<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="-34.8312452" data-lng="138.692169" data-map-catchment-data-value="{&quot;lat&quot;:&quot;-34.8312452&quot;,&quot;lng&quot;:&quot;138.692169&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:541400}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;250,000 People&quot;,&quot;description&quot;:&quot;Estimated primary catchment within 5-km radius&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;541,400 People&quot;,&quot;description&quot;:&quot;Total trade area population within 20-km radius, 2024 estimate&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;541,400 People&quot;,&quot;description&quot;:&quot;Overall population served by the mall&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;0.5&quot;,&quot;description&quot;:&quot;Annual growth rate for Tea Tree Gully LGA&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;41 Years&quot;,&quot;description&quot;:&quot;Median age in Tea Tree Gully area&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;2.5 People&quot;,&quot;description&quot;:&quot;Average household size&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&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;$85,020 AUD per year&quot;,&quot;description&quot;:&quot;Annualized from $1,635 weekly median&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;2.9&quot;,&quot;description&quot;:&quot;Unemployment rate in Tea Tree Gully LGA&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;95 Index&quot;,&quot;description&quot;:&quot;Relative to national average of 100 for Adelaide region&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;$15,514 AUD per year&quot;,&quot;description&quot;:&quot;Calculated from total trade area spend of $8.4B&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;$1,500 AUD per capita per year&quot;,&quot;description&quot;:&quot;Estimated based on national retail categories&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;$3,000 AUD per capita per year&quot;,&quot;description&quot;:&quot;Estimated based on national retail categories&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;$1,000 AUD per capita per year&quot;,&quot;description&quot;:&quot;Estimated based on national retail categories&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;5,000,000 Visitors&quot;,&quot;description&quot;:&quot;Estimated based on regional mall size and Scentre Group trends&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;90 Minutes&quot;,&quot;description&quot;:&quot;Average time spent by visitors&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;40.0&quot;,&quot;description&quot;:&quot;Percentage of visitors making a purchase&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;$12,396 AUD&quot;,&quot;description&quot;:&quot;Specialty store sales productivity&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;242 Stores&quot;,&quot;description&quot;:&quot;234 specialty + 8 anchors&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Includes Myer, BIG W, Kmart, Target, Coles, Woolworths, ALDI&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;Medium&quot;,&quot;description&quot;:&quot;Nearby regional centers in Adelaide&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Wide range of categories from fashion to food&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Specialty and experiential retailers&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;99,873 m²&quot;,&quot;description&quot;:&quot;Total leasable space&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;2 Levels&quot;,&quot;description&quot;:&quot;Main retail floors&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;$550 AUD per year&quot;,&quot;description&quot;:&quot;Estimated for regional Westfield centers&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;3.0&quot;,&quot;description&quot;:&quot;Low vacancy based on Scentre Group occupancy&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Standard&quot;,&quot;description&quot;:&quot;Typical 3-5 year terms with options&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;2,000 m²&quot;,&quot;description&quot;:&quot;Estimated available space&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Direct access to Smart Road and O-Bahn&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Excellent&quot;,&quot;description&quot;:&quot;Adjacent to O-Bahn interchange&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;4,500 Spaces&quot;,&quot;description&quot;:&quot;Multi-level parking facility&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Strong from local suburbs and transport hub&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Strong online retail presence in Australia&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Promoted by Westfield and tenants&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;92.0&quot;,&quot;description&quot;:&quot;Household internet access in area&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low&quot;,&quot;description&quot;:&quot;Typical for secure mall environment&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;CCTV, Guards&quot;,&quot;description&quot;:&quot;On-site security patrols and surveillance&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Regular events and seasonal promotions&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Westfield membership adoption estimate&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Throughout the mall for advertising&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;4.0&quot;,&quot;description&quot;:&quot;Based on recent 8.6% increase post-works&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Ongoing leasing activity&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Completed&quot;,&quot;description&quot;:&quot;Recent upgrades enhancing visitation&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:6294,&quot;slug&quot;:&quot;westfield-tea-tree-plaza&quot;,&quot;name&quot;:&quot;Westfield Tea Tree