Another great year for Little Gun centres!
We rank 96 centres this year; all centres with a GLA of more than 20,000m2 but less than 50,000m2. In a year of low inflation, almost zero wage growth across the nation, and analysts forecasting gloom and doom in the retail sector, the Little Gun centres performed remarkably well.
Out of the 96 centres ranked, 64 of them showed MAT increases; of the remaining 32, about 15 showed stable or less than 1% drop in MAT and of the remaining 17, only 10 had a negative greater than 3%. In MAT terms, the Top 10 remained the same as last year although there was some jostling in the order.
Westfield Helensvale retained its Number 1 spot with $376 million, followed by the Perron Group’s Belmont Forum managed by JLL, which showed an almost 5% growth to $342 million.
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