Westfield Penrith

Westfield Penrith
Owner The Westfield Group
No. of stores and services 346[1]
No. of anchor tenants 6[1]
Total retail floor area 92,220m[1]
Parking 3,700 spaces[1]
Website westfield.com.au/penrith

Westfield Penrith, also known as Penrith Plaza, is a shopping complex located in the Penrith, New South Wales central business district.

It has been owned to some level by the GPT Group since June 1971. In 2005, The Westfield Group requested clearance from the Australian Competition and Consumer Commission to purchase a 50% stake in Penrith Plaza from the GPT Group. The ACCC did not oppose this purchase.[2] Westfield purchased the half share in the property and the centres' name became Westfield Penrith.

Stores

In total there are over 300 retail tenants. The three department stores lease over 35,000 m² of a total of 89,700 m² lettable area.[3]

Major stores include:

History

Originally built in the 1970s, the centre underwent extensive redevelopment during the early 1990s. Built in 3 stages, the centre was demolished and rebuilt leaving the first two levels of Myer the only remaining part of the original complex.

Through most of 1993, the centre which was then called Penrith Plaza underwent major renovations. It included an expansion of the Grace Bros store and the addition of the Hoyts Cinemas at the Riley Street end. An eastern wing was added with more retail space. The newly renovated section of the shopping centre was opened on Tuesday 31 August 1993.[4]

In June 2005 the Westfield Group acquired the centre and changed its name from Penrith Plaza to Westfield Penrith.

The most recent expansion was completed in November 2005 where the centre extended east over Riley Street.[5]

Location

The centre is located adjacent to Penrith railway station interchange (incorporating a major regional bus terminal), and has approximately 3500 car park spaces.

Further reading

References

  1. ↑ 1.0 1.1 1.2 1.3 Westfield Penrith Portfolio
  2. ↑ "Public Competition Assessment 8 July 2005 - The Westfield Group proposed acquisition of 50 per cent of Woden and Penrith Plazas and 25 per cent of Sunshine Plaza from General Property Trust" (pdf). ACCC. 8 July 2005. Retrieved 2007-03-23.
  3. ↑ Westfield Penrith, GPT Group, 30 June 2006. Retrieved 5 February 2007
  4. ↑ Penrith City Council Timeline of Development. Retrieved 16 March 2012
  5. ↑ "Open again at Penrith". The Sydney Morning Herald. 12 November 2005. Retrieved 8 December 2012.

External links