Plaza&quot;,&quot;lat&quot;:&quot;-34.8312452&quot;,&quot;lng&quot;:&quot;138.692169&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Westfield Tea Tree Plaza, situated at 976 North East Road in Modbury, South Australia, operates as a key regional shopping center approximately 15 kilometers northeast of Adelaide CBD. Spanning 99,873 square meters of gross leasable area, it hosts 245 retailers, positioning it as the second-largest mall in Adelaide behind Westfield Marion. Major anchors include Myer, Kmart, Big W, Target, Coles, Woolworths, Aldi, JB Hi-Fi, and Hoyts Cinemas, alongside 234 specialty stores focused on fashion, beauty, lifestyle, and services. The tenant mix emphasizes convenience with three supermarkets, 10 dining options, and entertainment facilities like Timezone arcade. Serving a total trade area of over 541,000 residents, the main trade area exhibits 75% home ownership, surpassing the Adelaide metro average of 71%, which supports stable retail spending estimated at $4.2 billion annually in the main area and $8.4 billion overall in 2024. Accessibility is facilitated by the O-Bahn Busway terminating directly at the Tea Tree Plaza Interchange for efficient public transport links to the city, complemented by over 4,500 parking spaces across multiple levels. Major tenants collectively report $246 million in yearly sales, underpinned by a weighted average lease expiry of 9.5 years by GLA. The center leverages suburban population growth for leasing appeal, offering visibility to local families, yet contends with e-commerce pressures and regional rent structures that are moderate compared to CBD locations. Operational quality remains solid with periodic refurbishments, though infrastructure from its 1970 opening shows signs of age in some areas.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Modbury&quot;},&quot;anchor_tenants&quot;:&quot;Myer, BIG W, Kmart, Target, Coles, Woolworths, ALDI&quot;,&quot;distance&quot;:0.0,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;242&quot;,&quot;gla_sqm&quot;:&quot;99873&quot;,&quot;anchor_tenants&quot;:&quot;Myer, BIG W, Kmart, Target, Coles, Woolworths, ALDI&quot;}},{&quot;id&quot;:6708,&quot;slug&quot;:&quot;tea-tree-plaza&quot;,&quot;name&quot;:&quot;Tea Tree Plaza&quot;,&quot;lat&quot;:&quot;-34.8312452&quot;,&quot;lng&quot;:&quot;138.692169&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Tea Tree Plaza, situated at 976 North East Road in Modbury, a northeastern suburb of Adelaide, South Australia, operates as a key regional shopping center 15 kilometers from the CBD. Spanning a gross leasable area of 99,873 square meters, it hosts approximately 240 stores, anchored by major retailers including Myer, Kmart, BIG W, Target, Coles, Woolworths, and ALDI. The tenant mix balances supermarkets and discount department stores with fashion outlets, lifestyle brands, electronics via JB Hi-Fi, entertainment through Hoyts cinema and Timezone, and dining across 10 restaurants in an upgraded precinct. Annual retail sales reach $532 million, with specialty productivity at $12,396 per square meter—28% above the 2022 Urbis benchmark—reflecting robust performance in a trade area of over 541,000 residents. Recent investments, such as Myer store reconfiguration in 2023 and JB Hi-Fi addition in 2024, bolster operational quality and visitor experience with features like indoor play areas and green spaces. Accessibility benefits from the O-Bahn busway terminus, providing efficient public transport links to Adelaide, alongside major road access via North East Road and 3,000+ parking spaces. The centers market position as South Australias second-largest mall supports consistent footfall from local middle-income households, where 75% own or mortgage homes, exceeding the metro average. Leasing opportunities appeal to retailers targeting family demographics, with advantages in high dwell time from entertainment anchors and stable major tenant commitments averaging 9.5 years weighted lease expiry. However, challenges include competition from nearby centers like Ingle Farm and Windsor Gardens, potential access congestion during peak hours, and pressures from e-commerce on physical retail categories. Operational risks encompass aging elements in some infrastructure sections, though ongoing upgrades mitigate this, and market saturation in apparel may limit expansion in weak segments. Overall, the center offers balanced prospects for lessees evaluating regional retail viability amid Adelaides growing northeast corridor.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Modbury&quot;},&quot;anchor_tenants&quot;:&quot;Myer, BIG W, Kmart, Target, Coles, Woolworths, ALDI, Hoyts&quot;,&quot;distance&quot;:0.0,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;243&quot;,&quot;gla_sqm&quot;:&quot;98514&quot;,&quot;anchor_tenants&quot;:&quot;Myer, BIG W, Kmart, Target, Coles, Woolworths, ALDI, Hoyts&quot;}}],&quot;secondary&quot;:[{&quot;id&quot;:6342,&quot;slug&quot;:&quot;elizabeth-city-centre&quot;,&quot;name&quot;:&quot;Elizabeth City Centre&quot;,&quot;lat&quot;:&quot;-34.7182563&quot;,&quot;lng&quot;:&quot;138.6686657&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Elizabeth City Centre is a regional shopping centre in Elizabeth, an outer suburb of Adelaide, South Australia, located 26 km northeast of the CBD. It spans 80,270 sqm of gross leasable area, ranking as the fourth largest in metropolitan Adelaide. Owned by Vicinity Centres, the single-level facility houses over 130 specialty stores and key anchors: Big W, Target, Harris Scarfe, Coles, Woolworths, and Reading Cinemas. The tenant mix prioritizes value retail, groceries, discount department stores, and entertainment options, appealing to budget-conscious consumers. It draws 7 million annual visitors from a trade area of 285,639 residents, bolstered by 3,530 parking spaces, direct rail access at Elizabeth station, bus interchange, and proximity to Main North Road. Features include Australias largest solar canopy (5.8 MW) for sustainability. As a dominant local hub, it benefits from sparse immediate competition, supporting stable leasing in a growing residential area with diverse, family-oriented demographics. Advantages encompass reliable footfall from essential shopping needs and potential for leisure expansions. Challenges include sensitivity to economic downturns in northern suburbs, online retail shifts impacting non-essentials, and competition from larger centres like Westfield Tea Tree Plaza. Infrastructure from 2005 redevelopment is functional but may require ongoing maintenance amid rising operational costs.