Westfield Sydney announces opening

20 Aug

Westfield will open the first stage of the $1.2 billion Westfield Sydney development in late October. 

More than 100 fashion and food specialty stores will open for trade by Christmas, at what will be a world class retail and commercial precinct. A second stage opening is scheduled for the second quarter of 2011, with the centre due for completion in 2012 with the construction of a 27-storey office tower that will be home to JP Morgan’s Australian headquarters.

The development is located at Pitt St Mall, Castlereagh and Market Sts, and connects to the highest grossing department stores in Australia – David Jones and Myer. On completion in 2012 the new development will comprise more than 250 fashion, food and lifestyle stores across 40,000sqm and seven levels. It will be complemented by Sydney Central Plaza’s 80 stores over 53,000sqm.

Westfield Sydney will offer shoppers a series of distinct precincts, including luxury, urban, Australian and international designers, and Australian high street shopping.

Westfield Group MD Australia and New Zealand Robert Jordan said Westfield Sydney will become the benchmark for downtown shopping malls in Australia.

“We’re developing a global centre that will offer the very best in retail, design, and services and we believe the centre will position Sydney as an international shopping destination,” Jordan said.

Stores to open in stage one in October include Gucci, Hugo Boss and Stuart Weitzman, new-to-market brands GAP, Mulberry, and DKNY Jeans, together with Australian retailers including Cue, Sportsgirl, Wanted Shoes, Zimmerman and Carla Zampatti. Westfield Sydney will also launch 100 Squared, a fashion incubator concept allowing clusters of young designers to have a pop-up retail space on level one.

Openings in 2011 will see the unveiling of further high street and designer stores including Prada, Miu Miu and the recently announced Zara, opening its first store in Australia. The full food offering includes fine dining restaurants on level six, a high-end restaurant-style food precinct, and due for completion in 2012, an outdoor bar.

Westfield has engaged internationally renowned Tokyo-based interior design company Wonderwall for the Westfield Sydney development. Previous Wonderwall projects include the Collette store in Paris and Uniqlo stores worldwide. The external building’s design and commercial tower has been undertaken by Melbourne firm John Wardle Architects, following an international design competition.

The completed precinct encompasses six elements totaling 171,000sqm of gross lettable area that together will create a world-class retail, tourism and office location in the heart of Sydney’s CBD, expected to be valued at approximately $3 billion.

by Inside Retailing Online on August 18, 2010

Source- http://www.insideretailing.com.au/Latest/tabid/53/ID/8894/Westfield-Sydney-announces-opening.aspx


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