CBD Guns Premium content The Guns

CBD GUNS 2020

The usual 12 month reporting period for SCN‘s annual CBD Guns runs from 1 April to 31 March. This year, we changed it to 1 March 2019 to 29 February 2020. We did this as the COVID-19 situation led to a number of variances across the nation during the month of March 2020; some centres traded with all stores open; others partially closed with even some closed or not trading for most of the month. March was a month with the industry, especially the CBD component, ‘all over the place’ and all coming to terms with it in different ways until some sort of uniformity was established. 

This year, the list is also shorter than last year’s due to an almost unprecedented degree of redevelopment in CBDs. Sydney’s MLC Centre and Harbourside, as well as Perth’s City Central, Enex and Forrest Chase were development affected during the year. 

But that doesn’t mean the year was uneventful; it was, prior to COVID-19, it was one of the most challenging retail periods in decades; bushfires had an enormous influence, as did the drought. Those of us who live in major urban areas have wonderful choice in where we shop; we can go local, to our nearest (or favourite regional) or we can go ‘down-town’ to the city. Those in regional areas shop locally for day-to-day items but the nearest ‘city’ is where they come for the rarer purchases. As a trip to the city is a major event, they make the most of it and their spending power is significant. In a year of drought and bushfires, this market was significantly down. 

In a challenging year, the results were far better than many analysts predicted.  

Vicinity’s Emporium in Melbourne tops the MAT list with an 8% fall in sales over the previous year; their QueensPlaza in Brisbane is the runner up with a 7% increase! 

In third place, Dexus’ QV Melbourne showed a very creditable increase of some 4.5%. Although a tough year, some really good results – Dexus’ Galleria was up nearly 14% and Gateway Sydney was up 7%. Charter Hall’s Chifley, showed a 6% improvement with the JLL managed St. Collins Lane up by almost 12%. 

Vicinity’s Strand Arcade has the highest turnover per square metre of any centre, whatever size, in Australia. The multi-level centre in Sydney’s CBD has a staggering MAT/m2 close to $30,000 and, even in a difficult year, showed an improvement on last year of some 2%.  

In Specialty MAT/m2, The Strand Arcade obviously took the honours. Although most of the shops are relatively small, it’s still an outstanding performance.

Definitions:
GLA: Gross Lettable Area. Includes the trading area of all tenants located at the centre.
MAT: Moving Annual Turnover ($ million) 1 March 2019 to 29 February 2020. Includes GST. Excludes sales from casual tenants, financial institutions, health insurance, gaming venues, TAB/soft gambling.
MAT/m2: 1 March 2019 to 29 February 2020. Total retail sales of the centre divided by the retail area from which the retail sales were derived. Excludes financial institutions, ATMs, TAB/soft gambling, cinemas and entertainment venues.
Specialty MAT/m2: 1 March 2019 to 29 February 2020. Total retail sales for trade reporting tenants with a GLA below 400m2, divided by the retail area from which the retail sales were derived. Travel agencies are excluded from Specialty MAT/m2.

CBD Guns 2020 DATA TABLES

The following table includes data for all 17 CBD Gun centres.
Click the red “+” icon to view more information about each centre.