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Elizabeth&quot;},&quot;anchor_tenants&quot;:&quot;Big W, Target, Harris Scarfe, Coles, Woolworths, Reading Cinemas&quot;,&quot;distance&quot;:12.75,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;190&quot;,&quot;gla_sqm&quot;:&quot;80270&quot;,&quot;anchor_tenants&quot;:&quot;Big W, Target, Harris Scarfe, Coles, Woolworths, Reading Cinemas&quot;}},{&quot;id&quot;:6473,&quot;slug&quot;:&quot;gepps-x-home-hq&quot;,&quot;name&quot;:&quot;Gepps X Home Hq&quot;,&quot;lat&quot;:&quot;-34.85&quot;,&quot;lng&quot;:&quot;138.6&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Gepps X Home HQ is a prominent large format retail (LFR) homemaker centre located at 750 Main North Road in Gepps Cross, a northern suburb of Adelaide, South Australia. Spanning over 63,000 square metres, it was completed in 2009 and holds the distinction of being South Australias largest integrated bulky goods destination, formerly recognized as the largest in the southern hemisphere. The centre specializes in home and lifestyle products, featuring major national tenants such as Harvey Norman, The Good Guys, JB Hi-Fi Home, Super Amart, Barbeques Galore, and Snooze, alongside specialty stores for furniture, bedding, lighting, flooring, and electronics. This tenant mix caters to consumers seeking bulky home improvement items, benefiting from a format that supports high-volume, drive-in traffic. In the broader Adelaide retail market, LFR vacancy rates remain exceptionally low at around 0.58 percent as of recent reports, indicating strong demand and limited supply for such spaces. South Australian retail sales have shown positive growth, averaging 3.6 percent year-on-year in early 2025, outperforming national averages and supporting stable performance in the homemaker sector. Leasing opportunities here offer advantages like prominent positioning on a major arterial road, drawing from a regional catchment that includes northern Adelaide suburbs with growing populations. However, prospective tenants should consider the centres focus on bulky goods, which may limit crossover to other retail categories, and potential exposure to economic sensitivities in discretionary home spending. Operational quality is maintained by Axiom Properties, with ongoing investments in infrastructure to handle large-scale logistics. Market factors include robust accessibility via key transport links, but competition from nearby centres like Mile End Homemaker Centre could influence performance. Overall, it provides a solid platform for home-related retailers in a market with tightening availability and favorable sales trends.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Adelaide&quot;},&quot;anchor_tenants&quot;:&quot;Harvey Norman, The Good Guys, JB Hi-Fi, Anaconda, Spotlight, Super Amart&quot;,&quot;distance&quot;:8.67,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;63000&quot;,&quot;anchor_tenants&quot;:&quot;Harvey Norman, The Good Guys, JB Hi-Fi, Anaconda, Spotlight, Super Amart&quot;}},{&quot;id&quot;:6547,&quot;slug&quot;:&quot;parabanks-shopping-centre&quot;,&quot;name&quot;:&quot;Parabanks Shopping Centre&quot;,&quot;lat&quot;:&quot;-34.7608311&quot;,&quot;lng&quot;:&quot;138.6464905&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Parabanks Shopping Centre is a sub-regional retail facility located at 68 John Street in the heart of Salisbury Town Centre, a northern suburb of Adelaide, South Australia. Opened in 1974, it spans a gross lettable area of approximately 26,000 square meters on a single level, with ongoing upgrades including expansions completed between 2015 and 2017 that integrated Coles supermarket into the main structure. The centre serves a diverse, working-class demographic in the growing Salisbury area, which has a population of around 140,000 in the City of Salisbury, characterized by families, migrants, and lower-to-middle income households. Its primary catchment includes nearby suburbs like Salisbury Heights, Para Hills, and Ingle Farm, within a 10-15 minute drive, benefiting from Adelaide&#39;s northern growth corridor. Tenant mix comprises anchor stores such as Woolworths and Coles supermarkets, Big W discount department store, and Harris Scarfe department store, alongside 69 specialty outlets covering fashion, homewares, fresh food markets, discount retailers, eateries, services, and banking facilities. Annual footfall reaches nearly 4 million visitors, supported by over 1,500 parking spaces including undercroft options and proximity to public transport via the Salisbury Interchange. Occupancy rates are typically high at around 95-98 percent, reflecting stable demand in a convenience-driven market. Leasing advantages include competitive rent levels averaging AUD 300-500 per square meter annually for specialty spaces, flexible lease terms from 3-5 years, and opportunities for pop-up or short-term tenancies amid a balanced mix that drives cross-shopping. However, challenges include competition from larger regional centres like Westfield Tea Tree Plaza, potential saturation in discount categories, and occasional access issues during peak hours due to traffic in the town centre. The centre&#39;s operational quality is solid with modernized common areas, but aging core infrastructure from the 1970s may require future capital investment. Overall, it positions retailers for steady local trade in essentials and value-oriented retail, though growth may be tempered by economic pressures on lower-income demographics.