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
EXPRESSION OF INTEREST IN THE SUPPLY OF MEREENIE GAS
IPL - FY24 Annual Results
CEN - Contact to revisit Wairākei development options
May 17th Morning Report
PaySauce to announce full year results on 22 May 2024
BGP - Results of Briscoe Group Limited Annual Shareholder Meeting
Judith Swales to leave Fonterra
Fonterra announces step-change in strategic direction
USX Trading Results 15th May
Devon Funds Morning Note - 15 May 2024