Bankstown Central Shopping Centre

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Bankstown Central Shopping Centre
Bankstown Centro Shopping Centre.JPG
Rooftop Entrance
Location
Opening date 1966
Developer Federation Limited
Management Federation Limited
Owner Federation Centres (50%) & Challenger (50%)
No. of stores and services 323
No. of anchor tenants 8
Total retail floor area 85,799 m²
No. of floors 3
Parking 3,295
Website [1]

Bankstown Central Shopping Centre is a major regional shopping centre situated in Bankstown, in the central business district of the City of Bankstown, in the suburbs of Sydney, Australia. Opened as "Bankstown Square" in 1966, it was at the time Australia's largest[1] and was one of Sydney's first major shopping centres.[2] The development of the shopping centre was a moment of significance in the development of Bankstown as a satellite centre of south-western Sydney. A major centre of governmental and community service provision as well as retail commerce, the Centre remains an important part of the civic life of this region of Sydney.[3]

Today, the Centre has over 310 specialty stores including a number of major retail stores. Opened in 1966, the shopping centre has undergone several refurbishments and additions. The most recent work involved extension of the shopping complex to a block of land opposite Lady Cutler Avenue.

History[edit]

The shopping centre was developed as "Bankstown Square" by Lend Lease and opened in 1966. It was at the time Australia's largest shopping centre, and remained for many years the flagship property in Lend Lease's portfolio.[4] It was also one of Sydney's first major shopping centres.[5] The development of the shopping centre was a moment of significance in the development of Bankstown as a satellite centre of south-western Sydney. Not only did it bring major retailers such as David Jones Limited, the premium department store, to the area for the first time, it also became a centre of community and governmental service provision for south-western Sydney.[6]

In 2002, the centre was owned 50-50 by the General Property Trust (GPT) and the Government Superannuation Office (GSO). In October 2002, GPT divested its 50% interest in Bankstown Square to Centro Properties Group for $176 million,[7] the remaining 50% share was sold to another Centro vehicle in 2003. The shopping centre was renamed "Bankstown Centro".

Centro Properties Group was restructured in 2011 due to financial difficulty and accounting irregularities. The successor entity, Federation Limited, rebranded the centre to "Bankstown Central" in 2013.

Timeline[edit]

An entrance to the shopping centre from the rooftop carpack, at night.
  • 1966 - "Bankstown Square" opened
  • 2002 - Acquired by Centro Properties Group as property manager, name changed to "Centro Bankstown", 50% Interest Acquired by Centro Australia Wholesale Fund
  • 2003 - 50% Interest Acquired by Centro MCS 28
  • 2006 - Stage 1 Redevelopment Started
  • 2007 - Stage 1 Redevelopment Completed, Stage 2 Redevelopment Started
  • 2008 - Stage 2 Redevelopment Completed
  • 2013 - Rebranded to Bankstown Central to reflect rebranding of Centro Properties Group; 50% Interest Acquired by Challenger

Redevelopment[edit]

The shopping centre has undergone a two-stage major "redevelopment program" which was completed in mid-2008.

Stage I (2006-2007): Extensions, Relocations, New Malls[edit]

Expansion of Bankstown Central 2008
Bankstown Central 2008

In July 2006, the extension to the complex was completed adding 26,000 m² of retail space and bringing the total gross leasable area to 66,500 m².[8] It features a new Woolworths, the largest Big W in NSW, as well as 28 additional specialty stores. Franklins moved to the old Woolworths premises in December, 2006, and a new mall featuring twenty new stores opened in November 2007 where it was once located. The new mall connects the Grand Market fresh food area with the food court. New stores were opened (e.g. Game, Bankwest), some stores closed down (e.g. JB Hi-Fi, Tandy), while others relocated (e.g. Best and Less) or underwent major renovations (e.g. Dick Smith Electronics).

Stage II (2007-2008): Myer Bankstown[edit]

Myer opened on May 17, 2008, on the site of the old David Jones store. David Jones pulled out of the Bankstown site after the 40-year lease of the store was up because the area did not fit their demographics, making the store unprofitable. [9] This is similar to the swap that happened at Westfield Eastgardens and Westfield Burwood, the latter in a reverse direction which David Jones replaced a Myer store. The Bankstown Myer store stocks more than the old David Jones store and is the largest store at Bankstown at 10,150m². An extended fashion mall connects to the new Myer entrance. Plus a new NAB branch was located next to the RTA. In a later stage Federation Centres will be planning to add another level (4) to its main centre.

Public transport[edit]

At Centro Bankstown a bus interchange is located at the Jacobs Street entry. A taxi stand is located at the Jacobs Street entry and Bankstown railway station is only a short distance from Bankstown Central situated off the North Terrace.

Services[edit]

Retail[edit]

Major stores in the centre include:

Government[edit]

Food and beverages[edit]

The centre also features two stores each of Michel's Patisserie, McDonald's, Gloria Jean's and Wendy's.

Banks[edit]

See also[edit]

References[edit]

External links[edit]