Just 37 per cent of shops at Western Australia's biggest malls and main street retail strips are open for trade, laying bare the impact of the COVID-19 crisis on the retail sector.
Retail developer Con Berbatis has appointed Sydney-headquartered construction firm Built to carry out building works on Kardinya's new $100 million town centre, under an early contractor involvement framework.
Subdued retail conditions in WA have resulted in more than $2.5 billion of shopping centre expansions to be deferred or have no timetable for development.
SPECIAL REPORT: The reinvention of retail assets has taken centre stage when it comes to online competition, with centre owners, developers and tenants seeking to create experience-driven destinations.
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 set to lift the curtain of its $350 million Westfield Carousel redevelopment at the end of this month, which will feature a new rooftop dining and entertainment precinct as well as an additional fashion mall, anchored by David Jones.
The recent revamp of Westfield Whitford City's hospitality precinct crafted the perfect business opportunity for Beerland Brewing to open its second venue today.
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.
Beerland Brewing is responding to a perceived shortage of craft beer in Perth's northern suburbs, building a new venue to anchor a hospitality precinct at the redeveloped Westfield Whitford City.
A new dining and entertainment precinct will open late next year in the northern suburbs, featuring up to 10 new restaurants and an eight-screen cinema complex.
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.
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
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.
Plans are advancing for a major redevelopment at Westfield Whitford City, including 739 apartments along with 27,000 square metres of new retail space.
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.
