Mini Guns have a lot to teach us because they are close to the people. Roughly speaking, there are about 14 ‘small centres’ to every Big Gun (many of course are smaller than the 6,000m2 level we start at). So almost all of us live close to a Mini Gun.
In the past, we’ve used them as convenience centres – a place to drop into for a short visit to pick up the groceries, fruit and veg, a few items from the pharmacy, the dry cleaning or such. But times are changing, and Mini Gun centres are in the hot seat.
COVID is behind us; but its effects are lasting and those Mini Guns that have responded quickly to the changing conditions are reaping rewards. Look at the Top 10 MAT figures. Every single one has shown a significant increase. ISPT’s Barkly Square, managed by JLL is up a whopping 18.2%; Leichhardt Marketplace (again managed by JLL) shows a lift of more than 12%; Charter Hall’s Pacific Square grew by 11% and Stanhope Village, acquired by Revelop in December 2022 is up 10%.
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