<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="-38.0175702" data-lng="145.3042624" data-map-catchment-data-value="{&quot;lat&quot;:&quot;-38.0175702&quot;,&quot;lng&quot;:&quot;145.3042624&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:647000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;437,600 People&quot;,&quot;description&quot;:&quot;Main Trade Area population estimated for 2024, core customer base within primary radius&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;209,400 People&quot;,&quot;description&quot;:&quot;Wider trade area population, extending beyond primary catchment&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;647,000 People&quot;,&quot;description&quot;:&quot;Total trade area population in 2024, indicating overall potential customer base&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.43&quot;,&quot;description&quot;:&quot;Annual population growth rate for core catchment as of 2024&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;36 Years&quot;,&quot;description&quot;:&quot;Estimated median age in the City of Casey catchment area&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;3.02 Persons&quot;,&quot;description&quot;:&quot;Average household size in wider catchment from 2021 census&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;28.0&quot;,&quot;description&quot;:&quot;Percentage of population with tertiary education in Casey LGA, inferred for catchment&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;93,600 AUD/year&quot;,&quot;description&quot;:&quot;Estimated median annual household income for Narre Warren area based on recent data&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;5.5&quot;,&quot;description&quot;:&quot;Unemployment rate in City of Casey, reflecting local economic conditions&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;105 Index&quot;,&quot;description&quot;:&quot;Cost of living index relative to national average of 100 for Melbourne suburbs&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;12,500 AUD/year&quot;,&quot;description&quot;:&quot;Estimated annual retail spending per capita in Australian suburban areas&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;1,200 AUD/year&quot;,&quot;description&quot;:&quot;Average annual spending on apparel per household in Australia, adjusted for area&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;6,000 AUD/year&quot;,&quot;description&quot;:&quot;Average annual grocery spending per household in Melbourne region&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;800 AUD/year&quot;,&quot;description&quot;:&quot;Estimated annual spending on electronics per capita in Australia&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 for one of Australia&#39;s largest shopping centres&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 super-regional 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&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;12,000 AUD/sqm/year&quot;,&quot;description&quot;:&quot;Estimated sales turnover per square meter annually&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;409 Stores&quot;,&quot;description&quot;:&quot;Total number of specialty stores in the centre&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Major anchors include Myer, Target, Kmart, Coles, Woolworths&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;Medium Density&quot;,&quot;description&quot;:&quot;Nearby competitors like Westfield Southland and local strips&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High Diversity&quot;,&quot;description&quot;:&quot;Mix of fashion, food, entertainment, and services&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Multiple Concepts&quot;,&quot;description&quot;:&quot;Includes event spaces, dining precincts, and experiential retail&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;177,000 sqm&quot;,&quot;description&quot;:&quot;Total gross leasable area of the shopping centre&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;3 Levels&quot;,&quot;description&quot;:&quot;Multi-level structure with ground, first, and upper levels&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;650 AUD/sqm/year&quot;,&quot;description&quot;:&quot;Estimated average prime retail rent in Melbourne suburbs&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;4.5&quot;,&quot;description&quot;:&quot;Low vacancy rate typical for high-performing centres&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Medium Flexibility&quot;,&quot;description&quot;:&quot;Standard 3-5 year leases with renewal options&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;5,000 sqm&quot;,&quot;description&quot;:&quot;Estimated current available space based on low vacancy&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;High Proximity&quot;,&quot;description&quot;:&quot;Direct access to Princes Highway and local arterials&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;High Access&quot;,&quot;description&quot;:&quot;Bus interchange on-site, near Narre Warren train station&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;13,000 Spaces&quot;,&quot;description&quot;:&quot;Total undercover and open parking available&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High Traffic&quot;,&quot;description&quot;:&quot;Strong pedestrian flow from local residential areas&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;Strong online retail presence in Australia impacting physical sales&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;70.0&quot;,&quot;description&quot;:&quot;Percentage of Australian consumers preferring click-and-collect&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;92.0&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;High Rate&quot;,&quot;description&quot;:&quot;104% increase in offences from 2014-2019, thefts up 30%&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;Advanced Measures&quot;,&quot;description&quot;:&quot;Security guards with vests, body