Metropolitan Perth Shopping Centre Development Report
Wholesale Change coming to WA Retail Centres
New from Y Research
2018 Metropolitan Perth
Shopping Centre Development Report
The long awaited redevelopment of Perth’s major centres is finally upon us. The redevelopment of Mandurah Forum is complete, construction is well under way at Carousel and Midland Gate, and work is set to commence at Garden City and Karrinyup by the end of the year. Major redevelopments will play an increasingly important role in the market as the number of new neighbourhood centres added on Perth’s fringes continues to decline.
Overall, shopping centre developments worth over $5 billion are set to be completed between 2017 and 2021. These developments will add new Department Stores, supermarkets, international retailers and over 1,000 specialty stores. Centres will become community focal points, facilitating the development of non-retail spaces, such as childcare centres, gyms, medical facilities, offices, apartments and public meeting spaces. These developments are set to create approximately 50,000 jobs in the construction and operation of these centres.
Y Research’s May 2018 Metropolitan Perth Shopping Centre Development Report details the current status of developments in shopping centres across the Perth metropolitan region, from Alkimos in the north to Mandurah in the south. This Report provides independent analysis of 43 shopping centre developments across metropolitan Perth that were completed in 2017, or are either under construction or are actively progressing through the development approval process.
If you are interested in becoming more involved in this key sector of Western Australia’s construction and property market, this Report is a one stop shop for key information on the once in two-decade investment boom in shopping centre development.
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