CBD Guns 2020 ranked by GLA

RankCentre Name :GLAState :Owner :Management Company :TelephoneMATMAT/m2Specialty MAT/m2Asset value: ($million) :Traffic / year (million) :Average Spend/ Visit ($) :Majors / CinemasMini Majors :Specialties :Carparks :Centre Manager:Marketing Manager :Leasing Manager 
1QV Melbourne 48,233 VICDexus Funds Mgt & Victoria Square QVDexus03 9207 9200$298.90 $9,366 $10,759 ---BW, HN, W141201Arabella RichardsSarah HynesJulie GasperArabella Richards
2Emporium Melbourne 45,301 VICVCX & GICVicinity Centres03 8609 8221$413.43 $10,596 $12,683 $1,465.0 19.83$20.85M7194-Kate RooneyLorenza MaioloZak Gelfand, Rebecca TibbottJustine Blackman
3QueensPlaza 39,378 QLDVCXVicinity Centres07 3234 3900$309.69 $8,642 $23,296 $795.014$22.12C, DJ157600Pamela WakefordLauren CrawfordAaron Barnes, Graham BelfieldJustine Blackman
4Barangaroo 17,238 NSWLLITST, LLOITST, LLMPLendlease02 9277 2034$192.57 $15,505 $19,453 ---DJ679-Scott SullivanJacqui StantonDennis WongBriohny Rofe
5World Square 16,436 NSWArcadia & ISPTJLL02 8275 6777$284.15 $18,635 $12,979 -27.8$10.22Coles4105522Donna KaranfilovskiSuzannah NicholsonBruce SedgwickSuzannah Nicholson
6The Galeries 15,000 NSWVCX & GICVicinity Centres02 9265 6800$200.31 $13,408 $20,921 $353.023.95$8.37-470-Kristy HoareDaniella ManuelAaron Barnes, Graham Belfield, Farzana MokhtarJustine Blackman
7Queen Victoria Building 13,908 NSWVCX / GICVicinity Centres02 9265 6800$274.30 $21,104 $23,686 $664.031.17$8.80-4159669Shane CarswellClare-Marie MartinezAaron Barnes, Graham Belfield, Farzana MokhtarJustine Blackman
8St. Collins Lane 9,359 VictoriaJ.P. MorganJLL03 9650 4355$41.71 $4,456 --5.36$5.75--39-Tammy WatsonKatherine Maliko-Katherine Maliko
9Greenwood Plaza 8,942 NSWMirvac (50%) & Nuveen (50%)Mirvac Real Estate02 9923 0700$83.51 $10,683 $10,508 $238.017.89$4.67Super IGA293347Keryn WardJuliana LovellSusie RompiesEmily Griffin
10Eagle Street Pier 7,480 QLDÊDexus Funds MgtDexus07 3156 2807$50.75 $9,520 $9,450 ----67291Kelly FergusonKate PowellNick XavierÊKelly Ferguson
11Metcentre 6,496 NSWMirvac (50%) & Blackstone (50%)Mirvac Real Estate02 9259 0900$84.87 $14,029 $12,063 $170.012.26$6.92W-73-Sol MiceliJuliana LovellSusie RompiesEmily Griffin
12Galleria, Melbourne 6,222 VictoriaDOTADexus0413 860 860$41.41 $13,260 $9,476 ---Kathmandu133-Lisa FlemingMonica BookerJulie GasperLisa Fleming
13The Strand Arcade 5,961 NSWVCX & GICVicinity Centres02 9265 6800$136.38 $29,598 $28,058 $270.05.46$24.98-169-Kristy HoareDaniella ManuelAaron Barnes, Graham Belfield, Farzana MokhtarJustine Blackman
14Gateway 5,700 NSWDexus Wholesale Property FundDexus02 9256 6963$79.44 $14,090 $15,397 ----330197Melanie ValeSue BallestyCameron HaddadMelanie Vale
15Chifley 4,833 NSWCharter Hall & GICCharter Hall02 9229 0165$28.25 $10,417 $10,055 $104.51.88$14.96-131367Ania AjiriAnia AjiriAnia AjiriAnia Ajiri
16Stockland PiccadillyÊ 3,001 NSWStocklandStockland02 9035 2222$30.26 $12,567 $10,073 $39.54.9$6.18-133-Nesko KolasinacCynthia ZabanehDouglas StewartVivian Ngo
17The Strand Melbourne 2,396 VICISPTJLL03 9290 0200$32.60 $13,356 $14,043 $103.43.39$9.61-116199Dave BurghamKatrina CheungZelman AinsworthKatrina Cheung

