Belmont Forum retains its Number 1 place on the MAT (Moving Annual Turnover) ladder with a creditable $386 million, a small improvement on last year which, in these times, shows the strength of the centre. These are turbulent times and of course, the COVID factor has hit some centres, while others have shown gains.
The figures this year are reporting from August 1, 2019 to July 31, 2020 so they take in some five months of COVID affected period. Park Beach Plaza had a significant improvement – up some 8% on last year – to take second place with $316 million.
There were three new entries into the MAT Top 10 table this year: Perron Group’s JLL managed, The Square Mirrabooka in Perth, came in at Number 8 with a 5.7% rise, reflecting WA’s resistance to the COVID factor; Charter Hall’s Bateau Bay Square took 9th spot and Vicinity’s Eastlands came in at Number 10.
If we treat MAT rises and falls of less than 1% as ‘static’, we see 34 centres showed a drop in MAT, 23 were up and 27 remained the same. In a pandemic year, a very creditable result showing the resilience of these centres.
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