Top 20 shopping centres by turnover revealed
Friday, 14 March 2008
Jacqui Walker
Melbourne’s Chadstone shopping centre has topped the Shopping Centre News Big Guns list this year, with a turnover of $1 billion.
The annual Shopping Centre News survey ranked Australian shopping centres according to moving annual turnover for the 2007 financial year. Turnover at the top 20 shopping centres rose more than 7% to $13.5 billion.
Nearly all of the 80 centres in the survey recorded turnover growth that kept pace with or exceeded inflation.
Sydney’s Westfield Bondi Junction was second on the list, with a turnover of $900 million – an increase of 9.1% on the previous year.
Warringah Mall, also in Sydney, had turnover of $767.8 million, ranking it third. Westfield Chermside in Brisbane increased its turnover by a whopping 41.4% to $705.8 million, and ranked sixth.
The outlook for centres is less rosy, with the latest consumer confidence data indicating that consumers are closing their wallets.
Top 20 shopping centres with highest moving annual turnover
- Chadstone
- Westfield Bondi Junction
- Warringah Mall
- Highpoint
- Westfield Southland
- Westfield Chernside
- Westfield Marion
- Knox
- Westfield Miranda
- Castle Towers
- Westfield Carindale
- Westfield Parramatta
- Westfield Fountain Gate
- Pacific Fair
- Westfield Hornsby
- Macquarie Centre
- Erina Fair
- Garden City Booragoon
- Westfield Garden City
- Westfield Penrith
With Inside Retailing
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