*Development affected


CBD Guns 2020 ranked by MAT

RankCentre Name :MATState :Owner :Management Company :TelephoneGLAMAT/m2Specialty MAT/m2Asset value: ($million) :Traffic / year (million) :Average Spend/ Visit ($) :Majors / CinemasMini Majors :Specialties :Carparks :Centre Manager:Marketing Manager :Leasing Manager
1Emporium Melbourne$413.43VICVCX & GICVicinity Centres03 8609 822145,301$10,596 $12,683 $1,465.00 19.83$20.85M7194-Kate RooneyLorenza MaioloZak Gelfand, Rebecca Tibbott
2QueensPlaza$309.69QLDVCXVicinity Centres07 3234 390039,378$8,642 $23,296 $795.0014$22.12C, DJ157600Pamela WakefordLauren CrawfordAaron Barnes, Graham Belfield
3QV Melbourne$298.90VICDexus Funds Mgt & Victoria Square QVDexus03 9207 920048,233$9,366 $10,759 ---BW, HN, W141201Arabella RichardsSarah HynesJulie GasperÊ
4World Square$284.15NSWArcadia & ISPTJLL02 8275 677716,436$18,635 $12,979 -27.8$10.22Coles4105522Donna KaranfilovskiSuzannah NicholsonBruce Sedgwick
5Queen Victoria Building$274.30NSWVCX / GICVicinity Centres02 9265 680013,908$21,104 $23,686 $664.0031.17$8.80-4159669Shane CarswellClare-Marie MartinezAaron Barnes, Graham Belfield, Farzana Mokhtar
6The Galeries$200.31NSWVCX & GICVicinity Centres02 9265 680015,000$13,408 $20,921 $353.0023.95$8.37-470-Kristy HoareDaniella ManuelAaron Barnes, Graham Belfield, Farzana Mokhtar
7Barangaroo$192.57NSWLLITST, LLOITST, LLMPLendlease02 9277 203417,238$15,505 $19,453 ---DJ679-Scott SullivanJacqui StantonDennis Wong
8The Strand Arcade$136.38NSWVCX & GICVicinity Centres02 9265 68005,961$29,598 $28,058 $270.005.46$24.98-169-Kristy HoareDaniella ManuelAaron Barnes, Graham Belfield, Farzana Mokhtar
9Metcentre$84.87NSWMirvac (50%) & Blackstone (50%)Mirvac Real Estate02 9259 09006,496$14,029 $12,063 $170.0012.26$6.92W-73-Sol MiceliJuliana LovellSusie Rompies
10Greenwood Plaza$83.51NSWMirvac (50%) & Nuveen (50%)Mirvac Real Estate02 9923 07008,942$10,683 $10,508 $238.0017.89$4.67Super IGA293347Keryn WardJuliana LovellSusie Rompies
11Gateway$79.44NSWDexus Wholesale Property FundDexus02 9256 6963Ê5,700$14,090 $15,397 ----330197Melanie ValeSue BallestyCameron Haddad
12Eagle Street Pier$50.75QLDÊDexus Funds MgtDexus07 3156 28077,480$9,520 $9,450 ----67291Kelly FergusonKate PowellNick Xavier
13St. Collins Lane$41.71VictoriaJ.P. MorganJLL03 9650 43559,359$4,456 --5.36$5.75--39-Tammy WatsonKatherine Maliko-
14Galleria, Melbourne$41.41VictoriaDOTADexus0413 860 8606,222$13,260 $9,476 ---Kathmandu133-Lisa FlemingMonica BookerJulie Gasper
15The Strand Melbourne$32.60VICISPTJLL03 9290 02002,396$13,356 $14,043 $103.403.39$9.61-116199Dave BurghamKatrina CheungZelman Ainsworth
16Stockland PiccadillyÊ$30.26NSWStocklandStockland02 9035 22223,001$12,567 $10,073 $39.504.9$6.18-133-Nesko KolasinacCynthia ZabanehDouglas Stewart
17Chifley$28.25NSWCharter Hall & GICCharter Hall02 9229 0165Ê4,833$10,417 $10,055 $104.501.88$14.96-131367Ania AjiriAnia AjiriAnia Ajiri

