub in Victorias western suburbs. Opened in 1997 and owned by QIC Global Real Estate, it spans over 115,000 square meters of gross leasable area with around 250 stores. The tenant mix includes major anchors such as Woolworths, Aldi, Kmart, Big W, JB Hi-Fi, Rebel Sport, and Hoyts Cinemas, alongside specialty fashion, dining, and entertainment options like Zone Bowling and Timezone on the rooftop. An adjacent homemaker centre features Bunnings and Harvey Norman, enhancing convenience for bulky goods shopping. The centres market position is strong within the rapidly growing north-western corridor, benefiting from a loyal local customer base and positioning as a community focal point. Accessibility is a notable advantage, with direct integration to Watergardens railway station on the Sunbury line, multiple bus routes, and over 4,700 free parking spaces, including timed zones for express visits. Demographic catchment includes families in expanding suburbs like Taylors Lakes and Sydenham, with a focus on everyday essentials and leisure. Leasing opportunities benefit from high visibility and footfall driven by transport links, though specialty rents may range from AUD 300-600 per square meter annually based on Melbourne suburban benchmarks, with occupancy costs around 10-12 percent of turnover. Challenges include competition from nearby centres like Caroline Springs and potential infrastructure upgrades needed for a 28-year-old facility, amid broader retail shifts toward e-commerce. Overall, it offers stable performance for tenants targeting middle-income families, with balanced risks from market saturation in groceries and apparel categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melbourne&quot;},&quot;anchor_tenants&quot;:&quot;Myer, Big W, Kmart, Coles, Woolworths&quot;,&quot;distance&quot;:34.02,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;220&quot;,&quot;gla_sqm&quot;:&quot;98000&quot;,&quot;anchor_tenants&quot;:&quot;Myer, Big W, Kmart, Coles, Woolworths&quot;}}]}" data-map-update-url-value="/malls/chadstone-shopping-centre" id="mall-map-wrapper"><div data-city="Melbourne" data-current-mall="true" data-id="chadstone-shopping-centre" data-lat="-37.8878465" data-lng="145.082586" data-map-target="mall" data-name="Chadstone Shopping Centre" style="display: none;"></div><div data-map-target="map" id="map"></div><div class="demographic-panel collapsed" data-map-target="demographicPanel"><div class="panel-header"><h4><i aria-hidden="true" class="ri-bar-chart-line"></i> Market Demographics</h4><button class="toggle-btn" onclick="this.parentElement.parentElement.classList.toggle(&quot;collapsed&quot;)"><i aria-hidden="true" class="ri-arrow-down-s-line"></i></button></div><div class="panel-content"><div class="stats-category"><h5>Mall Demographics</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5-10 km radius km</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">10-30 km radius km</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">1,000,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">2.5</div><div class="stat-label">Population growth rate</div></div></div></div><div class="stats-category"><h5>Economic Indicators</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">$103,880 AUD per year</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">4.2</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">105 Index (Melbourne=100)</div><div class="stat-label">Cost of living index</div></div></div></div><div class="stats-category"><h5>Consumer Spending</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">$12,500 AUD per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">$2,800 AUD per capita per year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">$4,200 AUD per capita per year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">$1,500 AUD per capita per year</div><div class="stat-label">Spending on electronics</div></div></div></div><div class="stats-category"><h5>Mall Traffic &amp; Performance</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">20,000,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">120 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">25.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">$14,000 AUD per sqm per year</div><div class="stat-label">Sales per square meter</div></div></div></div><div class="stats-category"><h5>Competition &amp; Tenant Mix</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">550 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes, 8 major anchors</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">Medium</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">Tenant diversity</div></div></div></div><div class="stats-category"><h5>Real Estate &amp; Leasing</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">233,243 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">4 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">$1,200 AUD per sqm per year</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">2.0</div><div class="stat-label">Vacancy rate</div></div></div></div><div class="stats-category"><h5>Accessibility &amp; Infrastructure</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Direct access to Dandenong By-pass and Waverley Rd</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Good, multiple bus routes; 3 km to nearest train</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">7,700 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">Pedestrian traffic</div></div></div></div><div class="stats-category"><h5>Digital &amp; E-commerce Trends</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">High, with Parcel Concierge</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">95.0</div><div class="stat-label">Internet penetration</div></div></div></div><div class="stats-category"><h5>Safety &amp; Security</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Medium, 315 offences in 2022 Offences per year</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">Comprehensive, on-site guards and CCTV</div><div class="stat-label">Security measures</div></div></div></div><div class="stats-category"><h5>Marketing &amp; Events</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Multiple annual events</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">Chadstone First, high engagement %</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Extensive</div><div class="stat-label">Digital signage presence</div></div></div></div><div class="stats-category"><h5>Growth Potential</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Ongoing, 50+ new concepts</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">A$685m redevelopment ongoing AUD</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>