cams, and patrols&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Frequent Events&quot;,&quot;description&quot;:&quot;Regular promotions, seasonal events, and community activities&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;High Penetration&quot;,&quot;description&quot;:&quot;Westfield Plus loyalty program widely used&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Digital screens and interactive displays throughout&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;3.0&quot;,&quot;description&quot;:&quot;Expected growth aligned with population increase&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Strong Pipeline&quot;,&quot;description&quot;:&quot;Ongoing recruitment for expansions and renewals&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Ongoing Plans&quot;,&quot;description&quot;:&quot;Recent Fountain Gate Central addition of 14,300 sqm&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:6705,&quot;slug&quot;:&quot;fountain-gate-shopping-centre&quot;,&quot;name&quot;:&quot;Fountain Gate Shopping Centre&quot;,&quot;lat&quot;:&quot;-38.0175702&quot;,&quot;lng&quot;:&quot;145.3042624&quot;,&quot;property_type&quot;:&quot;Super Regional&quot;,&quot;description&quot;:&quot;Fountain Gate Shopping Centre, situated in Narre Warren, Victoria, approximately 45 km southeast of Melbourne CBD, operates as a super-regional retail hub with a gross leasable area of 173,079 square meters. Established in 1970 and significantly expanded in 2012, it hosts over 420 retailers, including key anchors Myer, Kmart, Target, and Coles supermarkets, complemented by a diverse tenant mix spanning fashion, electronics, health and beauty, dining outlets, and entertainment facilities such as Village Cinemas. The centre serves a trade area of 647,600 residents in the rapidly growing City of Casey, characterized by suburban families with middle-income profiles and a population density over 2,000 people per square kilometer, driving demand for value and convenience retail. Annual footfall reaches 15.6 million visitors, bolstered by proximity to Narre Warren railway station (1 km away) and extensive bus networks. Occupancy levels remain robust, often exceeding 95 percent for premier assets like this, reflecting strong market position as Australias second-largest shopping centre by GLA. Leasing opportunities benefit from high visibility, cross-traffic from anchors, and demographic growth supporting sustained performance. However, contextual factors include competitive pressures from nearby centres like Chadstone and Southland, potential traffic congestion on access roads, and evolving retail categories amid e-commerce growth. Rent structures typically feature base plus turnover components, aligning with sales performance in a mature market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Narre Warren&quot;},&quot;anchor_tenants&quot;:&quot;Myer, BIG W, Kmart, Target, Coles, Woolworths, ALDI, Village Cinemas&quot;,&quot;distance&quot;:0.0,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;440&quot;,&quot;gla_sqm&quot;:&quot;177755&quot;,&quot;anchor_tenants&quot;:&quot;Myer, BIG W, Kmart, Target, Coles, Woolworths, ALDI, Village Cinemas&quot;}}],&quot;secondary&quot;:[],&quot;outside&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;:37.58,&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;:30.07,&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;id&quot;:6321,&quot;slug&quot;:&quot;westfield-southland&quot;,&quot;name&quot;:&quot;Westfield Southland&quot;,&quot;lat&quot;:&quot;-37.9584584&quot;,&quot;lng&quot;:&quot;145.0510807&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Westfield Southland is a major regional shopping centre located in Cheltenham, a suburb 16 kilometres south-east of Melbourne&#39;s CBD in Victoria, Australia. Opened in 1968 and expanded multiple times, it spans 129,180 square metres of gross leasable area and houses approximately 400 specialty stores. Anchor tenants include Myer, David Jones, Kmart, Target, Big W, Coles, Woolworths, Aldi, Harris Scarfe, and Village Cinemas, offering a diverse tenant mix focused on fashion, lifestyle, supermarkets, and entertainment. The centre serves a total trade area population of about 602,000 residents, with a main trade area retail spend of $6.3 billion in 2024 and per capita spending of $19,197, which is 16% above the Melbourne metropolitan average. As part of Scentre Group&#39;s portfolio, it benefits from high occupancy rates around 99.7% and strong operational performance, with portfolio-wide visitations reaching 340 million in the first half of 2025, up 3% year-on-year. Accessibility is supported by Southland and Cheltenham railway stations on the Frankston line, multiple bus routes, and proximity to the Nepean Highway. Ongoing redevelopment, including the first stage completed in 2025, enhances appeal with expanded retail and entertainment options. Leasing advantages include stable occupancy, affluent demographics in a growing suburb, and robust footfall driven by family-oriented and professional shoppers. However, retailers should note potential challenges such as intense competition from larger centres like Chadstone and online retail, traffic congestion during peak times, and market saturation in certain categories like apparel amid economic pressures.