Indooroopilly Shopping Centre

Indooroopilly Shopping Centre
Location Indooroopilly, Brisbane Australia
Coordinates 27°30′00″S 152°58′20″E / 27.50000°S 152.97222°ECoordinates: 27°30′00″S 152°58′20″E / 27.50000°S 152.97222°E
Opening date 1970
Developer Eureka Funds Management
Management Eureka Funds Management as Investment Manager
Owner Commonwealth Superannuation Corporation
No. of stores and services 340
No. of anchor tenants Ten
Total retail floor area Approx 115,000 m²
No. of floors Four
Parking 4,700 spaces
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.[1]

History

The centre was constructed and opened in 1970 by The Westfield Group. The entire area was first cleared of the residents and their homes, mostly Queenslander style houses. At its opening, it was reputedly the largest shopping mall in the Southern Hemisphere.[2] 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 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.[3]

In 2000, The Westfield Group sold its 50% joint venture stake in the centre to Commonwealth Funds Management (CFM) for $300 million.[4] 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).[5] Indooroopilly Shopping Centre is owned by Commonwealth Superannuation Corporation and is managed by Eureka Funds Management as Investment Manager.

The $450 million Indooroopilly Shopping Centre redevelopment is underway with completion expected in mid-2014. As part of the redevelopment, shoppers can look forward to a new David Jones, a revitalised Myer, new Coles supermarket to join Woolworths and a new outdoor dining precinct. The Centre will also welcome 120 new speciality stores, including an exciting array of Australian and international fashion brands, taking the total number of speciality stores to 340.[6]

On 1 November 2012, Indooroopilly's first redevelopment milestone was met with the opening of the new Target store and 6 children's fashion retailers in a new Children's zone on level 2 replacing the old Harvey Norman store.

The second redevelopment milestone was met with the opening of the new Woolworths Supermarket and Gourmet Fresh Precinct on Level One (where Myer's level 1 was previously located) on 24 July 2013. Closely followed by the opening of a new Kmart store on 5 September 2013 (in Target's old location), plus a variety of new specialty stores and over 350 new undercover carparks.

The third redevelopment milestone began with the opening of the Next Generation Coles Supermarket on level 1 on the 29th of March 2014 (most of Woolworths old location). The following weeks welcomed an additional 20 retailers including Daiso, Liquorland and JB HiFi plus acclaimed fashion retailers Trenery, Florsheim and Rodd & Gunn.

On the 14th of April 2014, the Myer end of the new two level parallel fashion mall opened. Indooroopilly welcomed over 30 new fashion labels including Mimco, Sambag, Saba, L'Occitane, Lululemon Athletica, Nike and City Beach.

On May 1st 2014, Indooroopilly welcomed retail powerhouse David Jones plus an additional 70 retailers and over 500 more Car parks. The new retail precinct includes a national and international fashion designer precinct including International Designers Armani Collezioni, Hugo Boss, Georg Jensen, Max & Co, Calibre, Ted Baker, Brooks Brothers, Carla Zampatti and Australian Fashion Designers Zimmerman, Sass & Bide, Manning Cartell and Scanlan Theodore.

The 1st of May also introduced to the centre a new alfresco dining precinct located on Station Road. New restaurants include Nantucket, Ole Fuego, Harajuku Gyoza, Nitrogenie and The Mero. Pig & Whistle has since been refurbished to compliment this new precinct.

International fashion retail icon H&M will open in the centre in March 2015.

Retailers

Escalators at the northern end

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

Majors
Mini Majors
Luxury Stores & Designer Boutiques

Current fashion retailers include Veronika Maine, Witchery, David Lawrence, Country Road, Peter Alexander, Forever New and Supre. Homeware retailers include Wheel & Barrow, Bed Bath N Table, Adairs, Earthborn, Kikki K, House, King of Knives and T2. Telecommunication retailers include Optus World, Telstra Shop, Vodafone Shop, Virgin Mobile and Telechoice.

Indooroopilly Shopping Centre has a 16 screen Event Cinemas and large food court at the southern end of the 3rd level with vendors such as McDonalds, KFC, Hungry Jacks, and Subway. Cafes and other food vendors are also spread across the centre.

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 400m downhill 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. The centre's pedestrian access is generally poor: The 3 direct entrances are located on the building's ends; all other entrances can only be accessed through the car parks.

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 home to the Indooroopilly branch of the Brisbane City Council Library and contains an Australia Post office. There are also branches for Bupa and Medibank Private. Medical service include two three medical centres, two audiology clinics, a dentist and a podiatrist.

See also

References

  1. ↑ "Metropolitan Stores". Myer. Retrieved 26 March 2008.
  2. ↑ "Indooroopilly Brisbane". asiarooms.com. Retrieved 26 March 2008.
  3. ↑ "Westfield Annual Report 1999" (PDF). Westfield Group. Retrieved 15 July 2011.
  4. ↑ WESTFIELD TRUST TO SELL 50% STAKE IN INDOOROOPILLY FOR $300M
  5. ↑ "Property fund cashes in more of its assets". Sydney Morning Herald. 1 November 2005. Retrieved 26 March 2008.
  6. ↑ http://indooroopillyshopping.com.au/redevelopment

External links

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