2020
LITTLE GUNS
MAT Moving Annual Turnover Total retail sales (August 1, 2019 to July 31, 2020) including GST. Excludes sales from casual tenants, ATMs, financial institutions, gaming venues, TAB and soft gambling.
MAT/m2 Total retail sales (August 1, 2019 to July 31, 2020) of the centre including GST divided by the retail area from which the retail sales were derived. Sales from casual tenants, financial institutions, soft gambling and cinemas excluded.
Specialty MAT/m2 Total retail sales (August 1, 2019 to July 31, 2020) including GST, for all trade-reporting tenants with a GLA below 400m2, divided by the retail area from which the retail sales were derived. Excludes sales from cinemas, entertainment venues, ATMs, financial institutions, health insurance, TAB/soft gambling, gaming venues, travel agencies, amusements (rides), professional services and suites, offices, casual mall tenants and storage tenants. (In accordance with SCCA definitions).
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annual feature
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elmont Forum retains its Number 1 place on the MAT (Moving Annual Turnover) ladder with a creditable $386 million, a small improvement on last year which, in these times, shows the strength of the centre. These are turbulent times and of course, the COVID factor has hit some centres, while others have shown gains. The figures this year are reporting from August 1, 2019 to July 31, 2020 so they take in some five months of COVID affected period. Park Beach Plaza had a significant improvement – up some 8% on last year – to take second place with $316 million. There were three new entries into the MAT Top 10 table this year: Perron Group’s JLL managed, The Square Mirrabooka in Perth, came in at Number 8 with a 5.7% rise, reflecting WA’s resistance to the COVID factor; Charter Hall’s Bateau Bay Square took 9th spot and Vicinity’s Eastlands came in at Number 10.
There are 84 Little Gun centres ranked this year. If we treat MAT rises and falls of less than 1% as ‘static’, we see 34 centres showed a drop in MAT, 23 were up and 27 remained the same. In a pandemic year, a very creditable result showing the resilience of these centres. On the MAT/m2 table, Mir vac’s East Village retained its Number 1 ranking even after dropping by 4.6% on last year, with $14,748 – still well ahead of second placegetter Marrickville Metro (UniSuper and AMP Capital) at $12,538. The turbulent year saw four new entries into the Top 10: Vicinity’s Karratha City; AMP’s Casula Mall; SPH REIT’s Figtree Grove and Charter Hall’s Rockdale Plaza. In terms of Specialty MAT/m2, last year’s Number 1 and 2 switched places with Vicinity’s Mount Pleasant Centre (QLD) taking the honours with $14,262, just pipping Winston Hills Mall's $14,188. Stockland Bundaberg entered the Top 10 in 9th spot and Q Super Centre (also in QLD) was a new entr y taking out the 10th spot in the table. Analysis of figures this year has no validity. Early in the year, COVID struck and we were altogether in an unknown place. Some Little Gun centres suffered, while others did well out of the ‘convenience’ and ‘local’ factors. The real per formance tests are yet to come and will do so when some sort of normalcy, even if it emerges as a ‘new normal’, emerges. SCN COPYRIGHT©
2020 SHOPPING CENTRE NEWS – ALL RIGHTS RESERVED
16/11/20 10:12 am