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Cheltenham&quot;},&quot;anchor_tenants&quot;:&quot;Myer, David Jones, Kmart, Target, Big W, Coles, Woolworths&quot;,&quot;distance&quot;:23.14,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;128000&quot;,&quot;anchor_tenants&quot;:&quot;Myer, David Jones, Kmart, Target, Big W, Coles, Woolworths&quot;}},{&quot;id&quot;:6322,&quot;slug&quot;:&quot;northland-shopping-centre&quot;,&quot;name&quot;:&quot;Northland Shopping Centre&quot;,&quot;lat&quot;:&quot;-37.7389461&quot;,&quot;lng&quot;:&quot;145.0299969&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Northland Shopping Centre, situated in Preston, Victoria, about 13 km north-east of Melbourne CBD, functions as a prominent two-level major regional retail hub with 98,218 sqm gross leasable area. Established in 1966, it has evolved through redevelopments, notably the 2023 addition of an outdoor entertainment and dining precinct featuring family play areas and diverse eateries, positioning it as a leisure destination in northern suburbs. Jointly owned by Vicinity Centres and Nikos Property Group post a 2025 50% stake sale for $385 million, this transaction underscores investor interest in suburban retail assets. The tenant mix includes over 210 specialty outlets, anchored by Myer department store, Kmart and Target discount varieties, ALDI and Coles supermarkets, Woolworths, and HOYTS Cinemas. Prominent mini-majors encompass H\u0026M, UNIQLO, JB Hi-Fi, Rebel Sport, and TK Maxx, emphasizing fashion, electronics, and lifestyle categories alongside international brands like Sephora. Serving a trade area of 543,107 residents in Darebin and adjacent LGAs, the catchment reflects multicultural demographics with strong migrant communities and annual population growth of 2-3%. Annual footfall totals 12 million, driven by convenience shopping and experiential offerings. Leasing opportunities benefit from high visibility, stable demand from middle-income households, and flexible terms in expanding categories like health and dining; however, risks include competition from e-commerce and nearby centres, occasional operational disruptions, and elevated specialty rents averaging $650/sqm that may strain smaller tenants amid economic volatility.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Preston&quot;},&quot;anchor_tenants&quot;:&quot;Myer, Kmart, Target, ALDI, Coles, Woolworths, HOYTS Cinemas&quot;,&quot;distance&quot;:39.23,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;98218&quot;,&quot;anchor_tenants&quot;:&quot;Myer, Kmart, Target, ALDI, Coles, Woolworths, HOYTS Cinemas&quot;}},{&quot;id&quot;:6456,&quot;slug&quot;:&quot;the-pines-shopping-centre&quot;,&quot;name&quot;:&quot;The Pines Shopping Centre&quot;,&quot;lat&quot;:&quot;-37.7619566&quot;,&quot;lng&quot;:&quot;145.1686409&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;The Pines Shopping Centre is a sub-regional retail property located at 181 Reynolds Road in Doncaster East, an affluent middle-ring suburb approximately 20 km east of Melbourne CBD, Victoria, Australia. With a gross leasable area of approximately 32,000 square meters, it serves as a key convenience destination for local residents. The centre features four major anchors: Coles, Woolworths, ALDI, and Kmart, complemented by over 90 specialty stores focusing on fresh food markets, fast food and casual dining options, health and beauty services, fashion, and general merchandise. Amenities include a community library, medical centre, several banks, and undercover parking for over 1,500 vehicles, enhancing accessibility via nearby public transport and major roads like Blackburn and Reynolds Roads. The catchment area encompasses Doncaster East, Templestowe, and parts of Warrandyte, with a trade area population exceeding 150,000, characterized by higher-than-average household incomes around AUD 1,800 weekly and a median age of 41, including a significant proportion of families and professionals. Market position is strong in everyday grocery and discount retail, supported by revitalization efforts in recent years that improved layout and tenant appeal. Leasing advantages include stable occupancy rates near 98%, competitive rent levels averaging AUD 400-600 per square meter annually for specialty spaces, and a balanced tenant mix that drives consistent footfall estimated at 4-5 million annual visitors. However, challenges arise from proximity to larger regional competitors like Westfield Doncaster, potentially impacting sales in fashion and entertainment categories, as well as market saturation in supermarkets. Operational quality is generally high, with low vacancy and solid sales performance per square meter above industry averages for sub-regional centres, though aging infrastructure in some areas may require ongoing investment. Overall, it offers reliable performance for essential retail tenants amid a stable local economy.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Doncaster East&quot;},&quot;anchor_tenants&quot;:&quot;Coles, ALDI, Woolworths, Kmart&quot;,&quot;distance&quot;:30.81,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;25146&quot;,&quot;anchor_tenants&quot;:&quot;Coles, ALDI, Woolworths, Kmart&quot;}},{&quot;id&quot;:6361,&quot;slug&quot;:&quot;westfield-southland-1&quot;,&quot;name&quot;:&quot;Westfield Southland&quot;,&quot;lat&quot;:&quot;-37.9584584&quot;,&quot;lng&quot;:&quot;145.0510807&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Westfield Southland is a major regional shopping centre located in Cheltenham, a suburb 16 kilometres south-east of Melbourne&#39;s CBD in Victoria, Australia. Opened in 1968 and expanded multiple times, it spans 129,180 square metres of gross leasable area and houses approximately 400 specialty stores. Anchor tenants include Myer, David Jones, Kmart, Target, Big W, Coles, Woolworths, Aldi, Harris Scarfe, and Village Cinemas, offering a diverse tenant mix focused on fashion, lifestyle, supermarkets, and entertainment. The centre serves a total trade area population of about 602,000 residents, with a main trade area retail spend of $6.3 billion in 2024 and per capita spending of $19,197, which is 16% above the Melbourne metropolitan average. As part of Scentre Group&#39;s portfolio, it benefits from high occupancy rates around 99.7% and strong operational performance, with portfolio-wide visitations reaching 340 million in the first half of 2025, up 3% year-on-year. Accessibility is supported by Southland and Cheltenham railway stations on the Frankston line, multiple bus routes, and proximity to the Nepean Highway. Ongoing redevelopment, including the first stage completed in 2025, enhances appeal with expanded retail and entertainment options. Leasing advantages include stable occupancy, affluent demographics in a growing suburb, and robust footfall driven by family-oriented and professional shoppers. However, retailers should note potential challenges such as intense competition from larger centres like Chadstone and online retail, traffic congestion during peak times, and market saturation in certain categories like apparel amid economic pressures.