*Development affected


CBD Guns 2020 ranked by MAT/m2

RankCentre Name :MAT/m2State :Owner :Management Company :TelephoneGLAMATSpecialty MAT/m2Asset value: ($million) :Traffic / year (million) :Average Spend/ Visit ($) :Majors / CinemasMini Majors :Specialties :Carparks :Centre Manager:Marketing Manager :Leasing Manager
1The Strand Arcade $29,598 NSWVCX & GICVicinity Centres02 9265 6800 5,961 $136.38 $28,058 $270.05.46$24.98-169-Kristy HoareDaniella ManuelAaron Barnes, Graham Belfield, Farzana Mokhtar
2Queen Victoria Building $21,104 NSWVCX / GICVicinity Centres02 9265 6800 13,908 $274.30 $23,686 $664.031.17$8.80-4159669Shane CarswellClare-Marie MartinezAaron Barnes, Graham Belfield, Farzana Mokhtar
3World Square $18,635 NSWArcadia & ISPTJLL02 8275 6777 16,436 $284.15 $12,979 -27.8$10.22Coles4105522Donna KaranfilovskiSuzannah NicholsonBruce Sedgwick
4Barangaroo $15,505 NSWLLITST, LLOITST, LLMPLendlease02 9277 2034 17,238 $192.57 $19,453 ---DJ679-Scott SullivanJacqui StantonDennis Wong
5Gateway $14,090 NSWDexus Wholesale Property FundDexus02 9256 6963Ê 5,700 $79.44 $15,397 ----330197Melanie ValeSue BallestyCameron Haddad
6Metcentre $14,029 NSWMirvac (50%) & Blackstone (50%)Mirvac Real Estate02 9259 0900 6,496 $84.87 $12,063 $170.012.26$6.92W-73-Sol MiceliJuliana LovellSusie Rompies
7The Galeries $13,408 NSWVCX & GICVicinity Centres02 9265 6800 15,000 $200.31 $20,921 $353.023.95$8.37-470-Kristy HoareDaniella ManuelAaron Barnes, Graham Belfield, Farzana Mokhtar
8The Strand Melbourne $13,356 VICISPTJLL03 9290 0200 2,396 $32.60 $14,043 $103.43.39$9.61-116199Dave BurghamKatrina CheungZelman Ainsworth
9Galleria, Melbourne $13,260 VictoriaDOTADexus0413 860 860 6,222 $41.41 $9,476 ---Kathmandu133-Lisa FlemingMonica BookerJulie Gasper
10Stockland PiccadillyÊ $12,567 NSWStocklandStockland02 9035 2222 3,001 $30.26 $10,073 $39.54.9$6.18-133-Nesko KolasinacCynthia ZabanehDouglas Stewart
11Greenwood Plaza $10,683 NSWMirvac (50%) & Nuveen (50%)Mirvac Real Estate02 9923 0700 8,942 $83.51 $10,508 $238.017.89$4.67Super IGA293347Keryn WardJuliana LovellSusie Rompies
12Emporium Melbourne $10,596 VICVCX & GICVicinity Centres03 8609 8221 45,301 $413.43 $12,683 $1,465.0 19.83$20.85M7194-Kate RooneyLorenza MaioloZak Gelfand, Rebecca Tibbott
13Chifley $10,417 NSWCharter Hall & GICCharter Hall02 9229 0165Ê 4,833 $28.25 $10,055 $104.51.88$14.96-131367Ania AjiriAnia AjiriAnia Ajiri
14Eagle Street Pier $9,520 QLDDexus Funds MgtDexus07 3156 2807 7,480 $50.75 $9,450 ----67291Kelly FergusonKate PowellNick XavierÊ
15QV Melbourne $9,366 VICDexus Funds Mgt & Victoria Square QVDexus03 9207 9200 48,233 $298.90 $10,759 ---BW, HN, W141201Arabella RichardsSarah HynesJulie Gasper
16QueensPlaza $8,642 QLDVCXVicinity Centres07 3234 3900 39,378 $309.69 $23,296 $795.014$22.12C, DJ157600Pamela WakefordLauren CrawfordAaron Barnes, Graham Belfield
17St. Collins Lane $4,456 VictoriaJ.P. MorganJLL03 9650 4355 9,359 $41.71--5.36$5.75--39-Tammy WatsonKatherine Maliko-

