By Campbell McIlroy
|
Friday 14th April 2000 |
Text too small? |
The WestCity Shopping Centre was launched to retailers with much fanfare and a loud pyrotechnic bang on Tuesday night.
The $80 million extension to WestCity Shopping Centre will take its total floor space to 28,400sq m from 17,000sq m, behind only St Lukes and Manukau Shopping Centres.
Work began two weeks ago on the centre which, in a first for New Zealand, will include eight cinemas with seating for up to 1800 people.
Including cinemas in shopping centres has a proven track record overseas for increasing turnover and making malls more of an entertainment and shopping destination. It is a step some analysts have said is necessary to combat the growth in online shopping. St Lukes Group chief executive officer David Kennedy said anecdotal evidence from Australia had indicated a 3%-5% increase in turnover was achievable.
No comments yet
RYM - Ryman Healthcare appoints new independent director
ikeGPS 4Q FY26 and Full Year FY26 Performance Update
HGH - Heartland trading update
CVT - Comvita Rights Offer Opens
GNE - FY26 Q3 Performance Report and Updated Guidance
April 23rd Morning Report
Devon Funds Morning Note - 22 April 2026
AGL - Accordant Group Limited announces opening of Rights Offer
April 22nd Morning Report
BPG - Q4 FY26 Update: ARR reaches $26.8m