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Cheltenham&quot;},&quot;anchor_tenants&quot;:&quot;Myer, David Jones, Kmart, Target, Coles, Woolworths&quot;,&quot;distance&quot;:23.14,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;128000&quot;,&quot;anchor_tenants&quot;:&quot;Myer, David Jones, Kmart, Target, Coles, Woolworths&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;:19.57,&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;: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;:38.4,&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;:6457,&quot;slug&quot;:&quot;greensborough-plaza&quot;,&quot;name&quot;:&quot;Greensborough Plaza&quot;,&quot;lat&quot;:&quot;-37.7026269&quot;,&quot;lng&quot;:&quot;145.1031319&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Greensborough Plaza is a prominent regional shopping centre located at 25 Main Street in Greensborough, a suburb 20 kilometres north-east of Melbourne CBD in Victoria, Australia. Opened in 1978 and spanning five levels with a gross leasable area of 70,804 square metres, it features approximately 185 stores and services. The centre is anchored by major retailers including Coles supermarket, Aldi, Kmart, and Target, which is noted as Australias largest Target store. Additional key tenants encompass JB Hi-Fi, Chemist Warehouse, Rebel Sport, The Reject Shop, and Anytime Fitness, alongside a diverse tenant mix covering fashion, health and beauty, home and lifestyle, technology, accessories, and jewellery. The centre includes a refreshed dining precinct called Tables on the Green with outlets like Schnitz, Dumpling Chef, and Groove Train, as well as an upgraded Hoyts cinema complex and a dedicated kids precinct. Ownership transferred to 151 Property in 2022 for AUD 420 million, reflecting strong market value following previous sales in 2013 for AUD 333 million. Managed by JLL, the plaza benefits from ongoing renovations, including interior upgrades in 2015-2017 that enhanced seating, lighting, and entertainment options. It serves a catchment area with a population of around 21,000 in Greensborough, characterized by families with median household income of approximately AUD 2,075 weekly and median age of 41 years. Footfall is supported by its role as a community hub, with historical data indicating robust visitor numbers boosted by anchor tenants and events. Occupancy rates are typically high for regional centres in this market, estimated above 95 per cent based on industry benchmarks for similar properties. Rent levels for specialty stores range from AUD 300 to 500 per square metre annually, competitive within Melbournes north-eastern suburbs. Leasing advantages include prime exposure in a stable, affluent area with low vacancy risks, strong public transport links via multiple bus routes and proximity to Greensborough railway station 500 metres away, and over 2,700 free parking spaces with 50 per cent undercover. However, retailers should consider nearby competition from larger centres like Westfield Plenty Valley and potential market saturation in discount retail categories. The centres community-focused initiatives, such as senior programs and local events, enhance dwell time and loyalty, contributing to consistent performance amid broader retail challenges like e-commerce growth.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Greensborough&quot;},&quot;anchor_tenants&quot;:&quot;Coles, Aldi, Kmart, Target, JB Hi-Fi, Rebel Sport&quot;,&quot;distance&quot;:39.22,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;70804&quot;,&quot;anchor_tenants&quot;:&quot;Coles, Aldi, Kmart, Target, JB Hi-Fi, Rebel Sport&quot;}},{&quot;id&quot;:6706,&quot;slug&quot;:&quot;knox-shopping-centre&quot;,&quot;name&quot;:&quot;Knox Shopping Centre&quot;,&quot;lat&quot;:&quot;-37.8696283&quot;,&quot;lng&quot;:&quot;145.2408593&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Knox Shopping Centre, located at 425 Burwood Highway in Wantirna South, Victoria, is a prominent super regional retail destination in Melbournes outer east, with a gross leasable area (GLA) of approximately 104,000 square meters. Opened in 1977 and rebranded as Westfield Knox under Scentre Group ownership, it underwent a major $355 million redevelopment between 2022 and 2025, enhancing lifestyle offerings, dining precincts, and entertainment facilities to boost visitor dwell time and sales. The centre features over 400 specialty stores alongside anchor tenants including Myer, Target, Kmart, Big W, Coles, Woolworths, and an Event Cinemas complex. Tenant mix emphasizes fashion (e.g., H\u0026M, Uniqlo), beauty (e.g., Sephora, Mecca), home goods, and a diverse food court with 50+ options spanning international cuisines. Market position is strong within the Knox City local government area, serving a primary catchment of 250,000 residents within 5km and secondary of 750,000 within 10km, characterized by family-oriented households with median incomes around AUD 1,800 weekly, above the national average. Footfall averages 12-15 million annual visitors pre-redevelopment, expected to rise post-2025 upgrades. Occupancy rates hover at 96-98%, reflecting robust demand. Accessibility is favorable with direct EastLink freeway access, a major bus interchange, and 5,200 parking spaces. Leasing advantages include flexible terms for specialty retailers, high visibility in a growing suburban market, and co-tenancy protections with major anchors driving traffic. However, challenges include intense competition from nearby centres like Chadstone (40km away) and local strip malls such as The Knox Hub, potential traffic congestion on Burwood Highway, and vulnerability to economic downturns affecting discretionary spending in middle-class demographics. Operational quality is high with modern infrastructure post-redevelopment, but aging elements in peripheral areas may require monitoring. Overall, it offers solid performance metrics for retailers targeting family shoppers, with average turnover per sqm around AUD 8,000-10,000 annually based on industry benchmarks for similar assets.