*Development affected


CBD Guns 2020 ranked by Specialty MAT/m2

RankCentre Name :Specialty MAT/m2State :Owner :Management Company :TelephoneGLAMATMAT/m2Asset value: ($million) :Traffic / year (million) :Average Spend/ Visit ($) :Majors / CinemasMini Majors :Specialties :Carparks :Centre Manager:Marketing Manager :Leasing Manager
1The Strand Arcade $28,058 NSWVCX & GICVicinity Centres02 9265 6800 5,961 $136.38 $29,598 $270.05.46$24.98-169-Kristy HoareDaniella ManuelAaron Barnes, Graham Belfield, Farzana Mokhtar
2Queen Victoria Building $23,686 NSWVCX / GICVicinity Centres02 9265 6800 13,908 $274.30 $21,104 $664.031.17$8.80-4159669Shane CarswellClare-Marie MartinezAaron Barnes, Graham Belfield, Farzana Mokhtar
3QueensPlaza $23,296 QLDVCXVicinity Centres07 3234 3900 39,378 $309.69 $8,642 $795.014$22.12C, DJ157600Pamela WakefordLauren CrawfordAaron Barnes, Graham Belfield
4The Galeries $20,921 NSWVCX & GICVicinity Centres02 9265 6800 15,000 $200.31 $13,408 $353.023.95$8.37-470-Kristy HoareDaniella ManuelAaron Barnes, Graham Belfield, Farzana Mokhtar
5Barangaroo $19,453 NSWLLITST, LLOITST, LLMPLendlease02 9277 2034 17,238 $192.57 $15,505 ---DJ679-Scott SullivanJacqui StantonDennis Wong
6Gateway $15,397 NSWDexus Wholesale Property FundDexus02 9256 6963Ê 5,700 $79.44 $14,090 ----330197Melanie ValeSue BallestyCameron Haddad
7The Strand Melbourne $14,043 VICISPTJLL03 9290 0200 2,396 $32.60 $13,356 $103.43.39$9.61-116199Dave BurghamKatrina CheungZelman Ainsworth
8World Square $12,979 NSWArcadia & ISPTJLL02 8275 6777 16,436 $284.15 $18,635 -27.8$10.22Coles4105522Donna KaranfilovskiSuzannah NicholsonBruce Sedgwick
9Emporium Melbourne $12,683 VICVCX & GICVicinity Centres03 8609 8221 45,301 $413.43 $10,596 $1,465.0 19.83$20.85M7194-Kate RooneyLorenza MaioloZak Gelfand, Rebecca Tibbott
10Metcentre $12,063 NSWMirvac (50%) & Blackstone (50%)Mirvac Real Estate02 9259 0900 6,496 $84.87 $14,029 $170.012.26$6.92W-73-Sol MiceliJuliana LovellSusie Rompies
11QV MelbourneÊ $10,759 VICDexus Funds Mgt & Victoria Square QVDexus03 9207 9200 48,233 $298.90 $9,366 ---BW, HN, W141201Arabella RichardsSarah HynesJulie GasperÊ
12Greenwood Plaza $10,508 NSWMirvac (50%) & Nuveen (50%)Mirvac Real Estate02 9923 0700 8,942 $83.51 $10,683 $238.017.89$4.67Super IGA293347Keryn WardJuliana LovellSusie Rompies
13Stockland PiccadillyÊ $10,073 NSWStocklandStockland02 9035 2222 3,001 $30.26 $12,567 $39.54.9$6.18-133-Nesko KolasinacCynthia ZabanehDouglas Stewart
14Chifley $10,055 NSWCharter Hall & GICCharter Hall02 9229 0165Ê 4,833 $28.25 $10,417 $104.51.88$14.96-131367Ania AjiriAnia AjiriAnia Ajiri
15Galleria, Melbourne $9,476 VictoriaDOTADexus0413 860 860 6,222 $41.41 $13,260 ---Kathmandu133-Lisa FlemingMonica BookerJulie Gasper
16Eagle Street Pier $9,450 QLDÊDexus Funds MgtDexus07 3156 2807 7,480 $50.75 $9,520 ----67291Kelly FergusonKate PowellNick XavierÊ
17St. Collins Lane$-VictoriaJ.P. MorganJLL03 9650 4355 9,359 $41.71 $4,456 -5.36$5.75--39-Tammy WatsonKatherine Maliko-

*Development affected


CBD Guns 2020 data (click on any column to sort)

