Westfield Bondi Junction
Encyclopedia
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, a Greater Union
cinema, as well as a flagship Harvey Norman
store.
store, opened in 1933 and continued to be occupied until the recent 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.
The redevelopment took six years for approval to be gained. This was because the shopping centre is 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.
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.
. The centre had the highest sales internationally among the group for the 2005 calendar year.
Bondi Junction, New South Wales
Bondi Junction is an eastern suburb of Sydney, in the state of New South Wales, Australia. Bondi Junction is located 6 kilometres east of the Sydney central business district and is part of the local government area of the Waverley....
in Sydney
Sydney
Sydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia's south-east coast of the Tasman Sea. As of June 2010, the greater metropolitan area had an approximate population of 4.6 million people...
, New South Wales
New South Wales
New South Wales is a state of :Australia, located in the east of the country. It is bordered by Queensland, Victoria and South Australia to the north, south and west respectively. To the east, the state is bordered by the Tasman Sea, which forms part of the Pacific Ocean. New South Wales...
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
.
The six-level complex, notable for its modern structure and retail mix, has several anchor tenants including David Jones
David Jones Limited
David Jones Limited , colloquially known as DJs, is a high-end Australian department store chain.David Jones was founded in 1838 by David Jones, a Welsh immigrant, and is claimed to be the oldest continuously operating department store in the world still trading under its original name. It...
and Myer
Myer
Myer is Australia's largest department store chain, retailing a broad range of merchandise including women's, men's and children's clothing, footwear and accessories; cosmetics and fragrance; homewares; electrical; furniture and bedding; toys; books and stationery; food and confectionery; and...
department stores, Coles
Coles Supermarkets
Coles Supermarkets is an Australian supermarket chain owned by Wesfarmers. It has 741 stores nationally Coles Supermarkets is an Australian supermarket chain owned by Wesfarmers. It has 741 stores nationally Coles Supermarkets is an Australian supermarket chain owned by Wesfarmers. It has 741...
and Woolworths supermarkets, a Greater Union
Greater Union
Greater Union, Birch Carroll and Coyle, Event Cinemas, Skycity Cinemas and Damodar Village Cinemas together form a chain of cinema multiplexes across Australia, New Zealand and Fiji...
cinema, as well as a flagship Harvey Norman
Harvey Norman
Harvey Norman is a large Australian-based retailer of electrical, computer, furniture, entertainment and bedding goods. It is effectively a franchise and the main brand owned by Harvey Norman Holdings Limited...
store.
History
Westfield Bondi Junction is built on land that was originally occupied by three separate retail establishments. The oldest of these was a Grace Bros.Grace Bros.
Grace Bros was an Australian department store chain, founded in 1885. It was bought by Myer in 1983. There were 25 stores across New South Wales and the ACT, until they were re-branded under the Myer name in 2004.-History:...
store, opened in 1933 and continued to be occupied until the recent 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
AMP Limited
AMP Limited is an Australian financial corporation. It operates primarily in Australia and New Zealand. AMP formed in 1849 as the Australian Mutual Provident Society, a non-profit life insurance company. In 1998 it was demutualised and listed on the Australian and New Zealand stock exchanges...
and renamed it Westfield Bondi Junction Plaza. In 2000, Westfield purchased the Carousel Centre and the remaining stake in Bondi Junction Plaza.
The redevelopment took six years for approval to be gained. This was because the shopping centre is located on the border of Waverley
Waverley Municipal Council
Waverley Municipal Council is a Local Government Area in the Eastern Suburbs of Sydney, in the state of New South Wales, Australia.- History :...
and Woollahra
Municipality of Woollahra
The Municipality of Woollahra is a Local Government Area in the Eastern Suburbs of Sydney, in the state of New South Wales, Australia. The administrative centre of the Municipality of Woollahra is located on New South Head Road at Double Bay....
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
New South Wales Department of Planning
The New South Wales Department of Planning and Infrastructure, a department of the New South Wales Government, is responsibile for the long-term planning for the regions of New South Wales and driving well-located housing and employment land...
, Frank Sartor
Frank Sartor
Francesco Ernest 'Frank' Sartor JP a former Australian politician, was New South Wales Minister for Climate Change and the Environment and Minister Assisting the Minister for Health between 2009 and 2011. He was a Member of the New South Wales Legislative Assembly representing Rockdale for the...
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.
Westfield Bondi Junction has been blamed for the downturn in trade in surrounding shopping hubs. The nearby Oxford Street
Oxford Street, Sydney
Oxford Street is a major thoroughfare in Sydney, Australia running from Whitlam Square on the south-east corner of Hyde Park in the central business district of Sydney to Bondi Junction in the Eastern Suburbs. Close to the CBD in particular, the street is lined with numerous shops, bars and...
, in Paddington
Paddington, New South Wales
Paddington is an inner-city, eastern suburb of Sydney, in the state of New South Wales, Australia. Paddington is located 3 kilometres east of the Sydney central business district and lies across the local government areas of the City of Sydney and the Municipality of Woollahra...
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
Double Bay, New South Wales
Double Bay is a harbourside eastern suburb of Sydney, in the state of New South Wales, Australia. Double Bay is located 4 kilometres east of the Sydney central business district and is the administrative centre of the local government area of the Municipality of Woollahra.Double Bay takes its name...
and Woollahra
Woollahra, New South Wales
Woollahra is a suburb in the Eastern Suburbs of Sydney, in the state of New South Wales, Australia. Woollahra is located 5 kilometres east of the Sydney central business district, in the local government area of the Municipality of Woollahra. The Municipality of Woollahra takes its name from the...
experiencing similar downturn in trade.
Statistics
Westfield Bondi Junction is statistically notable among the international portfolio of the Westfield GroupThe Westfield Group
The Westfield Group is an Australian shopping centre group undertaking ownership, development, design, construction, funds/asset management, property management, leasing and marketing activities...
. The centre had the highest sales internationally among the group for the 2005 calendar year.
- Number of Shops: 445 shops (3rd)
- Area: 104,000m²
- Sales: AUD $754 million (1st)
- Book Value: AUD $1,502 million (1st)
- Value per Area: AUD $11,517.45m² (2nd)