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Wantirna South&quot;},&quot;anchor_tenants&quot;:&quot;Kmart, Target, Coles, Woolworths, ALDI, Harris Scarfe, Village Cinemas&quot;,&quot;distance&quot;:17.36,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;384&quot;,&quot;gla_sqm&quot;:&quot;140516&quot;,&quot;anchor_tenants&quot;:&quot;Kmart, Target, Coles, Woolworths, ALDI, Harris Scarfe, Village Cinemas&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;:19.88,&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;:6454,&quot;slug&quot;:&quot;westfield-knox&quot;,&quot;name&quot;:&quot;Westfield Knox&quot;,&quot;lat&quot;:&quot;-37.868879&quot;,&quot;lng&quot;:&quot;145.241348&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Westfield Knox is a major regional shopping centre located at 425 Burwood Highway in Wantirna South, approximately 25 kilometres east of Melbourne CBD. With a gross leasable area of 140,516 square metres, it serves a trade area population exceeding 474,000 residents, characterized by suburban families and professionals in the outer eastern growth corridor. The centre hosts 384 tenants, including anchors such as Kmart, Target, Coles, Woolworths, ALDI, Harris Scarfe, and a Village Roadshow cinema. A $355 million redevelopment completed in 2023 enhanced its appeal by adding a gourmet marketplace, international brands like Uniqlo and JD Sports, a full-size basketball court, swim school, and community facilities including a public library opened in 2024. This positions Westfield Knox as a hybrid retail and community hub, driving total trade area retail spend of $7.6 billion in 2024. Market position is strong within Knox City Councils productive eastern suburbs, benefiting from population growth and infrastructure like EastLink freeway. Leasing advantages include high occupancy rates around 99 percent post-redevelopment, diverse tenant mix supporting cross-shopping, and access to affluent demographics with median household incomes over $90,000 annually. However, retailers face competition from nearby centres like Eastland and online channels, with potential challenges in specialty categories due to market saturation in fashion and electronics. Operational quality is elevated by modern amenities, though aging pre-redevelopment sections may require attention. Footfall benefits from excellent accessibility via major highways and public transport, including bus interchanges, though parking demand peaks during events. Overall, it offers balanced opportunities for stable leasing in a recovering post-pandemic retail environment, with risks tied to economic pressures on discretionary spending.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Wantirna South&quot;},&quot;anchor_tenants&quot;:&quot;Kmart, Target, Coles, Woolworths, ALDI, Harris Scarfe, Village Cinemas&quot;,&quot;distance&quot;:17.43,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;384&quot;,&quot;gla_sqm&quot;:&quot;140516&quot;,&quot;anchor_tenants&quot;:&quot;Kmart, Target, Coles, Woolworths, ALDI, Harris Scarfe, Village Cinemas&quot;}},{&quot;id&quot;:6921,&quot;slug&quot;:&quot;epping-plaza-shopping-centre&quot;,&quot;name&quot;:&quot;Epping Plaza Shopping Centre&quot;,&quot;lat&quot;:&quot;-37.652004&quot;,&quot;lng&quot;:&quot;145.023085&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Epping Plaza Shopping Centre, rebranded as Pacific Epping in 2013, is a key regional retail hub at the intersection of High Street and Cooper Street in Epping, Victoria, 20 km north of Melbourne CBD. Developed in 1996, it offers approximately 80,000 sqm of gross leasable area with over 230 stores. Major anchors include Coles, Woolworths, Big W, Target, and Harris Scarfe, complemented by Reading Cinemas, a 10-screen complex, and a dining precinct featuring casual eateries like Schnitz, TGI Fridays, and Degani. The tenant mix comprises about 50% fashion and general merchandise, 25% food and grocery, 15% services and health, and 10% entertainment and leisure. It serves a catchment of over 150,000 residents within 10 km, in the Whittlesea growth corridor, with projected population increases of 2.5% annually through 2030. Demographics feature young families (median age 34), diverse ethnic groups including Asian and Middle Eastern communities, and median weekly household income of AUD 1,600. Accessibility is facilitated by proximity to Epping railway station (500 m), M80 Ring Road, Hume Highway, and bus interchanges, with 3,500+ parking spaces. Occupancy averages 96-98%, supported by steady footfall of 5.5 million visitors yearly. Leasing opportunities benefit from flexible terms with 3-5% annual escalations and incentives for long-term commitments, though challenges include peak-hour traffic and competition from nearby centres. Market factors indicate resilient performance amid suburban expansion, but e-commerce growth pressures non-essential retail categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Epping&quot;},&quot;anchor_tenants&quot;:&quot;Kmart, Big W, Coles, Woolworths, JB Hi-Fi, ALDI, Reading Cinemas&quot;,&quot;distance&quot;:47.56,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;233&quot;,&quot;gla_sqm&quot;:&quot;74036&quot;,&quot;anchor_tenants&quot;:&quot;Kmart, Big W, Coles, Woolworths, JB Hi-Fi, ALDI, Reading Cinemas&quot;}},{&quot;id&quot;:7054,&quot;slug&quot;:&quot;epping-plaza&quot;,&quot;name&quot;:&quot;Epping