Westfield Bondi Junction
From Wikipedia, the free encyclopedia
| Westfield Bondi Junction | |
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| Facts and statistics | |
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| Location | Bondi Junction, Sydney, New South Wales, Australia |
| Opening date | 2003 |
| Developer | Westfield Design and Construction Pty Ltd)[1] |
| Management | The Westfield Group |
| Owner | The Westfield Group |
| No. of stores and services | 505 [2] |
| No. of anchor tenants | 5[3] |
| Total retail floor area | 104,000m²[4] |
| Parking | 3,297 parking spaces[5] |
| No. of floors | 8 (Parking and Retail) |
| Website | westfield.com/bondijunction |
Westfield Bondi Junction is a large, upmarket shopping centre located in the suburb of Bondi Junction in Sydney, New South Wales, Australia.
WBJ, as it is known colloquially is the flagship centre of the Westfield Group. With a gross lettable area of 131,579m2, it is the 2nd largest shopping centre in New South Wales and the 6th largest in Australia. It currently has 505 stores[2].
See: List of Shopping Centres in Australia by size
The Westfield Group is the largest retail property group in the world and owns 121 shopping centres in four countries.[2]
Today the centre’s major tenants include two supermarkets, two department stores, a discount department store and a cinema.
Unlike most Westfield shopping centres, Westfield Bondi Junction caters for the upmarket consumer.[6]
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[edit] History
Anchor Tenants
Westfield Bondi Junction is built on land that was originally occupied by three separate retail buildings. The oldest of these was built by Grace Bros. in 1933 and continued to be occupied until the recent redevelopment. The land was also occupied by the Carousel Centre which had opened in the 1970s and Bondi Junction Plaza. In 1994 Westfield bought a controlling stake in Bondi Junction Plaza from AMP and renamed it Westfield Bondi Junction Plaza. In 2000, Westfield purchased the Carousel Centre and the remaining stake in Bondi Junction Plaza.[7]
The redevelopment took six years for approval to be gained. This was because the shopping centre is located on the border of Waverley and Woollahra Local Government Areas. In 1997 the Minister for Urban Affairs and Planning, Craig Knowles, approved the initial concept for a redeveloped shopping centre. Following the purchase of the Carousel Centre in 2000, a new expanded scheme was submitted for approval. In 2001 the New South Wales Minister for Planning, Frank Sartor approved the development despite the two councils objections. The scale of the development was the main reason for the delayed approval process. This included four levels of shops, parking, and two levels of shops underground reaching 25 metres below as well as three levels of shops and four levels of parking above ground. In addition a 70 metre tunnel and a 12 metre wide double storey pedestrian bridge above ground. The redevelopment incorporates 458 retailers.[8]
Located in the Eastern Suburbs of Sydney, Westfield Bondi Junction caters for singles and couples who enjoys a significant level of affluence.[6]
Westfield Bondi Junction has been blamed for the downturn in trade in surrounding shopping hubs. The nearby Oxford Street, in Paddington is one example. Retail trade in that location dropped 30% in the four months after the opening of the shopping centre with other locations in Double Bay and Woollahra experiencing similar downturn in trade.[9]
[edit] Statistics
Westfield Bondi Junction is notable statistically among the international portfolio of the Westfield Group. The centre had the highest sales internationally among the group for the 2005 calendar year.
- Number of Shops: 445 shops (3rd)[10]
- Area: 104,000m² [4]
- Sales: AUD $754 million (1st)[10]
- Book Value: AUD $1,502 million (1st)[10]
- Value per Area: AUD $11,517.45m² (2nd)[10]
[edit] Access
Westfield has a 3,297 parking spaces available to customers.[11] It is also located opposite Bondi Junction railway station that has train services to the city and adjacent to the famous Bondi Junction transport interchange that has bus service running to various regions throughout the Eastern suburbs and Sydney operated by State Transit.[12]
[edit] See also
List of shopping centres in Australia
[edit] References
- ^ earthmover.com. Westfield-ising Bondi Junction. Retrieved on 08 January 2007.
- ^ a b c westfield.com/corporate. Westfield group. Retrieved on 19 November 2006.
- ^ Westfield Property Portfolio: Bondi Junction, accessed January 08, 2007
- ^ a b westfield/ourstores2. Westfield - our stores2. Retrieved on 19 January 2008.
- ^ westfield/corporate. Westfield Group - Westfield Bondi Junction. Retrieved on 08 January 2007.
- ^ a b bandt.com.au. New Westfield Bondi is not for families. Retrieved on 22 November 2006.
- ^ infolink.com.au. Westfield building landmark Bondi Junction. Retrieved on 22 November 2006.
- ^ westfield.com. Westfield Bondi Junction - Our Stores. Retrieved on 05 January 2007.
- ^ smh.com.au. Store wars. Retrieved on 22 November 2006.
- ^ a b c d westfield/ourstores. Westfield - our stores. Retrieved on 29 September 2007.
- ^ westfield.com/corporate. Westfield Group - Westfield Bondi Junction. Retrieved on 05 January 2007.
- ^ sydneybuses.info. Sydney Buses Timetables. Retrieved on 22 November 2006.
[edit] External links
- Westfield Bondi Junction
- Westfield Bondi Junction is at coordinates Coordinates:
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