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Salisbury&quot;},&quot;anchor_tenants&quot;:&quot;Big W, Woolworths, Coles, Harris Scarfe&quot;,&quot;distance&quot;:8.87,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;26000&quot;,&quot;anchor_tenants&quot;:&quot;Big W, Woolworths, Coles, Harris Scarfe&quot;}},{&quot;id&quot;:6471,&quot;slug&quot;:&quot;rundle-mall&quot;,&quot;name&quot;:&quot;Rundle Mall&quot;,&quot;lat&quot;:&quot;-34.9214&quot;,&quot;lng&quot;:&quot;138.6025&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Rundle Mall serves as Adelaide&#39;s central pedestrian retail precinct in the heart of the CBD, functioning as a key economic and social hub with over 54 million annual visitors. It captures 47% of city-wide night-time expenditure, totaling $28.2 million in August 2025, up 9% year-on-year, driven by extended trading hours including Friday nights until 9 pm, which yield a 17% uplift in evening spend. The tenant mix features major anchors like Myer and David Jones department stores, alongside specialty retailers such as Haigh’s Chocolates, TAG Heuer, and emerging brands like UNIQLO and Lorna Jane, complemented by diverse hospitality options including upcoming Hunter \u0026 Barrel. Recent leasing activity shows positive momentum with new openings in apparel, optical, and food sectors, alongside relocations and minor closures, reflecting a vacancy rate of 3.4% as of late 2024, among the lowest nationally. Footfall in September 2025 rose 6% year-on-year to support $122 million in sales, up 8%, though below 2023 peaks. Accessibility is strong via public transport, with the mall&#39;s linear layout along Rundle Street facilitating high passer-by traffic, up 5% year-on-year. Demographically, it attracts office workers mid-week, tourists including 50% of cruise passengers, and event-goers like families and international delegates. Operational quality benefits from coordinated events such as Illuminate Adelaide and Christmas activations, enhancing dwell time. Leasing advantages include prime visibility in a high-traffic zone and event synergies boosting exposure, but drawbacks involve competition from suburban malls like Westfield and online retail, potential seasonal fluctuations, and infrastructure maintenance in a historic setting. Market factors show stable growth amid Adelaide&#39;s urban revitalization, with policies supporting 24-hour economy, though saturation in fashion categories poses risks for new entrants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Adelaide&quot;},&quot;anchor_tenants&quot;:&quot;Myer, David Jones, Kmart&quot;,&quot;distance&quot;:12.94,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;700&quot;,&quot;gla_sqm&quot;:&quot;120000&quot;,&quot;anchor_tenants&quot;:&quot;Myer, David Jones, Kmart&quot;}},{&quot;id&quot;:6991,&quot;slug&quot;:&quot;gepps-cross-shopping-centre&quot;,&quot;name&quot;:&quot;Gepps Cross Shopping Centre&quot;,&quot;lat&quot;:&quot;-34.8451895&quot;,&quot;lng&quot;:&quot;138.6010887&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Gepps Cross Shopping Centre, situated at 750 Main North Road in the northern suburb of Gepps Cross, Adelaide, operates as a major bulky goods and homemaker retail complex covering approximately 63,000 square meters of gross leasable area. Positioned 12 kilometers north of the Adelaide CBD along the Northern Growth Corridor, it enjoys strong accessibility via arterial roads, proximity to the Gepps Cross interchange, and public transport links including bus routes. The tenant mix emphasizes large-format stores specializing in home improvement, furniture, electronics, and outdoor products, with key anchors such as Harvey Norman (SAs largest outlet), JB Hi-Fi Home, The Good Guys, Super Amart, Baby Bunting, Toyworld, Amart Furniture, Spotlight, BCF, and Fantastic Furniture, comprising over 30 specialty retailers. This configuration caters to family-oriented shoppers in the Enfield-Gepps Cross area, characterized by a demographic profile of median age 36, household size 2.5, and median income around $85,000, with population growth of 2% annually per ABS data. Occupancy stands at approximately 95%, aligned with Adelaides suburban retail vacancy rate of 4.2% in Q3 2025 per JLL reports, bolstered by 4.1% year-on-year household spending growth. Leasing opportunities benefit from competitive net rents of $220-320 per sqm, turnover rents, and marketing synergies from anchors, though the centres focus on destination bulky goods may result in lower footfall of 1.2-1.8 million visitors annually compared to regional malls. Operational quality includes modern warehousing-style infrastructure built in 2007 with recent upgrades, but challenges encompass e-commerce pressures on physical retail and occasional traffic congestion at the junction. Overall, it holds a solid market position as South Australias largest homemaker centre, with potential for stable performance amid regional expansion.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Adelaide&quot;},&quot;anchor_tenants&quot;:&quot;Coles, Woolworths, Kmart&quot;,&quot;distance&quot;:8.46,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;22000&quot;,&quot;anchor_tenants&quot;:&quot;Coles, Woolworths, Kmart&quot;}},{&quot;id&quot;:6549,&quot;slug&quot;:&quot;norwood-shopping-centre&quot;,&quot;name&quot;:&quot;Norwood Shopping Centre&quot;,&quot;lat&quot;:&quot;-34.9218539&quot;,&quot;lng&quot;:&quot;138.6353245&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Norwood Shopping Centre, located at 161 The Parade in Norwood, Adelaide, South Australia, is a contemporary neighbourhood shopping destination approximately 3 kilometres east of the Adelaide CBD. Spanning a gross leasable area of around 10,000 square metres, it features a diverse tenant mix focused on food, fashion, and lifestyle offerings, anchored by a major supermarket such as Woolworths or Coles, alongside specialty retailers, cafes, and services. The centre benefits from its position within the vibrant Norwood Parade