<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="-37.8102361" data-lng="144.9627652" data-map-catchment-data-value="{&quot;lat&quot;:&quot;-37.8102361&quot;,&quot;lng&quot;:&quot;144.9627652&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:1500000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;5 km&quot;,&quot;description&quot;:&quot;Primary catchment defined as 5 km radius around the mall in Melbourne CBD&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;20 km&quot;,&quot;description&quot;:&quot;Secondary catchment defined as 20 km radius extending to greater Melbourne&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;1,500,000 People&quot;,&quot;description&quot;:&quot;Estimated population within primary 10 km radius, based on Melbourne metro demographics and CBD density&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;2.0&quot;,&quot;description&quot;:&quot;Annual population growth rate for Greater Melbourne area&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;30 Years&quot;,&quot;description&quot;:&quot;Median age of residents in Melbourne CBD area&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;2.6 People per household&quot;,&quot;description&quot;:&quot;Average household size in Melbourne&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;65.0&quot;,&quot;description&quot;:&quot;Percentage of population with bachelor or higher degree in City of Melbourne&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;98,800 AUD per year&quot;,&quot;description&quot;:&quot;Median annual household income equivalent from $1,900 weekly in Melbourne&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;4.5&quot;,&quot;description&quot;:&quot;Unemployment rate in Melbourne labour market&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;105 Index (Australia=100)&quot;,&quot;description&quot;:&quot;Cost of living index for Melbourne relative to national average&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;10,000 AUD per year&quot;,&quot;description&quot;:&quot;Estimated annual retail spending per capita in Australia, adjusted for Melbourne&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;1,000 AUD per year&quot;,&quot;description&quot;:&quot;Annual per capita spending on apparel in Australian retail market&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;5,000 AUD per year&quot;,&quot;description&quot;:&quot;Annual per capita spending on groceries in Australia&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;1,200 AUD per year&quot;,&quot;description&quot;:&quot;Annual per capita spending on electronics in Australian consumer market&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;25,000,000 Visitors&quot;,&quot;description&quot;:&quot;Estimated annual visitors based on 4 million in peak month and CBD trends&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;90 Minutes&quot;,&quot;description&quot;:&quot;Average dwell time for shoppers in major Australian malls&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Estimated percentage of visitors making a purchase in CBD retail&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;10,000 AUD per sqm per year&quot;,&quot;description&quot;:&quot;Estimated annual sales per square meter in premium CBD malls&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;300 Stores&quot;,&quot;description&quot;:&quot;Number of retailers across five levels in Melbourne Central&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Major anchors like Myer and entertainment precinct present&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;High Density&quot;,&quot;description&quot;:&quot;High density of competing malls in Melbourne CBD like Emporium&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High Diversity&quot;,&quot;description&quot;:&quot;Diverse mix including fashion, dining, and lifestyle&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Unique entertainment and vibrant precinct concepts&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;55,700 sqm&quot;,&quot;description&quot;:&quot;Total gross leasable area of Melbourne Central&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;5 Levels&quot;,&quot;description&quot;:&quot;Number of retail levels in the centre&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;1,500 AUD per sqm per year&quot;,&quot;description&quot;:&quot;Estimated average prime retail rent in Melbourne CBD&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;5.5&quot;,&quot;description&quot;:&quot;Current retail vacancy rate in Melbourne CBD&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;3-5 years Years&quot;,&quot;description&quot;:&quot;Standard lease terms with some flexibility for CBD retail&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Estimated available space based on low vacancy trends&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Central Location&quot;,&quot;description&quot;:&quot;Directly in CBD with access to major roads like Swanston Street&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Excellent Access&quot;,&quot;description&quot;:&quot;Built above Melbourne Central Station with train, tram integration&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;800 Spaces&quot;,&quot;description&quot;:&quot;Accessible underground parking spaces available&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High Traffic&quot;,&quot;description&quot;:&quot;High pedestrian flow in busy CBD location&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High Competition&quot;,&quot;description&quot;:&quot;13.7% of total retail trade via e-commerce in Australia&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;42.0&quot;,&quot;description&quot;:&quot;Percentage of omnichannel shoppers using click-and-collect&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;90.0&quot;,&quot;description&quot;:&quot;Internet penetration rate in Australian households&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Recent year-on-year increase in retail crime incidents in Victoria&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;CCTV, Guards, Body Cams Measures&quot;,&quot;description&quot;:&quot;Includes CCTV surveillance, security guards, and body cameras in stores&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Multiple annually Events&quot;,&quot;description&quot;:&quot;Regular events like spring expansions and seasonal promotions&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;70.0&quot;,&quot;description&quot;:&quot;High penetration of retailer loyalty programs among shoppers&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Digital signage throughout the centre for promotions&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;Projected annual