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4 / Carindale Property Trust

Annual Report 2015

WESTFIELD CARINDALE

A long-established fixture in Brisbane’s retail

landscape, Westfield Carindale has enjoyed a

genuine reinvention in recent years following

the redevelopment that was completed in 2012.

It remains one of Brisbane’s premier retail

destinations and has performed solidly in the past

12 months, generating $913 million in retail sales,

marginally down on the previous year as a result of

increased competition in the trade area.

The centre has two department stores, two

discount department stores, three supermarkets,

an 8–screen cinema complex and more than 400

specialty retailers, and is one of Australia’s best

five performing shopping centres based on retail

sales.

The Glasshouse dining precinct has welcomed

two new food operators that have broadened the

quick-service dining offer and complemented the

existing mix of eating options.

Westfield Carindale’s fashion offer is one of the

best in Brisbane’s suburbs, with new arrival Sass &

Bide, joining a selection of some of Australia’s top

fashion brands.

Large format retailers include Japanese discount

novelty store Daiso and apparel and homewares

retailer Harris Scarfe.

As one of Brisbane’s biggest lifestyle destination,

Westfield Carindale’s broad based offer of retail,

entertainment and leisure also includes a modern

public library, a gym, a child-minding centre and

outdoor play area.

The centre’s design is ideally suited to Brisbane’s

temperate climate and capitalises on the available

natural lighting and heating allowing for significant

minimisation of energy usage.