Plaza&quot;,&quot;lat&quot;:&quot;-37.652004&quot;,&quot;lng&quot;:&quot;145.023085&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Epping Plaza, situated in Epping, Victoria, serves as a prominent regional shopping centre in Melbourne\&quot;s northern suburbs, with a gross leasable area of about 88,000 square metres and over 250 specialty stores. Key anchors include Myer department store, Big W, Woolworths, Coles supermarkets, and Hoyts Cinemas, complemented by a diverse tenant mix spanning fashion (e.g., H\u0026M, Cotton On), food and beverage (over 30 eateries including international cuisine), health and beauty (Chemist Warehouse, Priceline), and services like banking and medical facilities. The centre positions itself as a lifestyle hub in a high-growth area, benefiting from the expanding Whittlesea municipality, which has seen population increases of 5-7% annually. Catchment demographics feature a young, multicultural population of over 300,000 within 10km, with median household income of $1,600 weekly, favoring convenience and value-oriented retail. Annual footfall reaches approximately 10 million visitors, supported by 3,500 free parking spaces and proximity to Epping Railway Station. Occupancy is at 96%, indicating strong leasing demand amid national retail trends of near-full occupancy. Specialty rent averages $650 per square metre net, with 7% turnover rents above thresholds offering performance-based incentives. Advantages for lessees include robust accessibility via the M80 Ring Road and public transport, plus opportunities in emerging categories like health and wellness. Drawbacks encompass competition from Northland Shopping Centre and online retail, potential access congestion during peaks, and market saturation in grocery segments, alongside aging elements in non-recently renovated areas that could impact operational appeal.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Epping&quot;},&quot;anchor_tenants&quot;:&quot;Coles, Woolworths, Aldi, Big W, Kmart, Harris Scarfe&quot;,&quot;distance&quot;:47.56,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;233&quot;,&quot;gla_sqm&quot;:&quot;89681&quot;,&quot;anchor_tenants&quot;:&quot;Coles, Woolworths, Aldi, Big W, Kmart, Harris Scarfe&quot;}},{&quot;id&quot;:6458,&quot;slug&quot;:&quot;westfield-plenty-valley&quot;,&quot;name&quot;:&quot;Westfield Plenty Valley&quot;,&quot;lat&quot;:&quot;-37.6514214&quot;,&quot;lng&quot;:&quot;145.071735&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Westfield Plenty Valley is a regional shopping centre located at 415 McDonalds Road in Mill Park, approximately 25 kilometres north of Melbourne CBD in the City of Whittlesea. Opened in 1988 and expanded significantly in 2008 and 2018, it spans over 80,000 square metres of gross leasable area, featuring major anchors including Kmart, Target, Coles, Woolworths, and ALDI, alongside two fresh food precincts. The tenant mix comprises around 182 specialty stores, with a focus on fashion, lifestyle, and services, complemented by an al fresco dining precinct with over 20 food operators and Village Cinemas offering premium formats like Gold Class and Vmax. Positioned in a growing suburban market, the centre serves a primary trade area of 312,000 residents, with a total accessible market of 1 million, driven by family-oriented demographics in northern Melbourne. Annual retail spend in the trade area reaches AUD 4.5 billion, supporting stable leasing opportunities for retailers targeting mid-market consumers. Advantages include high occupancy rates above 95 percent, weekly footfall of 153,000 visitors, and average dwell times of 90 minutes, fostering repeat business. Proximity to South Morang railway station enhances public transport access, while free three-hour parking accommodates 4,000 vehicles. However, leasing considerations involve competitive pressures from nearby centres like Epping Plaza and Northland, potentially impacting category-specific performance in saturated segments such as discount retail. Infrastructure remains modern post-2018 redevelopment, but broader market factors like online shopping shifts and economic pressures in outer suburbs may affect footfall growth. Rent levels for specialty spaces typically range from AUD 400 to 800 per square metre annually, with incentives varying by tenant strength and location within the centre. Overall, the property offers balanced potential for retailers with strong local appeal, though due diligence on demographic alignment and competitive positioning is essential.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Mill Park&quot;},&quot;anchor_tenants&quot;:&quot;Coles, Woolworths, Aldi, Target, Kmart&quot;,&quot;distance&quot;:45.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;62942&quot;,&quot;anchor_tenants&quot;:&quot;Coles, Woolworths, Aldi, Target, Kmart&quot;}},{&quot;id&quot;:6455,&quot;slug&quot;:&quot;eastland-shopping-centre&quot;,&quot;name&quot;:&quot;Eastland Shopping Centre&quot;,&quot;lat&quot;:&quot;-37.81306&quot;,&quot;lng&quot;:&quot;145.22917&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Eastland Shopping Centre, located in Ringwood, Victoria, approximately 24 km east of Melbourne CBD, functions as a key sub-regional retail hub in a high-growth corridor. Opened in 1967, it has undergone significant expansions, including a $665 million redevelopment completed in 2016, boosting its gross leasable area to around 123,000 square meters. Ownership rests with Queensland Investment Corporation (QIC), which has invested over $700 million in recent years to enhance its community role. The tenant mix comprises approximately 308 retail stores, featuring major anchors such as Myer, Target, Kmart, Big W, H\u0026M, Uniqlo, and Harris Scarfe, alongside supermarkets like Woolworths and Coles, fashion outlets, electronics from JB Hi-Fi, and sporting goods from Rebel. Dining options include over 50 eateries, with a focus on diverse cuisines, and entertainment via a 12-screen Hoyts cinema. Non-retail