Project Details



Active Projects Total
Project
$m
SCG
Share
$m
Project Yield
Range
Anticipated
Completion
Scentre Group
2016 Starts
Chermside 355 355 2017
North Lakes - Stage 2 140 70 2016
495 425
2015 Starts
Warringah Mall 310 155 2016
Casey Central 155 155 2016
465 310
960 735 7.0 - 7.5%
Third Party
Pacific Fair 670 - 2016
Total 1,630 735
  • Commenced $830m of developments during 2015 (SCG share: $583m)
  • Completed developments at Hurstville, Chatswood, Kotara, North Lakes and Miranda during 2015
  • 2016 commenced developments at Chermside and North Lakes with a combined value of $495m (SCG share: $425m)

ACTIVE PROJECTS


The $355m redevelopment of Westfield Chermside includes the construction of a second level gallery mall that will connect with the upper levels of Myer and David Jones department stores, and a new lifestyle and entertainment precinct.

The gallery mall will be home to approximately 95 retailers including a number of large-format tenancies with local and international mini-major stores, providing a point of difference in the Brisbane market.

More than 12 large restaurant tenancies and 13 small-format street food stores will form the basis of a lifestyle and entertainment precinct that links directly to an existing Events Cinemas complex with 2 Gold Class, 2 Vmax and 12 standard auditoriums.

On completion of the redevelopment, which is the first major project since 2007, Westfield Chermsidewill be 156,643sqm retail GLA.

The new gallery mall is scheduled to open in April 2017, with the entertainment and lifestyle precinct to follow some months after.
A $140m redevelopment of Westfield North Lakes is underway with the construction of a new 60-store retail mall that will link the new 29,000sqm IKEA-owned store currently under construction with the existing centre.

The new retail mall will also be anchored by a Kmart discount department store and JB HiFi HOME. The redevelopment will improve North Lakes’ customer offer, creating one of the most comprehensive retail centres in Brisbane’s north.

Construction of the IKEA store is progressing on schedule and is due for completion in late 2016 to coincide with the opening of the new retail mall.

On completion of the redevelopment, Westfield North Lakes will be around 113,000sqm GLA.
Construction at Westfield Warringah Mall is progressing well and on track to open in 2016.

A new two-level parallel mall, anchored by a reconfigured Myer department store and large format mini-major retailers across both levels, will connect through to Woolworths on Level 1 and BIG W on Level 2. Myer’s reconfiguration and refurbishment is a key part of the $310m redevelopment with the former three-level 21,822sqm store to be transformed into a new two-level 15,000sqm store.

Approximately 70 new retailers will be introduced to the centre, complemented by the refurbishment of the existing fresh food precinct.

The project’s design will highlight the outdoor elements with a roof-top canopy providing ambience and protection over parts of the centre’s open areas. A number of dedicated spaces will be created for hosting events and installations.

Westfield Warringah Mall will be 134,000sqm GLA on completion.
Work is progressing well on the $155m project at Casey Central which is on track for completion with the first stage opening in March and final stage in September 2016.

Casey Central, in which the Group acquired its initial interest in 2006, will transform from a small neighbourhood centre with a total GLA of 6,500sqm, 23 shops and a Coles to a 28,700sqm retail centre with northern and southern pavilions linked by a retail mall, a new full-line Coles supermarket adjacent to a fresh food precinct, a Woolworths supermarket (opening September), an Aldi supermarket and a new-format Target discount department store.

Casey Central is located on a 10-hectare site in Narre Warren in Melbourne’s south-eastern growth corridor.

On completion in September, Casey Central will comprise 84 retail stores and will also feature a casual dining precinct adjoining an external childrens’ play area.

COMPLETED PROJECTS


In November 2015 Westfield Hurstville’s $105m redevelopment opened with a full refurbishment, an ambience upgrade and the introduction of ticketless parking.

A highlight of the project is the rooftop dining and entertainment precinct which has a range of late-trading casual dining outlets. The new precinct links directly to the refurbished Event Cinemas that now features one of the largest Vmax screens in Australia.

New retailers to the centre include a Woolworths supermarket, BIG W discount department store, JB Hi-Fi HOME, Cotton On Mega Store and Rebel Sport.
In November 2015 the first stage of Westfield Chatswood’s $125m redevelopment opened with a new five-level mall on Victoria Avenue replacing the existing two-level mall, and a reconfiguration and upgrade of two levels of the existing multi-storey mall.

The Asian dining market Hawker Lane also opened with 14 street-food style operators trading in an open kitchen late night environment. Hawker Lane links to an outdoor laneway decorated with public artwork and activated with food truck vendors.

The redeveloped centre’s improved fashion offer features four new large-format tenancies including the newly opened Uniqlo and H&M stores, a relocated Rebel Sport and the flagship two-storey Topshop Topman facing Victoria Avenue. Existing major tenants Target and Hoyts are currently undertaking full refurbishments to their latest model stores.

Around 45 new retailers, including the international mini-majors, have been added to the centre which has increased to 80,000sqm GLA.
In November 2015 Westfield Kotara’s $55m redevelopment opened with a new rooftop dining and entertainment precinct set in an open-air landscaped garden space with 9 restaurants and food outlets.

The precinct has transformed Newcastle’s family entertainment options with a new eight-screen Event Cinemas complex with Gold Class and Vmax auditoriums, creating a genuine entertainment and lifestyle addition for the local community.
In November 2015 Stage 1 of Westfield North Lakes’ redevelopment opened with two new precincts – The Marketplace fresh food and The Laneway al fresco dining – as part of the $80m project, which also includes a brand new Event Cinemas complex due to open at Easter.

The Stage 1 project included 17 new specialty retailers and a state-of-the-art children’s playground serving the centre’s local family-based community.
Westfield Miranda opened in October 2014 with the launch of a gourmet fresh food market and a three-level galleria fashion mall and an al fresco dining precinct with nine restaurants, cafes and food operators set around a landscaped public space.

Opening at the same time was the providore-style food market with 20 specialty suppliers, a state-of-the-art demonstration kitchen and the most comprehensive selection of fresh food in Sydney’s south, in an environment representing the very latest in food retail design.

During 2015 a rooftop dining precinct with six restaurants opened, linking directly to the relocated ten-screen Event Cinemas complex with Gold Class and Vmax auditoriums. Later in the year a Coles supermarket was introduced to the centre, anchoring a fully refurbished fresh food precinct on Level 2.

The project’s final precinct, in the former cinema space, is scheduled to open around Easter 2016 with the addition of Skyzone; Playtime and a range of family dining options.

Westfield Miranda is now 129,000sqm GLA with an additional 100 specialty retailers on completion of the redevelopment.

Future Pipeline


The Group is undertaking pre-development activity on future development opportunities in excess of $3bn.

Albany (NZ) Knox (VIC) St Lukes (NZ)
Carousel (WA) Marion (SA) Tea Tree Plaza (SA)
Coomera (QLD) Newmarket (NZ) Warringah Mall - Stage 2 (NSW)
Innaloo (WA) Plenty Valley (VIC) Whitford City (WA)