Centre Name :GLAMATMAT/m2Specialty MAT/m2State :Owner :Management Company :TelephoneAsset value: ($million) :Traffic / year (million) :Average Spend/ Visit ($) :Majors / CinemasMini Majors :Specialties :Carparks :Centre Manager:Marketing Manager :Leasing Manager
Barangaroo 17,238 $192.57 $15,505 $19,453 NSWLLITST, LLOITST, LLMPLendlease02 9277 2034---DJ679-Scott SullivanJacqui StantonDennis Wong
Chifley 4,833 $28.25 $10,417 $10,055 NSWCharter Hall & GICCharter Hall02 9229 0165Ê$104.51.88$14.96-131367Ania AjiriAnia AjiriAnia Ajiri
Eagle Street Pier 7,480 $50.75 $9,520 $9,450 QLDÊDexus Funds MgtDexus07 3156 2807----67291Kelly FergusonKate PowellNick XavierÊ
Emporium Melbourne 45,301 $413.43 $10,596 $12,683 VICVCX & GICVicinity Centres03 8609 8221 $1,465.0 19.83$20.85M7194-Kate RooneyLorenza MaioloZak Gelfand, Rebecca Tibbott
Galleria, Melbourne 6,222 $41.41 $13,260 $9,476 VictoriaDOTADexus0413 860 860---Kathmandu133-Lisa FlemingMonica BookerJulie Gasper
Gateway 5,700 $79.44 $14,090 $15,397 NSWDexus Wholesale Property FundDexus02 9256 6963Ê----330197Melanie ValeSue BallestyCameron Haddad
Greenwood Plaza 8,942 $83.51 $10,683 $10,508 NSWMirvac (50%) & Nuveen (50%)Mirvac Real Estate02 9923 0700$238.017.89$4.67Super IGA293347Keryn WardJuliana LovellSusie Rompies
Metcentre 6,496 $84.87 $14,029 $12,063 NSWMirvac (50%) & Blackstone (50%)Mirvac Real Estate02 9259 0900$170.012.26$6.92W-73-Sol MiceliJuliana LovellSusie Rompies
Queen Victoria Building 13,908 $274.30 $21,104 $23,686 NSWVCX / GICVicinity Centres02 9265 6800$664.031.17$8.80-4159669Shane CarswellClare-Marie MartinezAaron Barnes, Graham Belfield, Farzana Mokhtar
QueensPlaza 39,378 $309.69 $8,642 $23,296 QLDVCXVicinity Centres07 3234 3900$795.014$22.12C, DJ157600Pamela WakefordLauren CrawfordAaron Barnes, Graham Belfield
QV MelbourneÊ 48,233 $298.90 $9,366 $10,759 VICDexus Funds Mgt & Victoria Square QVDexus03 9207 9200---BW, HN, W141201Arabella RichardsSarah HynesJulie GasperÊ
St. Collins Lane 9,359 $41.71 $4,456 -VictoriaJ.P. MorganJLL03 9650 4355-5.36$5.75--39-Tammy WatsonKatherine Maliko-
Stockland PiccadillyÊ 3,001 $30.26 $12,567 $10,073 NSWStocklandStockland02 9035 2222$39.54.9$6.18-133-Nesko KolasinacCynthia ZabanehDouglas Stewart
The Galeries 15,000 $200.31 $13,408 $20,921 NSWVCX & GICVicinity Centres02 9265 6800$353.023.95$8.37-470-Kristy HoareDaniella ManuelAaron Barnes, Graham Belfield, Farzana Mokhtar
The Strand Arcade 5,961 $136.38 $29,598 $28,058 NSWVCX & GICVicinity Centres02 9265 6800$270.05.46$24.98-169-Kristy HoareDaniella ManuelAaron Barnes, Graham Belfield, Farzana Mokhtar
The Strand Melbourne 2,396 $32.60 $13,356 $14,043 VICISPTJLL03 9290 0200$103.43.39$9.61-116199Dave BurghamKatrina CheungZelman Ainsworth
World Square 16,436 $284.15 $18,635 $12,979 NSWArcadia & ISPTJLL02 8275 6777-27.8$10.22Coles4105522Donna KaranfilovskiSuzannah NicholsonBruce Sedgwick

*Development affected


 

Tags

About the author

Shopping Centre News

Shopping Centre News (SCN) is in the ‘information business’, and is perceived as such by its readers. Daily industry news makes shoppingcentrenews.com.au a must-visit as part of the morning routine for those who want to keep right across the latest retail developments and events, while SCN's premium magazine is the leading publication for the shopping centre industry in Australia and New Zealand.

Known as the ‘industry bible’ SCN is printed five times a year with fascinating, in-depth features and important critical analysis written by known industry insiders as well as the popular ‘Guns’ reports, which ranks Australian shopping centre performances. Shopping Centre News is the only publication in the world that features centre statistics on Turnover, Turnover per square metre and Specialty Shop turnover per square metre for every major centre in Australia.

Add Comment

Click here to post a comment

Advertisement

Advertisement