Inside Retail Weekly

2091 Inside Retail Weekly

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I N S I D E T H I S I S S U E : Pacific Fair revamp nears completion BY DIMITRI SOTIROPOULOS RRP $14.95 continued on p.16. AMP Capital's $670 million redevelopment of Pacific Fair Shopping Centre on the Gold Coast has entered its final stages of completion. First-to-market designs and new store concepts underpin the ambitious vision, repositioning arguably one of Australia's most nostalgic retail locations. Pacific Fair was built in 1977 for $17 million and was home to 96 specialty stores. Last Thursday's blockbuster openings of international mini-majors H&M and Uniqlo, with stores set over two levels, represented the culmination of significant investment by AMP Capital which commenced construction in early January 2014. The final touches are being administered and a completion date is mooted for July this year; with certain store fit outs awaiting pieces from overseas. "From a brand position we are certainly competitive if not unique in what we're delivering," Brett Clarke, centre general manager of Pacific Fair, told media last week. "There are very few that can be named who have the calibre, as well as the breadth of the general brands as well." Sophisticated playground AMP's place setting team had their work cut out to accommodate all of the major retailers, discount department stores and 420 specialty stores that are housed in the redevelopment. The design adheres to the existing infrastructure and big names Woolworths, Coles, Kmart, Big W and David Jones are spaced apart to facilitate customer engagement around the entire centre. Just don't forget your walking shoes. Upon completion, the centre will have increased its INSIDE RETAIL WEEKLY FROM THE SOURCE: Stephen Roche Meet the top man at the helm of API, owner of Priceline and Soul Pattinson. p12 PROPERTY: New large format landlord Five large format retail centres snapped up by private investor. p18 NEWS: Mega store opens at Sydney Airport Heinemann Australia launches giant duty free store. p02 NEWS: Jurlique's new store concept Skincare brand looks to the cloud with new design. p04 OPINION: Cautious budget Coalition still spooked by Joe Hockey's 2014 budget. p06 FEATURE: Pacific Fair revamp Inside the redeveloped Pac Fair 'playground.' p16 Inside news and views on the world of retail since 1972 MAY 11 2016 F O R M O R E R E T A I L N E W S , V I S I T W W W . I N S I D E R E T A I L . C O M . A U I S S U E 2 0 9 1

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