Melbourne’s Chadstone shopping centre has topped the Shopping Centre News Big Guns list this year, with a turnover of $1 billion.
The annual Shopping Centre News survey ranked Australian shopping centres according to moving annual turnover for the 2007 financial year. Turnover at the top 20 shopping centres rose more than 7% to $13.5 billion.
Nearly all of the 80 centres in the survey recorded turnover growth that kept pace with or exceeded inflation.
Sydney’s Westfield Bondi Junction was second on the list, with a turnover of $900 million – an increase of 9.1% on the previous year.
Warringah Mall, also in Sydney, had turnover of $767.8 million, ranking it third. Westfield Chermside in Brisbane increased its turnover by a whopping 41.4% to $705.8 million, and ranked sixth.
The outlook for centres is less rosy, with the latest consumer confidence data indicating that consumers are closing their wallets.
Top 20 shopping centres with highest moving annual turnover
With Inside Retailing
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