components add value, including a 120-room Sage Hotel, 3,250 square meters of coworking space at Waterman, and adjacent public facilities like Maroondah City Council offices and a library in Ringwood Town Square. Annual footfall stands at 13.9 million visitors as of June 2025, supported by strong accessibility via Ringwood Station (train and bus interchange) and major highways. The catchment draws from outer eastern Melbourne suburbs, with a population projected to grow 39% by 2046, featuring middle-income families and professionals. Occupancy rates align with national averages below 5%, indicating stable demand, though specialty retail faces pressure from e-commerce. Leasing advantages include prime positioning in a burgeoning precinct with integrated transport, mixed-use amenities drawing diverse traffic, and opportunities for pop-ups and seasonal activations. However, challenges encompass competition from nearby centres like Westfield Knox and online retail erosion in non-essential categories, plus potential infrastructure strain from rapid urbanization. Rent levels typically range from AUD 400-800 per square meter annually for prime spaces, varying by category and location, with incentives for longer terms. Overall, Eastland offers solid performance metrics for retailers targeting family-oriented, convenience-driven consumers in a dynamic market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Ringwood&quot;},&quot;anchor_tenants&quot;:&quot;Myer, Kmart, Target, Big W, Coles, Woolworths, JB Hi-Fi, Rebel Sport&quot;,&quot;distance&quot;:23.68,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;308&quot;,&quot;gla_sqm&quot;:&quot;123225&quot;,&quot;anchor_tenants&quot;:&quot;Myer, Kmart, Target, Big W, Coles, Woolworths, JB Hi-Fi, Rebel Sport&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;:45.27,&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;:6541,&quot;slug&quot;:&quot;westfield-knox-shopping-centre&quot;,&quot;name&quot;:&quot;Westfield Knox Shopping Centre&quot;,&quot;lat&quot;:&quot;-37.8696283&quot;,&quot;lng&quot;:&quot;145.2408593&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Westfield Knox Shopping Centre is a major regional retail destination located at 425 Burwood Highway in Wantirna South, approximately 25 km east of Melbourne CBD, Victoria, Australia. With a gross leasable area of 140,516 square metres, it serves a total trade area population of over 474,000 residents, generating an estimated annual retail spend of $7.6 billion in the total trade area and $3.5 billion in the main trade area. The centre features 384 tenants across four levels, including anchor stores such as Kmart, Target, Coles, Woolworths, ALDI, and Harris Scarfe, alongside a Village Roadshow cinema, fashion outlets like Uniqlo and JD Sports, and a gourmet marketplace. Completed in 2023 after a $355 million redevelopment, enhancements include modernized facilities, community spaces like a basketball court and swim school, and improved dining options, boosting its appeal for family-oriented shoppers. Occupancy stands at approximately 99.4%, reflecting strong demand in a market with sub-5% vacancy rates for Australian shopping centres. Accessibility is supported by major roads (Burwood Highway and Stud Road) with high traffic volumes, public bus services, and ample parking for over 5,000 vehicles. The tenant mix emphasizes value retail, supermarkets, and entertainment, catering to middle-income demographics in Knox Citys growing eastern suburbs. Leasing advantages include high footfall of over 18 million annual visitors, stable turnover growth, and opportunities in expanding categories like health and experiential retail, though retailers should consider suburban competition and potential saturation in discount segments. Operational quality is high post-redevelopment, with low risks from aging infrastructure, but economic sensitivity in outer suburbs may impact discretionary spending.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Wantirna South&quot;},&quot;anchor_tenants&quot;:&quot;Kmart, Target, Coles, Woolworths, ALDI, Harris Scarfe, Village Cinemas&quot;,&quot;distance&quot;:17.36,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;350&quot;,&quot;gla_sqm&quot;:&quot;144810&quot;,&quot;anchor_tenants&quot;:&quot;Kmart, Target, Coles, Woolworths, ALDI, Harris Scarfe, Village Cinemas&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;:19.88,&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;: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;:24.2,&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;: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;:45.37,&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;:6544,&quot;slug&quot;:&quot;box-hill-central&quot;,&quot;name&quot;:&quot;Box Hill Central&quot;,&quot;lat&quot;:&quot;-37.8191018&quot;,&quot;lng&quot;:&quot;145.1220999&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Box Hill Central is a sub-regional shopping centre in Box Hill, an eastern Melbourne suburb, Victoria, Australia. It integrates retail with a major transport hub, including Box Hill railway station and bus interchange, enhancing accessibility. The centre spans approximately 60,000 sqm GLA, with over 190 specialty stores anchored by Coles, Woolworths, Big W, and Harris Scarfe. Notable for its Asian fresh food market and multicultural dining options, it caters to diverse consumer preferences. Annual footfall reaches 26 million visitors, driven by local catchment and commuters. Managed by Vicinity Centres, it maintains high occupancy at 99.7% as of December 2024, with specialty rents averaging AUD 500-700 per sqm annually. Box Hill&#39;s market position strengthens in a designated Metropolitan Activity Centre, with population growth from 16,480 in 2006 to 23,600 in 2019 and projected 2% annual increase. Median age is 34, with 49.6% renting and significant overseas-born residents (over 40%, primarily Chinese and Indian). A 10-year masterplan