We started reporting on Mini Gun centres in 2006. It was a sector of our industry dominated by Centro Properties Group; at that time, we featured some 95 centres, 40 of which were managed/ owned by Centro. Stockland had 10 so between the pair, they had more than half the total!
Today, the scene is very different. Centro no longer exists and the Mini Gun centres are the domain of the major players – Vicinity Centres, Stockland, Mirvac, Charter Hall, ISPT, AMP Capital, SCA Property and the like.
For the 7th straight year in a row, St Ives Shopping Village on Sydney’s north shore, tops the MAT table with a very creditable $241 million – down 1.6% on last year’s figure.
A new entry at Number 2 is Burnside Village in Adelaide owned by the Cohen Group. Star performer in the Top 10 is Dexus/SAS Trust’s Plumpton Marketplace with a 13% increase bringing it in at Number 6 from 12 last year. Charter Hall’s Pacific Square recorded an 8% increase and ISPT’s Richmond Marketplace (managed by JLL) came in at Number 10 (from 14 last year) with very healthy 7% improvement.
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