Indooroopilly Shopping Centre

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Indooroopilly Shopping Centre
Facts and statistics
Location Indooroopilly, Brisbane Australia
Coordinates 27°30′00″S 152°58′20″E / -27.5, 152.97222Coordinates: 27°30′00″S 152°58′20″E / -27.5, 152.97222
Opening date 1970
Developer The Westfield Group (Until 2000)
Management Lend Lease [1]
Owner Eureka Funds Management [2]
No. of stores and services 249 (215 specialities, 34 kiosks) [2]
No. of anchor tenants 7
Total retail floor area 84,516 m² [2]
Parking Approx 3,900 spaces [2]
No. of floors 4
Website http://www.indooroopillyshopping.com.au/

Indooroopilly Shopping Centre is a major regional shopping centre in the western suburb of Indooroopilly, which is located in the city of Brisbane, Queensland, Australia. It is the largest shopping centre in the western suburbs of Brisbane, by gross lettable area, and contains the only Myer store in that region. [3]

Contents

[edit] History

The centre was constructed and opened in 1970 by the The Westfield Group. At its opening, it was reputedly the largest shopping mall in the Southern Hemisphere. [4] This title has since been overtaken by newer centres. The centre has undergone extensive renovations since its opening. Some of these include an 8 screen cinema complex operated by Birch Carroll and Coyle in 1987, the addition of a third level in 1990, a refurbishment of the entire centre in 1995 and the extension and upgrade of the cinema complex into a 16 screen (including Gold Class) Megaplex in 1998. Until 2000, Indooroopilly Shopping Centre was known as Westfield Shoppingtown Indooroopilly.

In 2000, The Westfield Group sold its 50% joint venture stake in the centre to Commonwealth Funds Management (CFM) for $300 million. [5] CFM, through its management of the Commonwealth Property Fund (CPF), was the other partner in the joint venture, owning the other 50% stake and giving them full ownership of the centre as a result of the sale. In 2005, CPF (while managed by Colonial First State Property) sold 50% of the centre to the Public Sector and Commonwealth Superannuation Schemes (PSS/CSS). [6] Today, the centre is owned by Eureka Funds Management, as trustee of both CPF and PSS/CSS. [2]

[edit] Retailers

Indooroopilly Shopping Centre is home to a large number of retail shops and is one of the main fashion locations in Brisbane. Major retailers include:

Fashion retailers include Country Road, Sportsgirl, Esprit, Just Jeans, Supre. Homeware retailers include Trendy, Home, Storage Space, Robins Kitchen and Taj Mahal. Telecommunication retailers include Allphones, Optus World, Telstra Shop, Crazy Johns, Vodafone Shop, 3 Shop, and Fone Zone, as well as two kiosks, B Shop and Telechoice.

Indooroopilly Shopping Centre has a large food court at the rear of the 3rd level with vendors such as McDonalds, KFC, Hungry Jacks, Oporto and Subway. Cafes and other food vendors are also spread across the centre.

[edit] Transport

The shopping centre is well serviced by public and private transport. Indooroopilly Shopping Centre contains the bus interchange that acts as a hub for bus services in the western suburbs. The Indooroopilly railway station is located in walking distance from the shopping centre. Extensive car parks, with access from all sides of the shopping centre provide convenient access for cars. Bicycle racks are provided around the entrances to the shopping centre.

[edit] Other Facilities

Indooroopilly Shopping Centre contains an office tower, housing a number of professional suites (such as health-care, accounting, and others). The centre is also home to the Indooroopilly branch of the Brisbane City Council Library.

[edit] Future

David Jones has expressed its interest in opening a store in the centre. [7] Land to the immediate south of the centre is believed to have been earmarked for a possible expansion of the centre, adding a piazza or town square-style precinct. This would involve the partial closure of several streets, such as Stamford and Grosvenor Roads. [8]

[edit] References

  1. ^ Retail Asia Pacific
  2. ^ a b c d e ARIA Property Fund. Eureka Funds Management. Retrieved on 2008-03-26.
  3. ^ Metropolitan Stores. Myer. Retrieved on 2008-03-26.
  4. ^ Indooroopilly Brisbane. asiarooms.com. Retrieved on 2008-03-26.
  5. ^ WESTFIELD TRUST TO SELL 50% STAKE IN INDOOROOPILLY FOR $300M
  6. ^ Property fund cashes in more of its assets. Sydney Morning Herald. Retrieved on 2008-03-26.
  7. ^ Retail blues
  8. ^ Roads key to piazza. skyscrapercity.com. Retrieved on 2008-03-26.

[edit] External Links