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1.Market Observations, 8.Was Sticky

18 Mar 2016 (AFR) – Customers spend $1 billion as big shopping malls meet expectations

(18 March 2016, AFR, p33, by Robert Harley)

‘Australia’s top shopping centres attracted even more of the consumer dollar in 2015, with many of the largest centres increasing their turnover by 5 per cent or more. Once again the top centre was Chadstone in Melbourne, jointly owned by the Gandel Group and Vicinity Centres, which, even with more development work under way, still enjoyed more than $1.4 billion in retail spending, according to the annual Big Guns survey from Shopping Centre News.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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