Westfield Warringah Mall opened today following the completion of a $310 million redevelopment which includes Australia’s first new Myer concept department store and an additional 70 stores.
Jointly owned by Scentre Group and investors in the AMP Capital Diversified Property and AMP Capital Shopping Centre funds, the project commenced in August 2015 and sees the centre increase to 134,000 square metres gross lettable area (sqm GLA). Redevelopment works were largely focused on reconfiguring some 30,000sqm of retail space to accommodate the addition of new stores to create a modern and appealing shopping centre that is a key retail destination in Sydney’s north.
The new centre’s design is sensitive to the local environment with an ambience in keeping with the outdoor lifestyle of Sydney’s north shore. Key features of the existing centre have been retained including its unique indoor/outdoor design and the centre court which sits under an open canopy, embracing the elements.
Scentre Group Chief Executive Office Peter Allen said: “Westfield Warringah Mall is one of the premium centres in our portfolio. This redevelopment has been a welcome opportunity to enhance the quality of this centre and provide the local community with a shopping destination in keeping with their aspirations. It’s truly world-class and is the leading fashion, beauty and lifestyle destination in this part of Sydney.”
AMP Capital’s Global Head of Real Estate Carmel Hourigan said: “AMP Capital and Scentre Group saw an opportunity to improve and expand Warringah Mall to meet a growing demand for a high quality retail offering, as we aim to provide investors with consistent outperformance on their investment. This development has ensured Warringah Mall will continue to serve its community and by bringing international large format brands to the centre, it will remain a premier retail destination in Sydney’s north for years to come.”
The completed centre features a new two-level parallel mall that is anchored by a brand new Myer department store.
Myer Chief Executive Office Richard Umbers said: “Warringah Mall is located in the heart of the northern beaches, and our new Myer Warringah store has been completely redesigned and reinvigorated to bring contemporary, tailored retail to local customers.”
Many of the 70 new retailers coming into centre are new to the local area and have long been in demand by its customers.
New stores include international retailers H&M and Sephora as well as Cotton On Mega. Other brands new to centre include Mecca Maxima, Scotch & Soda, Nike, Tommy Hilfiger, Sea Folly, Lululemon and a new Country Road concept store.
Today’s opening follows the launch in June of a new fresh food precinct that has elevated Westfield Warringah Mall’s produce offer to one of the best on Sydney’s north shore. The 16 specialty food retailers – ranging from seafood and meat to cheese, fruit and vegetables – were last week joined by an upgraded Woolworths supermarket which is also one of Sydney’s largest.
Westfield Warringah Mall’s carparks have been reconfigured to improve and access for customers with a total of 4,650 parking spaces now available.
The joint owners will continue to consider further enhancements to the centre that will deliver a dining, lifestyle and entertainment precinct, consolidating Westfield Warringah Mall’s position as a premium leisure destination.
For more information please contact Julia Clarke – Scentre Group Corporate Affairs
+ 61 2 93587426
About Scentre Group:
Scentre Group (ASX Code: SCG) is the owner and operator of Westfield in Australia and New Zealand with interests in 40 centres encompassing approximately 11,670 retail outlets and total assets under management of $43.3 billion.
About AMP Capital:
AMP Capital is a specialist investment manager with more than A$160 billion in funds under management as of 30 June 2016. With over 50 years in investing in direct property and more than 400 property professionals, AMP Capital is one of the largest direct property fund managers in Asia Pacific.
AMP Capital, which is headquartered in Sydney but has offices in locations such as New York, Chicago, London and Hong Kong, has a heritage and strength in real estate and infrastructure, and specialist expertise in fixed income, equities and multi-asset solutions. It is a subsidiary of AMP Limited, which was established in 1849, and is one of Australia’s largest retail and corporate pension providers.