The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
2 WEEKS UNTIL OUR UNMISSABLE FLAGSHIP CONFERENCE MORE THAN 550 ALREADY ATTENDING
2 WEEKS UNTIL OUR FLAGSHIP CONFERENCE 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
RetailStaff WriterTue 24 Jan 17

Western Australia Retail Experiencing Revolutionary Shift

S

Western Australia’s retail landscape is in a state of transformation, with the rise of ‘town centre’ style retail focused on entertainment and experience prompting the demise of the traditional shopping centre.

The major shift in retail trends was covered in CBRE’s latest Viewpoint ‘Western Australia’s retail centre revolution’, which highlights how the sector's transformation is underpinned by State Government reform to floor space caps and a generational shift towards a more experience-focused retail experience.

“Town centre style developments that provide far more than just a retail offering are quite commonplace across the globe, leaving WA with a lot of ground to make up in the wake of the planning reforms,” CBRE Research Manager Gemma Alexander said.

“Such changes will increase WA’s offering to a level comparable with eastern states, and indeed begin to elevate its retail centres to a global standard.”

A number of major refurbishments and extensions are intended for Perth’s major centres, culminating in approximately $2.5 billion worth of construction work over the next five years.

CBRE Director of Retail Services in Western Australia, Richard Cash, said Perth was becoming more competitive at both a domestic and international level amid an underlying shift in the fundamental concept of modern retail.

“Retail has evolved significantly over the past decade – transforming from just a single destination for the purpose of acquiring goods, to providing a more holistic consumer experience encompassing not just a shopping element, but leisure and dining.

"As retailers become sophisticated in their approach to meeting the needs of shoppers – both today and in the future – our shopping centres are also changing face,” Mr Cash said.

“Not only is the how and why of retail changing, but also the when, with many shopping centres looking beyond the traditional 9 – 5 trading hours, to position themselves as nighttime destinations.

"By establishing quality dining precincts and introducing entertainment options, shopping centres are able to activate the huge untapped potential of nighttime patronage, as well as the day to day custom which they’re used to.”
[urbanRelatedPost][/urbanRelatedPost]
Westfield Carousel, Perth’s largest current retail centre, is set to be overshadowed by a proposed 106,050 square metre proposed expansion of Morley Galleria, which will see the complex boosted to a total GLA of 179,415 square metres.

The expansion plans include a six storey hotel, apartments and office tower, a medical centre, tavern, theatre, cinema and recreational facilities.

Westfield Carousel will also undergo an expansion, adding 47,108 square metres to become a 130,230 square metre complex, while Garden City will become the state’s third largest centre with 120,000 square metres GLA after a 55,000 square metre extension.

A proposed 49,393 square metre extension to the current 64,000 square metre Karrinyup Shopping Centre will have a strong focus on lifestyle and entertainment elements, with it set to include a commercial centre, medical and consulting rooms, community spaces and extensive town square.

RetailAustraliaConstructionPlanningArchitecturePlanningSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Freecity Rouse Hill triple towers 2 Tempus Street
Exclusive

Freecity Takes Covers Off $330m Triple Towers in Sydney’s North-West

Leon Della Bosca
5 Min
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Exclusive

Interstate Developers Find Lots to Love in ‘Progressive, Affordable’ SA

Taryn Paris
5 Min
Bates Smart Richmond Sportslink HERO
Exclusive

BtR Focus Drives Bates Smart’s Richmond Sportslink Concept

Leon Della Bosca
6 Min
View All >
Industrial

Inland Rail: Site at Rural Hub Comes to Market in Victoria

Lindsay Saunders
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
Residential

Home Affordability Gap Widens Across Asia-Pacific

Lindsay Saunders
Income growth and price dips have done little to improve the situation, according to fresh data from the Urban Land Inst…
LATEST
Industrial

Inland Rail: Site at Rural Hub Comes to Market in Victoria

Lindsay Saunders
2 Min
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Residential

Home Affordability Gap Widens Across Asia-Pacific

Lindsay Saunders
3 Min
Stockland's Triniti HERO
Build-to-Rent

Stockland $400m North Ryde BtR Approved on Appeal

Leon Della Bosca
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/wa-retail-experiencing-revolutionary-shift