Garden City Booragoon will soon be rebranded as Westfield Booragoon, after Scentre Group acquired a half stake in the shopping mall from AMP Capital for $570 million.
SPECIAL REPORT: New retail property developments are driving offerings that capitalise on lifestyle needs, but five of the biggest projects are yet to push the button.
Scentre Group is gearing up to unveil its next-generation dining and entertainment precinct at Westfield Whitford City, one of several planned upgrades to its shopping centres across Perth.
One part of the Dick Smith business has been snapped up by an entity affiliated with Harvey Norman, although employees will still need to wait for a liquidation process to receive overdue entitlements.
The expansion plans for Perth's major shopping centres are gaining momentum, with Scentre Group's Westfield Carousel, Westfield Innaloo and Westfield Whitford City likely to be the first to start work, near the end of 2016.
Two business units of technology retailer Dick Smith could live to see another day, as receivers today announced that the majority of the empire will be shut down after a number of proposals to acquire the company were all deemed unacceptable.
The recent approval for an estimated $450 million expansion of Westfield Whitford City has added to a long line of shopping centre redevelopments proposed in Perth, although ongoing economic uncertainty is casting doubt on how many will actually go ahead.
While storm clouds gather over office assets and land development comes off the boil, interest in retail property is building as investors look for somewhere secure to park their cash. Click through to see our list of WA's top 10 locally-based shopping centre owners.
More progress has been made on the redevelopment of Garden City Booragoon, with AMP Capital lodging a development application for a $750 million revamp of the mall, which would make it the state's
The first step towards a $750 million redevelopment at AMP Capital's Garden City Booragoon shopping centre has been made, with the institutional giant's joint venture partner, TRG Properties, apply
Shopping centre owner Scentre Group has lodged plans to spend $450 million expanding its Westfield Innaloo mall, with the proposal to cater for up to 500 apartments.
Westfield Group looks set to offload its stake in two major shopping centres in suburban Perth just days after it was given the green light to increase ownership of the Karrinyup centre.
THE number of Perth shopping centres changing hands this year has grown to six, with the conditional sale of Phoenix Shopping Centre for about $80 million; but there has been no progress on W