precinct, a renowned high street with strong pedestrian traffic driven by its cafe culture and boutique shopping appeal. Market reports indicate The Parade maintains one of Adelaide&#39;s lowest retail vacancy rates, historically around 3-5% as of 2023-2025, though recent data shows a slight uptick to approximately 7% due to economic pressures. Footfall is robust, supported by the suburb&#39;s affluent demographics, including a median household income exceeding AUD 100,000 and a population of professionals and families within a 5-kilometre catchment of over 50,000 residents. Accessibility is enhanced by proximity to public transport, including bus routes and the nearby O-Bahn, plus a basement car park accommodating nearly 200 vehicles. Rent levels on The Parade average AUD 500-800 per square metre annually for prime positions, reflecting a competitive leasing market. Leasing advantages include stable occupancy, synergistic tenant mix that drives cross-shopping, and exposure to high-spending locals less affected by economic downturns. However, challenges encompass competition from larger regional malls like Adelaide Central Plaza and Eastlands, potential access issues during peak hours on the busy Parade, and market saturation in dining categories, which could impact weaker performers. Overall, the centre&#39;s operational quality is high, with modern infrastructure post-redevelopment, but tenants should consider broader retail trends like e-commerce growth and rising operational costs.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Adelaide&quot;},&quot;anchor_tenants&quot;:&quot;Coles&quot;,&quot;distance&quot;:11.33,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Coles&quot;}},{&quot;id&quot;:6475,&quot;slug&quot;:&quot;centro-arndale&quot;,&quot;name&quot;:&quot;Centro Arndale&quot;,&quot;lat&quot;:&quot;-34.8741404&quot;,&quot;lng&quot;:&quot;138.5499407&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Centro Arndale, operating as Armada Arndale, is a sub-regional shopping centre in Kilkenny, 7.5 km northwest of Adelaide CBD, established in 1963 with expansions in 1970, 1984, 1999, 2004, and a 2013 refurbishment. It occupies a 10.7-hectare site on Torrens Road with 37.1% coverage, providing expansion potential across five street frontages. Gross leasable area measures approximately 41,000 sqm, accommodating over 100 tenants. Anchor stores include Woolworths, Aldi, Romeo\&quot;s Foodland, Big W, Harris Scarfe, and Hoyts Cinemas, forming a triple-supermarket core. Tenant mix prioritizes convenience: 8 majors, 40+ specialty fashion and accessories, 16 health/beauty outlets, 18 food/beverage venues, 15 services including banks and post office, plus entertainment. Annual footfall reaches 5.3 million, generating $198.3 million MAT as of June 2024. The catchment of 293,001 residents features middle-income families in diverse northwestern suburbs. Accessibility via major roads and bus interchange, plus 2,000 free parking spaces, enhances performance. As a value-driven hub, it benefits from stable essentials demand but contends with competition from larger malls and local economic variability. Leasing appeals through high occupancy, long WALE (7+ years for majors), and casual opportunities, though discretionary categories face saturation risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Adelaide&quot;},&quot;anchor_tenants&quot;:&quot;Woolworths,Aldi,Romeo’s Foodland,Big W,Harris Scarfe,Hoyts Cinemas&quot;,&quot;distance&quot;:13.83,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;95&quot;,&quot;gla_sqm&quot;:&quot;24000&quot;,&quot;anchor_tenants&quot;:&quot;Woolworths,Aldi,Romeo’s Foodland,Big W,Harris Scarfe,Hoyts Cinemas&quot;}}],&quot;outside&quot;:[{&quot;id&quot;:6341,&quot;slug&quot;:&quot;munno-para-shopping-city&quot;,&quot;name&quot;:&quot;Munno Para Shopping City&quot;,&quot;lat&quot;:&quot;-34.6877191&quot;,&quot;lng&quot;:&quot;138.6884441&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Munno Para Shopping City is a neighborhood shopping center located at 600 Main North Road, Smithfield, in Adelaides northern suburbs within the City of Playford local government area. Opened in the 1980s and expanded over time, it spans approximately 30,000 square meters of gross leasable area, featuring over 110 specialty stores alongside major anchors. Key tenants include Kmart as the discount department store anchor occupying about 46,500 square meters, Foodland supermarket for grocery needs, and a mix of fashion, health and beauty, services, and dining options such as cafes and quick-service eateries. The center serves a catchment of around 100,000 residents in the surrounding growth corridor, benefiting from rapid population expansion in Munno Para West and nearby suburbs like Elizabeth and Gawler, driven by new housing developments and affordability with median house prices around $450,000. Accessibility is provided via Main North Road with ample free parking for over 1,500 vehicles, though public transport links via the nearby Munno Para railway station and bus routes are moderate. Market position as a convenience-oriented venue supports daily shopping needs in a family-heavy demographic, with retail sales in South Australia showing 3.6% year-on-year growth as of mid-2025. Leasing advantages include stable occupancy estimated at 95% or higher based on regional trends, competitive base rents averaging $300-$400 per square meter annually for specialty spaces, and opportunities for retailers targeting middle-income households amid low vacancy rates of 0.71% in the suburb. However, challenges arise from proximity to larger regional malls like Elizabeth City Centre, which draws higher footfall for comparison shopping, and ongoing infrastructure upgrades needed to handle increased traffic from population influx projected to reach 150,000 by 2030. Operational quality is solid with a 4.0 out of 5 rating from over 5,200 reviews, highlighting clean facilities and community events, but some feedback notes limited shaded parking and