Shopping centres | OzSeeker

Wintergarden Shopping Centre – photo Wikimedia Commons

Retail fails for Australian mall despite major upgrade

23rd January 202023rd January 2020 OzSeeker

Wintergarden Shopping Centre turns into ‘wasteland’ despite $100m upgrade A shopping centre in Brisbane, Australia has turned into a ‘wasteland’ after seeing the centre recieve a $100m upgrade to try and attract high-end customers to shop there. Wintergarden Shopping Centre has numerous empty retail spaces, proving that even 24,000 LED lights were not enough to reinvigorate the complex. ‘They are good at food and have high foot traffic in the mornings and in the afternoons and I think that’s what they should leverage because they are never going to win the…

Ikea buys West London shopping mall

12th January 202014th January 2020 OzSeeker

Ikea group’s shopping centre arm Ingka Centres has purchased Kings Mall shopping centre in London’s Hammersmith, as part of a £170m investment into the area. Kings Mall opened in 1980 and has 40 stores including H&M, Primark, Sainsbury’s and Wilko. Ingka Centres owns 44 malls in 14 markets around the world, including Russia and China, all of which are anchored by an Ikea store. However, it has built these itself, rather than buying existing centres. The Swedish retail giant aims to transform traditional shopping centres into “convenient city meeting places” to reinvigorate the high…

Lootah retail hub, Dubai Investment Park

UAE developer unveils retail lifestyle project near Dubai Investment Park

9th January 20209th January 2020 OzSeeker

Two-storied retail hub to home shops and dining spaces covering an area of 1,400m2 The retail hub will be located within DIP UAE-based real estate developer Lootah Real Estate Development (Lootah) has unveiled its retail lifestyle project located near its 86-building family development Ewan Residences in Dubai Investment Park (DIP). Once developed the two-storied retail hub will be home to shops and dining spaces covering an area of 1,400m2. The area will also include food trucks that will be located opposite to the retail development. Speaking about the project, chief…