|Location||Figtree, New South Wales, Australia|
|Opening date||23 September 1965|
|Owner||Hong-Kong subsidiary of The Blackstone Group|
|No. of stores and services||95 |
|No. of anchor tenants||3|
|Total retail floor area||21,688 m2 (233,448 sq ft)|
|No. of floors||1|
History and development
Westfield Figtree (later Figtree Grove, see below) was opened on 23 September 1965 and started life as a neighbourhood shopping centre. It was the second Westfield Shopping Centre to be opened in Australia.
The centre has a current catchment area of 155,045 persons, and retail spending in the catchment area estimated at A$1.6 billion (2005). Annual turnover at the centre for 2008 was 167.4 million with 4.3 million visitors per year. In a 2004 survey conducted by the local city council, it found that the majority of visitors to the centre were attracted by its grocery and department store offerings.
Figtree Grove was sold by Scentre Group to Blackstone Real Estate Asia in August 2015 and will be managed by Jones Lang LaSalle.
The centre has been redeveloped three times in its life, the first of these taking place in 1975. This first redevelopment upgraded it from Neighbourhood to Regional shopping centre status, and the largest centre outside the Wollongong CBD. It was again redeveloped in 1987, and 1992. It has recently undergone major renovations internally and externally in 2009, with 15 new shops fitted.
Major retailers operating within the shopping centre include;
- "Property Portfolio - Westfield Figtree". The Westfield Group. Retrieved 2007-07-17.
- "Figtree - history". City of Wollongong. Archived from the original on 2007-05-26. Retrieved 2007-07-17.
- "Crown Street Mall - Rates Survey 2004 and 2002 with analysis" (PDF). Iris Research for City of Wollongong. December 2004. Archived from the original (PDF) on 2007-09-28. Retrieved 2007-07-17.
- "Public Transport - Westfield Figtree". The Westfield Group. Archived from the original on 2007-09-30. Retrieved 2007-07-17.