Exactly 30 years ago, in March 1992, SCN published its first ‘Big Gun’ issue. 50 centres were featured – the 50 largest shopping centres in the country.
The biggest, with a GLA of 90,000m2, was Warringah Mall in Sydney, owned by the property group Hammerson; the smallest, at 35,461m2, was GPT’s Casuarina Square. As an interesting point, in that issue, Chadstone on the GLA table ranked at number 21 at 60,000m2.
This year, as with last year, there are no ‘rankings’. Australia’s major centres (95 of them) are listed here in alphabetical order; some have provided MAT, MAT/m2, Specialty MAT/m2 and other figures – while some centres have not.
In terms of ‘performance’, whether or not a centre has submitted turnover figures is irrelevant. In a year (or two years) since COVID has been around, the exercise of measuring and comparing the ‘performance’ of shopping centres has been pointless. Some centres were closed; others operated with half the shops open, others with 10% and others, anywhere in-between. Melbourne and Sydney had more days in lockdown than anywhere else, while Western Australia almost saw no effect! Different centres closed and/or were restricted at different trading times – some opened during the peaks, others closed at the peaks. Some were greatly affected by zero tourism, an occurrence that had little or no impact on others. So, to ‘rank’ centres, as previously stated, is pointless. However, the now 30-year old feature has other points of interest. The GLA figures are significant and the centre factual data reported are retained for a year (until the next report) by many retailers, suppliers, agents and the like, who wish to contact the various centres or gain details on the majors, foot traffic, average spend per visit and so on.
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