accessibility for disabled visitors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Munno Para&quot;},&quot;anchor_tenants&quot;:&quot;ALDI,Coles,Kmart,Foodland&quot;,&quot;distance&quot;:15.96,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;28500&quot;,&quot;anchor_tenants&quot;:&quot;ALDI,Coles,Kmart,Foodland&quot;}},{&quot;id&quot;:6709,&quot;slug&quot;:&quot;colonnades-shopping-centre-1&quot;,&quot;name&quot;:&quot;Colonnades Shopping Centre&quot;,&quot;lat&quot;:&quot;-35.1414693&quot;,&quot;lng&quot;:&quot;138.4965189&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Colonnades Shopping Centre is a two-level regional mall in Noarlunga Centre, South Australia, about 30 km south of Adelaide CBD, with 86,618 sqm GLA and over 170 stores. Anchored by Big W, Kmart, Harris Scarfe, ALDI, Coles, Woolworths, and Bunnings Warehouse, it serves as a community hub for the Fleurieu Peninsula and southern suburbs. The tenant mix includes fashion, food, convenience, and services, with mini-majors like JB Hi-Fi, Cotton On, and Chemist Warehouse contributing to diverse offerings. Annual footfall stands at 6.9 million visits, supported by high occupancy rates around 99% as per Vicinity Centres reports. The total trade area population is 165,800, characterized by middle-income families with growing residential developments nearby. Accessibility is strong via Noarlunga Centre railway station and major bus interchange, plus road links from Beach Road and Goldsmith Drive. Market position is solid as the third-largest center in Adelaide, benefiting from low competition in the outer south, though facing broader retail pressures like online shopping. Leasing advantages include stable anchor tenants driving traffic, potential for renewal growth at 4-5% escalators, and opportunities in expanding categories like health and dining. However, contextual factors include market saturation in discount retail and infrastructure needs for aging sections. Overall, it offers reliable performance for retailers targeting suburban demographics, with sales per sqm aligning with regional averages of about $10,000-$12,000 annually based on portfolio data.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Noarlunga Centre&quot;},&quot;anchor_tenants&quot;:&quot;Big W, Kmart, Harris Scarfe, ALDI, Coles, Woolworths, Bunnings Warehouse&quot;,&quot;distance&quot;:38.83,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;88554&quot;,&quot;anchor_tenants&quot;:&quot;Big W, Kmart, Harris Scarfe, ALDI, Coles, Woolworths, Bunnings Warehouse&quot;}},{&quot;id&quot;:6479,&quot;slug&quot;:&quot;dfo-adelaide&quot;,&quot;name&quot;:&quot;Dfo Adelaide&quot;,&quot;lat&quot;:&quot;-34.949167&quot;,&quot;lng&quot;:&quot;138.519444&quot;,&quot;property_type&quot;:&quot;Outlet&quot;,&quot;description&quot;:&quot;District Outlet Centre, commonly referred to as DFO Adelaide, is a purpose-built undercover outlet shopping centre located at 22-24 Nobby Buckley Drive, Parafield, in northern Adelaide, South Australia. Opened in July 2023, it spans a gross leasable area of approximately 14,000 square meters with 54 tenancies focused on discounted retail. The tenant mix emphasizes value-oriented fashion, sportswear, accessories, and lifestyle brands, including anchors like Cotton On Mega, Puma, Hype DC, Forever New, Supre, Ally Fashion, Strandbags, and Kaisercraft, alongside categories such as kids and family, beauty, home and electronics, and sports and leisure. Positioned on the high-exposure Main North Road, it serves a growing northern metro catchment of over 995,000 residents, with projected population increases of 113,000 by 2046, driven by suburban expansion and diverse demographics including families and middle-income households. Accessibility includes a 30-minute drive from the Adelaide CBD, nearby bus stops (Stop 40 on Main North Road), and nearly 600 free on-site parking spaces with accessible bays. In the broader Adelaide retail market, where sales grew 3.6% year-over-year as of mid-2025 and large format retail yields stand at 6.13%, this centre offers leasing advantages through outlet-style rents typically 20-40% below prime mall levels, attracting budget-conscious retailers amid stable occupancy trends in suburban assets. However, as one of only 19 national outlet centres, it faces unique risks from receivership proceedings initiated in October 2025 due to developer financial issues, potentially impacting operational stability. Footfall benefits from its status as Adelaides only undercover outlet, drawing regional shoppers, though specific metrics are not publicly detailed; initial opening saw strong reception with over 70% pre-leased space. Operational quality includes extended Thursday hours to 9 PM and daily openings, supporting consistent trade in a market with low retail vacancy rates around 9-11% in key areas. Leasing opportunities highlight low entry costs and growth potential in a resilient SA economy, balanced against northern suburbs competition and infrastructure reliance on road access.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Adelaide&quot;},&quot;anchor_tenants&quot;:&quot;Nike Unite, Tommy Hilfiger, Polo Ralph Lauren, Coach, Calvin Klein&quot;,&quot;distance&quot;:20.5,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;65&quot;,&quot;gla_sqm&quot;:&quot;28544&quot;,&quot;anchor_tenants&quot;:&quot;Nike Unite, Tommy Hilfiger, Polo Ralph Lauren, Coach, Calvin Klein&quot;}},{&quot;id&quot;:6472,&quot;slug&quot;:&quot;westfield-noarlunga&quot;,&quot;name&quot;:&quot;Westfield Noarlunga&quot;,&quot;lat&quot;:&quot;-35.1421&quot;,&quot;lng&quot;:&quot;138.4976&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Westfield Noarlunga, situated in Noarlunga Centre, 30km south of Adelaide CBD, is a sub-regional shopping centre managed by Scentre Group with a gross leasable area of approximately 41,000 sqm. It hosts over 100 specialty stores alongside anchor tenants such as Myer, Kmart, Big W, Coles, Woolworths, and a Hoyts cinema complex. The tenant mix emphasizes fashion (25%), food and grocery (30%), services (20%), and entertainment/leisure (15%), catering to everyday and discretionary needs. The primary catchment area covers southern Adelaide suburbs including Noarlunga, Seaford, and Aldinga, serving a population of about 105,000 residents with a median age of 36 and household income of $1,200 weekly. Accessibility is enhanced by the adjacent Noarlunga Centre railway station on the Flinders line, providing direct CBD links every 30 minutes, plus 1,800 parking spaces and proximity to major roads like the Southern Expressway. Footfall averages 4-5 million annual visitors, supported by local trade and events. Market position: dominant retail hub in the region with high occupancy rates exceeding 98%, per Scentre Group 2024 reports, amid stable Adelaide retail vacancy at 4.7%. Leasing advantages include competitive base rents of $400-550/sqm, flexible terms with incentives like rent-free periods and fit-out allowances up to 25% for 5-year leases, and strong sales performance in essential categories. Drawbacks involve sensitivity to South Australias economic cycles, with retail sales growth at 2.5% YoY below national 3.8%, and competition from nearby Colonnades (60,000 sqm GLA). Infrastructure is modern following 2018 expansions, but aging elements in outer areas pose minor maintenance risks. Overall, suitable for retailers seeking suburban exposure with balanced risk-reward profile.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Noarlunga Centre&quot;},&quot;anchor_tenants&quot;:&quot;Coles, Woolworths, ALDI, Kmart, Big W, Harris Scarfe, Dan Murphy&#39;s&quot;,&quot;distance&quot;:38.85,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;233&quot;,&quot;gla_sqm&quot;:&quot;86618&quot;,&quot;anchor_tenants&quot;:&quot;Coles, Woolworths, ALDI, Kmart, Big W, Harris Scarfe, Dan Murphy&#39;s&quot;}},{&quot;id&quot;:6340,&quot;slug&quot;:&quot;colonnades-shopping-centre&quot;,&quot;name&quot;:&quot;Colonnades Shopping Centre&quot;,&quot;lat&quot;:&quot;-35.1414693&quot;,&quot;lng&quot;:&quot;138.4965189&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Colonnades Shopping Centre is a two-level regional mall in Noarlunga Centre, South Australia, about 30 km south of Adelaide CBD, with 86,618 sqm GLA and over 170 stores. Anchored by Big W, Kmart, Harris Scarfe, ALDI, Coles, Woolworths, and Bunnings Warehouse, it serves as a community hub for the Fleurieu Peninsula and southern suburbs. The tenant mix includes fashion, food, convenience, and services, with mini-majors like JB Hi-Fi, Cotton On, and Chemist Warehouse contributing to diverse offerings. Annual footfall stands at 6.9 million visits, supported by high occupancy rates around 99% as per Vicinity Centres reports. The total trade area population is 165,800, characterized by middle-income families with growing residential developments nearby. Accessibility is strong via Noarlunga Centre railway station and major bus interchange, plus road links from Beach Road and Goldsmith Drive. Market position is solid as the third-largest center in Adelaide, benefiting from low competition in the outer south, though facing broader retail pressures like online shopping. Leasing advantages include stable anchor tenants driving traffic, potential for renewal growth at 4-5% escalators, and opportunities in expanding categories like health and dining. However, contextual factors include market saturation in discount retail and infrastructure needs for aging sections. Overall, it offers reliable performance for retailers targeting suburban demographics, with sales per sqm aligning with regional averages of about $10,000-$12,000 annually based on portfolio data.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Adelaide&quot;},&quot;anchor_tenants&quot;:&quot;Kmart, Big W, Woolworths, Coles, Aldi&quot;,&quot;distance&quot;:38.83,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;88554&quot;,&quot;anchor_tenants&quot;:&quot;Kmart, Big W, Woolworths, Coles, Aldi&quot;}},{&quot;id&quot;:6292,&quot;slug&quot;:&quot;westfield-marion&quot;,&quot;name&quot;:&quot;Westfield Marion&quot;,&quot;lat&quot;:&quot;-35.0169801&quot;,&quot;lng&quot;:&quot;138.5437278&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Westfield Marion, situated at 297 Diagonal Road in Oaklands Park, 15 km south of Adelaide CBD, stands as South Australias largest shopping centre and Australias 11th largest. Developed in 1968 with expansions through 2016, it spans 136,778 m2 net leasable area across four levels, offering 5,549 parking spaces and proximity to public transport via major roads like Sturt and Morphett. The property hosts approximately 342 stores, anchored by David Jones, Myer, Kmart, Target, Big W, Coles, Woolworths, Aldi, Rebel Sport, and Event Cinemas 26-screen complex, the largest in the Southern Hemisphere. Tenant mix emphasizes fashion (40%), lifestyle and home (20%), food and beverage (15%), entertainment (10%), and services (15%), including health clinics and an integrated aquatic centre. Market position is strong in the southern suburbs, drawing from a main trade area with 74% home ownership and 76% white-collar workforce, supporting $9.8 billion total trade area retail spend in 2024. Per capita spend reaches $18,705, 7% above Adelaide metro average of $17,507. Annual footfall approximates 12 million visitors, bolstered by 99.4% occupancy aligning with Scentre Groups 2024 portfolio rate. Sales metrics show resilience, with tenant sales at $728 million in 2021, likely higher amid 5.5% specialty sales growth. Leasing advantages include low vacancy risk, high traffic for experiential retail, and BrandSpace pop-up options. Drawbacks encompass competition from Colonnades and Westfield Tea Tree Plaza, potential rent escalations (5-7% annually in prime spaces), and vulnerability to economic downturns in manufacturing-heavy Adelaide.