Westfield Bondi Junction

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Westfield Bondi Junction
(1) Westfield Centre 6.JPG
Location Bondi Junction, Sydney, New South Wales, Australia
Opening date 2003
Developer Scentre Group
Management Scentre Group
Owner Scentre Group
No. of stores and services 499[1]
No. of anchor tenants 5[1]
Total retail floor area 126,895m²[1]
No. of floors 8 (Parking and Retail)
Parking 3,304[1]
Website westfield.com.au/bondijunction/

Westfield Bondi Junction is a large, upmarket shopping centre located in the suburb of Bondi Junction in Sydney, New South Wales, Australia.

The six-level complex, notable for its modern structure and retail mix, has several anchor tenants including David Jones and Myer department stores, Coles and Woolworths supermarkets, an Event Cinemas complex, as well as a flagship Harvey Norman store.[2]

History[edit]

Anchor Tenants

Westfield Bondi Junction is built on land that was originally occupied by three separate retail establishments. The oldest of these was a Grace Bros. store, opened in 1933 and continued to be occupied until the redevelopment. The land was also occupied by the Carousel Centre which had opened in the 1970s and Bondi Junction Plaza. In 1994 Westfield bought a controlling stake in Bondi Junction Plaza from AMP and renamed it Westfield Bondi Junction Plaza. In 2000, Westfield purchased the Carousel Centre and the remaining stake in Bondi Junction Plaza.[3]

The atrium, looking upwards

The redevelopment took six years for approval to be gained due to the site being located on the border of Waverley and Woollahra local government areas. In 1997 the Minister for Urban Affairs and Planning, Craig Knowles, approved the initial concept for a redeveloped shopping centre. Following the purchase of the Carousel Centre in 2000, a new expanded scheme was submitted for approval. In 2001 the New South Wales Minister for Planning, Frank Sartor approved the development despite the two councils objections. The scale of the development was the main reason for the delayed approval process. This included four levels of parking and two levels of shops underground reaching 25 metres below as well as three levels of shops and four levels of parking above ground. In addition a 70 metre tunnel and a 12 metre wide double storey pedestrian bridge above ground. The redevelopment incorporates 458 retailers and was completed in August 2004.[4] As of July 2014, this shopping centre is now under Scentre Group management.[5]

Westfield Bondi Junction has been blamed for the downturn in trade in surrounding shopping hubs. The nearby Oxford Street, in Paddington is one example. Retail trade in that location dropped 30% in the four months after the opening of the shopping centre with other locations in Double Bay and Woollahra experiencing similar downturn in trade.[6]

Statistics[edit]

Westfield Bondi Junction is statistically notable among the international portfolio of the Scentre Group.[7] The centre had the highest sales internationally among the group for the 2005 calendar year.

  • Number of Shops: 445 shops (3rd)[8]
  • Area: 104,000m² [9]
  • Sales: A$754 million (1st)[8]
  • Book Value: A$1,502 million (1st)[8]
  • Value per Area: A$11,517.45m² (2nd)[8]

Access and transport[edit]

Westfield has 3,183 parking spaces available to customers. It also has buses to the City, Bondi Beach, Coogee, Eastgardens, Sydney Airport, Rockdale, Campsie, Burwood and trains to Kings Cross, Town Hall, Central, Cronulla, Wollongong and Kiama on The South Coast and Illawarra and Eastern Suburbs lines.

References[edit]

  1. ^ a b c d Westfield Bondi Junction Portfolio
  2. ^ "westfield.com/corporate". Westfield Group - Westfield Bondi Junction. 
  3. ^ "infolink.com.au". Westfield building landmark Bondi Junction. Retrieved 22 November 2006. 
  4. ^ "westfield.com". Westfield Bondi Junction - Our Stores. Archived from the original on 10 September 2006. Retrieved 5 January 2007. 
  5. ^ Somasundaram, Narayanan (20 June 2014). "Westfield Retail Shareholders Vote in Favor of Restructure". Bloomberg News. 
  6. ^ "Store wars". The Sydney Morning Herald. 30 April 2005. Retrieved 22 November 2006. 
  7. ^ Condon, Turi. "Westfield restructure a success: Lowy". The Australian Business Review=20 June 2014. 
  8. ^ a b c d "westfield/ourstores". Westfield - our stores. Archived from the original on 24 August 2007. Retrieved 29 September 2007. 
  9. ^ "westfield/ourstores2". Westfield - our stores2. Archived from the original on 24 August 2007. Retrieved 19 January 2008. 

External links[edit]