Chadstone Beats Several Westfield Contenders to Remain Country’s Best Performing Shopping Centre

Melbourne’s Chadstone shopping centre was the country’s best performing shopping centre, reporting a Moving Annual Turnover of $957.3 million for year 2008, according to annual Shopping Centre News Big Guns survey .

Westfield’s Bondi Junction finished second in the national survey, reporting a 4.4 per cent increase in MAT for the year, to $940 million. The Warringah Mall, co owned by AMP Capital Investors and Westfield, finished third in the survey, with a MAT of $782.9 million.

Westfield’s Chermside Shopping Centre in Brisbane’s northern suburbs reported a strong 8.5 per cent increase in MAT to $766 million. That centre was extended in 2007.

TOP SHOPPING CENTRES IN 2008:

Centre (MOVING ANNUAL TURNOVER)

1. Chadstone Shopping Centre ($957.3 million)
2. Westfield Bondi Junction ($940 million)
3. Warringah Mall ($782.9 million)
4. Highpoint Shopping Centre ($767 million)
5. Westfield Chermside ($766.1 million)
6. Westfield Southland ($765.8 million)
7. Westfield Marion ($738.1 millio)
8. Knox Shopping Centre ($721.1 million)
9. Westfield Miranda ($699.2 million)
10. Westfield Parramatta ($697.9 million)

Source: Shopping Centre News

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco

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