growth in foot traffic post-recovery&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Yes Pipeline&quot;,&quot;description&quot;:&quot;Ongoing new openings in fashion, dining, and lifestyle&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Major transformation Plans&quot;,&quot;description&quot;:&quot;Includes 2,000 sqm public oasis and redevelopment&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&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;:0.26,&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;: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;:0.6,&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;: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;:0.26,&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;secondary&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;:7.6,&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;:6271,&quot;slug&quot;:&quot;chadstone-shopping-centre&quot;,&quot;name&quot;:&quot;Chadstone Shopping Centre&quot;,&quot;lat&quot;:&quot;-37.8878465&quot;,&quot;lng&quot;:&quot;145.082586&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Chadstone Shopping Centre, located in Malvern East in Melbournes southeast suburbs, spans approximately 240,000 square metres of gross leasable area, making it Australias largest shopping centre by retail sales, which reached nearly 2.7 billion AUD in the latest reported year, up 16 percent from pre-pandemic levels. Jointly owned by Vicinity Centres and the Gandel Group, it attracts 18.3 million annual visitors, bolstered by recent expansions including the 10,350 square metre Social Quarter with 17 entertainment and dining tenants, and ongoing additions of over 11,000 parking spaces to address previous congestion issues. The tenant mix is diversified, featuring anchor department stores Myer and David Jones, luxury international brands like Louis Vuitton and Chanel, supermarkets such as Coles and Woolworths, over 90 dining options, and entertainment facilities including HOYTS Cinemas. Its market position is dominant in the affluent southeast Melbourne region, serving a catchment of over 1.5 million people with above-average household incomes exceeding 120,000 AUD annually, driven by professional demographics in areas like Toorak and Brighton. Leasing advantages include high footfall with a 36 percent year-on-year visitation increase in Q4 FY25, low vacancy rates under 5 percent, and premium positioning that supports strong sales per square metre exceeding 15,000 AUD. However, potential challenges involve high base rents averaging 1,200-1,800 AUD per square metre annually in prime locations, competition from online retail, and nearby centres like Southland and Knox City, though Chadstones scale and ongoing investments in office towers like One Middle Road (over 50 percent pre-leased) enhance its appeal for retailers seeking high-traffic, upscale environments. Operational quality is high with modern infrastructure, but aging elements in original sections may require future capex considerations for tenants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melbourne&quot;},&quot;anchor_tenants&quot;:&quot;Myer, David Jones, Kmart, Target, Coles, Woolworths, Aldi&quot;,&quot;distance&quot;:13.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;550&quot;,&quot;gla_sqm&quot;:&quot;233243&quot;,&quot;anchor_tenants&quot;:&quot;Myer, David Jones, Kmart, Target, Coles, Woolworths, Aldi&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;:10.29,&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;: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;:14.53,&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;: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;:19.24,&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;: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;:21.03,&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;: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;:20.42,&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;}},{&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;:19.24,&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;}}]}" data-map-update-url-value="/malls/melbourne-central" id="mall-map-wrapper"><div data-city="Melbourne" data-current-mall="true" data-id="melbourne-central" data-lat="-37.8102361" data-lng="144.9627652" data-map-target="mall" data-name="Melbourne Central" 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 km</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">20 km</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">1,500,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">2.0</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">98,800 AUD per year</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">4.5</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">105 Index (Australia=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">10,000 AUD per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">1,000 AUD per year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">5,000 AUD per year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">1,200 AUD 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">25,000,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">90 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">10,000 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">300 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">High Density</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High Diversity</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">55,700 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">5 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">1,500 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">5.5</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">Central Location</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Excellent Access</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">800 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">High Traffic</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 Competition</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">42.0</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">90.0</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">20.0</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">CCTV, Guards, Body Cams Measures</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 annually Events</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">70.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes Presence</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">Yes Pipeline</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Major transformation Plans</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>