redevelopment, first stage approved in 2022, introduces 50,000 sqm offices, 366 apartments, and public spaces, valued at AUD 700 million, aiming for 6,000 workers and 3,800 residents by 2030. Leasing advantages include robust traffic, complementary tenant mix promoting cross-shopping, and future mixed-use synergies. Drawbacks encompass construction disruptions, competition from larger malls like Chadstone, and e-commerce pressures on non-food categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Box Hill&quot;},&quot;anchor_tenants&quot;:&quot;Coles, Woolworths&quot;,&quot;distance&quot;:27.25,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;140&quot;,&quot;gla_sqm&quot;:&quot;40094&quot;,&quot;anchor_tenants&quot;:&quot;Coles, Woolworths&quot;}},{&quot;id&quot;:6513,&quot;slug&quot;:&quot;pacific-epping-shopping-centre&quot;,&quot;name&quot;:&quot;Pacific Epping Shopping Centre&quot;,&quot;lat&quot;:&quot;-37.65416&quot;,&quot;lng&quot;:&quot;145.01931&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Pacific Epping Shopping Centre, located at the intersection of High Street and Cooper Street in Epping, Victoria, is a prominent regional retail destination in Melbournes northern growth corridor. Opened in 1996, the centre has expanded significantly, achieving a gross leasable area of 85,000 square metres through key redevelopments, including a 2007 expansion, 2009 fresh food precinct, 2013 Urban Diner precinct, and recent addition of a Costco warehouse on adjacent land. Jointly owned by The Pacific Group and QIC since a 2018 transaction valuing the asset over $650 million, it benefits from professional asset management. The tenant mix comprises over 300 stores, anchored by supermarkets Coles, Woolworths, and Aldi; department stores Kmart, Target, and Big W; entertainment from Reading Cinemas; and hospitality via Quest Hotel and Urban Diner restaurants. Specialty categories include fashion, health, beauty, and services, with a focus on fresh food and casual dining to drive dwell time. The primary catchment within a 10km radius encompasses approximately 250,000 residents in the City of Whittlesea, projected to reach 400,000 by 2036, driven by high population growth rates exceeding 3% annually. Demographics feature young families, with 35% of residents under 20 years old, a multicultural profile (over 40% born overseas), and median weekly household income around $1,500, supporting mid-tier retail spending. Accessibility is facilitated by proximity to the Hume Freeway and public transport links, though peak-hour traffic on High Street presents challenges. Market position is robust in a high-growth area, with estimated annual footfall of 7 million visitors and sales productivity around $8,000 per square metre. Occupancy stands at 96%, reflecting strong demand, while specialty rents average $650 per square metre net, with turnover provisions at 7% above thresholds. Leasing advantages include stable anchor traffic, diverse mix enhancing cross-shopping, and growth potential from demographic shifts. Drawbacks encompass competition from Epping Plaza, potential infrastructure strain from rapid urbanization, and vulnerability to economic downturns affecting discretionary spending in saturated outer-suburban markets.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Epping&quot;},&quot;anchor_tenants&quot;:&quot;Big W,Kmart,Coles,Woolworths&quot;,&quot;distance&quot;:47.53,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;89681&quot;,&quot;anchor_tenants&quot;:&quot;Big W,Kmart,Coles,Woolworths&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;:37.8,&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;:37.58,&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;}}]}" data-map-update-url-value="/malls/westfield-fountain-gate" id="mall-map-wrapper"><div data-city="Narre Warren" data-current-mall="true" data-id="westfield-fountain-gate" data-lat="-38.0175702" data-lng="145.3042624" data-map-target="mall" data-name="Westfield Fountain Gate" 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">437,600 People</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">209,400 People</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">647,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">1.43</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">93,600 AUD/year</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">5.5</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">105 Index</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/year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">1,200 AUD/year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">6,000 AUD/year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">800 AUD/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">12,000 AUD/sqm/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">409 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">Medium 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">177,000 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">3 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">650 AUD/sqm/year</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">4.5</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">High Proximity</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">High Access</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">13,000 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">70.0</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">92.0</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">High Rate</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">Advanced 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">Frequent Events</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">High Penetration</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">3.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Strong Pipeline</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Ongoing Plans</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>