Indooroopilly Shopping Centre
|Location||Indooroopilly, Brisbane Australia|
|Developer||Eureka Funds Management|
|Management||Eureka Funds Management as Investment Manager|
|Owner||Commonwealth Superannuation Corporation|
|No. of stores and services||249 (215 specialties, 34 kiosks)|
|No. of anchor tenants||Seven|
|Total retail floor area||84,516 m²|
|No. of floors||Four|
|Parking||Approx 3,900 spaces|
Indooroopilly Shopping Centre is a major regional shopping centre in the western suburb of Indooroopilly, which is located in the city of Brisbane, Queensland, Australia. It is the largest shopping centre in the western suburbs of Brisbane, by gross lettable area, and contains the only Myer store in that region.
The centre was constructed and opened in 1970 by The Westfield Group. The entire area was first cleared of the residents and their homes, mostly Queenslander style houses. At its opening, it was reputedly the largest shopping mall in the Southern Hemisphere. This title has since been overtaken by newer centres. The centre has undergone extensive renovations since its opening. Some of these include an 8 screen cinema complex operated by Birch Carroll and Coyle in 1987, the addition of a third level in 1995 and the extension and upgrade of the cinema complex into a 16 screen (including Gold Class) Megaplex in 1998. Until 2000, Indooroopilly Shopping Centre was known as Westfield Shoppingtown Indooroopilly.
In 2000, The Westfield Group sold its 50% joint venture stake in the centre to Commonwealth Funds Management (CFM) for $300 million. CFM, through its management of the Commonwealth Property Fund (CPF), was the other partner in the joint venture, owning the other 50% stake and giving them full ownership of the centre as a result of the sale. In 2005, CPF (while managed by Colonial First State Property) sold 50% of the centre to the Public Sector and Commonwealth Superannuation Schemes (PSS/CSS). Indooroopilly Shopping Centre is owned by Commonwealth Superannuation Corporation and is managed by Eureka Funds Management as Investment Manager.
The $450 million Indooroopilly Shopping Centre redevelopment is underway with completion expected in mid-2014. As part of the redevelopment, shoppers can look forward to a new David Jones, a revitalised Myer, new Coles supermarket to join Woolworths and a new outdoor dining precinct. The Centre will also welcome 120 new speciality stores, including an exciting array of Australian and international fashion brands, taking the total number of speciality stores to 340.
On 1 November 2012, Indooroopilly's first redevelopment milestone was met with the opening of the new Target store and 6 children's fashion retailers in a new Children's zone on level 2.
The second redevelopment milestone was met with the opening of the new Woolworths Supermarket and Gourmet Fresh Precinct on Level One on 24 July 2013. Closely following on 5 September 2013, the new Kmart store opened on Level One plus a variety of new specialty stores and over 350 new undercover carparks.
The third redevelopment milestone began with the opening of the Next Generation Coles Supermarket on level 1 on the 29th of March 2014. The following weeks welcomed an additional 20 retailers including Daiso, Liquorland and JB HiFi plus acclaimed fashion retailers Trenery, Florsheim and Rodd & Gunn.
On the 14th of April 2014, the Myer end of the new two level parallel fashion mall opened. Indooroopilly welcomed over 30 new fashion stores including Mimco, Sambag, Saba, L'Occitane, Lululemon Athletica and City Beach.
In May 2014, Indooroopilly will welcome retail powerhouse David Jones plus an additional 70 retailers which includes a national and international fashion designer precinct .
Indooroopilly Shopping Centre is home to a large number of retail shops and is one of the main fashion locations in Brisbane.
- Myer department store
- David Jones department store
- Target discount department store
- Woolworths supermarket
- Coles supermarket
- Kmart discount department store
- Fitness First Platinum gym
- Event Cinemas
- Luxury Stores & Designer Boutiques
Current fashion retailers include Veronika Maine, Witchery, David Lawrence, Country Road, Peter Alexander, Forever New and Supre. Homeware retailers include Bed Bath N Table, Adairs, Earthborn, Kikki K, House, King of Knives and T2. Telecommunication retailers include Optus World, Telstra Shop, Vodafone Shop, Virgin Mobile and Telechoice.
Indooroopilly Shopping Centre has a 16 screen Event Cinemas and large food court at the southern end of the 3rd level with vendors such as McDonalds, KFC, Hungry Jacks, Oporto and Subway. Cafes and other food vendors are also spread across the centre.
The shopping centre is well serviced by public and private transport. Indooroopilly Shopping Centre contains the bus interchange that acts as a hub for bus services in the western suburbs. The Indooroopilly railway station is located 400m downhill from the shopping centre. Extensive car parks, with access from all sides of the shopping centre provide convenient access for cars. Bicycle racks are provided around the entrances to the shopping centre. The centre's pedestrian access is generally poor: The 3 direct entrances are located on the building's ends; all other entrances can only be accessed through the car parks.
Indooroopilly Shopping Centre contains an office tower, housing a number of professional suites, such as health-care, accounting, and others. The centre is home to the Indooroopilly branch of the Brisbane City Council Library and contains an Australia Post office. There are also branches for Medicare and Medibank Private. Medical service include two three medical centres, two audiology clinics, a dentist and a podiatrist.
Development approval has been obtained and plans for the redevelopment include the addition of around 30,000 square metres of new retail space comprising a new mall and fresh food area, a 14,200 square metre David Jones department store, a new supermarket, additional parking spaces, significant upgrades to external facades and a facelift for existing retail precincts within the centre.
The centre will introduce a Coles supermarket and around 120 speciality stores with a primary focus on national and international fashion brands. The existing Myer store will be reconfigured with a brand new fitout and will occupy around 15,000 square metres of space over two enlarged floors of the centre (Levels 2 and 3). Target will relocate to a new location on Level Two (old Harvey Norman site) and Kmart will relocate to Level One (Target's old location) to ensure they reflect the new look and feel for the centre that will come with the redevelopment. Woolworths will also relocate, fronting a new Gourmet Fresh precinct on level 1 under Myer. Following the redevelopment, Indooroopilly Shopping Centre will comprise around 115,000 square metres of retail space and will house around 340 retailers.
A new plaza precinct will be developed on the corner of Station and Stamford Roads, creating an active frontage to local area retail and commercial areas; with a range of coffee shops, restaurants, shade and open space to present a welcoming, community-focused entry to the centre.
An additional 900 car parks would be introduced during the redevelopment, along with improvements to circulation and access.
Retailing icon, David Jones will be located on the Stamford Road side of the centre and will occupy two levels, with car parking floors positioned above and below. Works commenced late 2011 and will be complete by Brookfield Multiplex  in the 2nd quarter of 2014.
- "Metropolitan Stores". Myer. Retrieved 26 March 2008.
- "Indooroopilly Brisbane". asiarooms.com. Retrieved 26 March 2008.
- "Westfield Annual Report 1999". Westfield Group. Retrieved 15 July 2011.
- WESTFIELD TRUST TO SELL 50% STAKE IN INDOOROOPILLY FOR $300M
- "Property fund cashes in more of its assets". Sydney Morning Herald. 1 November 2005. Retrieved 26 March 2008.
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