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Adelaide&quot;},&quot;anchor_tenants&quot;:&quot;David Jones, Myer, Harris Scarfe, Target, Kmart, Big W, Woolworths, Coles, Event Cinemas, Aldi, Rebel Sport&quot;,&quot;distance&quot;:24.69,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;342&quot;,&quot;gla_sqm&quot;:&quot;138000&quot;,&quot;anchor_tenants&quot;:&quot;David Jones, Myer, Harris Scarfe, Target, Kmart, Big W, Woolworths, Coles, Event Cinemas, Aldi, Rebel Sport&quot;}},{&quot;id&quot;:6515,&quot;slug&quot;:&quot;westfield-west-lakes&quot;,&quot;name&quot;:&quot;Westfield West Lakes&quot;,&quot;lat&quot;:&quot;-34.8802221&quot;,&quot;lng&quot;:&quot;138.4908421&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Westfield West Lakes is a prominent regional shopping centre located at 111 West Lakes Boulevard in the suburb of West Lakes, approximately 12 kilometres north-west of the Adelaide CBD in South Australia. With a gross leasable area of approximately 71,600 square metres, it features over 220 specialty stores alongside major anchors including a recently refurbished David Jones department store, Kmart, Target, Coles, and Woolworths supermarkets. The tenant mix is diverse, encompassing fashion and apparel from brands like H\u0026M and Uniqlo, discount variety through Harris Scarfe and Kmart, grocery and fresh food options via the supermarkets, entertainment with Reading Cinemas, and a range of dining outlets including food courts and casual eateries. The centre attracts around 6.9 million annual visitors and generates total retail sales exceeding $470 million annually, supported by a total trade area population of over 223,000 residents within a 10-kilometre radius, characterised by middle to upper-middle income households with median weekly incomes around $1,500. Market position as a dominant sub-regional hub in Adelaides western suburbs benefits from strong accessibility via major roads like Port River Expressway, ample on-site parking for over 3,000 vehicles, and proximity to public transport including bus routes. Leasing advantages include high occupancy rates near 99 percent, reflecting robust retailer demand and a weighted average lease expiry of 7.6 years for major tenants, with recent full ownership acquisition by Scentre Group in 2024 at a $174 million valuation indicating stabilised asset performance amid Adelaides retail recovery. However, potential challenges involve competition from nearby centres like Port Adelaide and larger formats such as Westfield Marion, alongside broader market pressures from e-commerce saturation in non-essential categories. Operational quality is solid with modernised common areas, though some infrastructure dates to the 1990s openings, requiring ongoing capital investment.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;West Lakes&quot;},&quot;anchor_tenants&quot;:&quot;David Jones, Target, Kmart, Event Cinemas, Coles, Woolworths, Harris Scarfe&quot;,&quot;distance&quot;:19.16,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;260&quot;,&quot;gla_sqm&quot;:&quot;71595&quot;,&quot;anchor_tenants&quot;:&quot;David Jones, Target, Kmart, Event Cinemas, Coles, Woolworths, Harris Scarfe&quot;}}]}" data-map-update-url-value="/malls/westfield-tea-tree-plaza-1" id="mall-map-wrapper"><div data-city="Modbury" data-current-mall="true" data-id="westfield-tea-tree-plaza-1" data-lat="-34.8312452" data-lng="138.692169" data-map-target="mall" data-name="Westfield Tea Tree Plaza" 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">250,000 People</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">541,400 People</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">541,400 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">0.5</div><div class="stat-label">Population growth rate</div></div></div></div><div class="stats-category"><h5>Economic Indicators</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">$85,020 AUD per year</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">2.9</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">95 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">$15,514 AUD per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">$1,500 AUD per capita per year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">$3,000 AUD per capita per year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">$1,000 AUD per capita per year</div><div class="stat-label">Spending on electronics</div></div></div></div><div class="stats-category"><h5>Mall Traffic &amp; Performance</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5,000,000 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">40.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">$12,396 AUD</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">242 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">Medium</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">Tenant diversity</div></div></div></div><div class="stats-category"><h5>Real Estate &amp; Leasing</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">99,873 m²</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">2 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">$550 AUD per year</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">3.0</div><div class="stat-label">Vacancy rate</div></div></div></div><div class="stats-category"><h5>Accessibility &amp; Infrastructure</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Excellent</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">4,500 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">Pedestrian traffic</div></div></div></div><div class="stats-category"><h5>Digital &amp; E-commerce Trends</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">High</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">Low</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">CCTV, Guards</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">Yes</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">20.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes</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">4.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Completed</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>