Archive | Westfield Sydney RSS feed for this section

Sydney rebranded…

27 Jun

Sydney’s landmark tower has been rebranded. The iconic Sydney Tower has been labelled with not one but two Westfield signs measuring 20m long and six metres high.

The giant logos were winched into place by two helicopters Sunday morning during an orchestrated operation that was several months in planning.

The Westfield sign marks the recently re-opened iconic Westfield Sydney shopping centre which lies beneath.

 

While AMP managed the Centrepoint shopping centre, the tower was officially referred to as “AMP Tower”. After Westfield Group took over ownership of Centrepoint in December 2001, the tower reverted to its original name of Sydney Tower.

Construction of the office building commenced in 1970, and tower construction began in 1975. Public access to the tower, at the time the fourth tallest building in the world, began in September 1981. The total cost of construction was A$ 36 million.

Prior to construction of the tower, the height limit in Sydney had been set at 279 m, to allow for safe overflights by flying boats, an aircraft type that had been obsolescent for almost two decades.

There are three main sections of the tower open to public access. One is the observation deck at 250 metres above ground level with a fully-enclosed viewing platform featuring 360 degree views of the city and surrounds. This floor also features a small gift shop, a readout displaying data on the conditions of the tower (wind speed, direction and sway amplitude). The Sydney Tower Skywalk platform at 268 metres above ground level has an open-air viewing platform only accessible as part of planned and booked tours.

There are also revolving restaurants, one à la carte and one buffet. The buffet restaurant was recently (2006) renovated. It seats 220 people, and serves 185,000 customers annually, of which 50,000 are international visitors, mostly from Asia.

Links
http://travel.msn.co.nz/glance/174368/sydney-tower-sign-changeover.glance
http://www.sydneyarchitecture.com/cbd/cbd4-042.htm

The Big Guns of Sydney Retail

1 May

Shelley Gare

Frock shopping is a spectator sport. When Nicole and Simone Zimmermann decided to move into their shiny premises in the spanking new Westfield Sydney, they took a deep breath and splashed out on a massive cafe-au-lait coloured leather sofa, imported from Italy. There wasn’t much change from $30,000.

So far the sofa has cushioned many bottoms. Boyfriends are keen on it. One Saturday afternoon, I watch four blondes sprawl over its comforting contours while they scrutinise a fifth young woman as she tries on a pale-pink strapless gown, twirling for their approval.

The sofa would never have fitted into the Zimmermanns’ former city store in the historic Strand Arcade with its beautiful little rooms and Victorian dimensions. “It was always our plan to have a single location that was everything,- says Simone, -and the Westfield store has been tracking amazingly well. It’s doing much, much better than we imagined.”

Shopping is also a blood sport. The arrival of Westfield in the city has amped up the competition as effectively as Angelina Jolie arriving in a strapless gown at a P&C cocktail party. There is glamour, polish and the larger-than- life whoosh of a superstar, all backed up by a business machine that is targeting Sydney attention spans and wallets with the focus of a diva eyeing off an Oscar.

After two years of construction chaos, relocation and traffic snafus, Westfield Sydney opened last October with 130 shops and by the end of July, about 200 (including Miu Miu, Zegna and Prada) will be trading. The much awaited Spanish brand Zara has just opened.

Burberry, 343 George Street

Meanwhile, the luxury brands are putting on a show, too. Burberry has moved into a palazzo-style former bank building at 343 George Street where it now has three times the floor space of its former premises on King Street. Louis Vuitton’s new flagship store, on the corner of King and George, is scheduled to open in November. It. too, will triple its size. Dior will open in Vuitton’s old premises on Castlereagh in mid-2012 and Prada is moving from Martin Place to Westfield.

Louis Vuitton has submitted its plans for 365 George Street (the old Blacket Hotel on the corner of King Street) with the City of Sydney. Estimated to cost $9.5 million, the new Louis Vuitton store will be spread across three floors and house the company’s complete collection. It will also feature artworks, lounge areas, a travel room, V.I.P room and a balcony.

For years, central Sydney has been drab, deserted at night and only spotted with people on weekends as customers shopped at suburban malls instead. David Jones and Myer have done their best with revamps over the years, the Queen Victoria Building got a luxury $48-million refurbishment in 2009 and other arcades like the Strand, The Galeries and, more recently, the newly upgraded MidCity were pockets of shopping civilisation in the midst of stretches of desolate dinginess broken up by street buskers and, as one exasperated Sydneysider puts it, “about 35,000 convenience stores where a loaf of bread costs three times what it should”.

New MidCity Centre on Pitt Street Mall, opposite Westfield’s.

Ten years ago, Westfield started acquiring property, eventually buying Sydney Tower (Centrepoint), Skygarden, the Imperial Arcade and Sydney Central Plaza (although it could never get 182 Pitt Street and had to build its mall facade around the lone rebel). More than a billion dollars have gone into the resulting Westfield Sydney and retailers, even those in rival arcades, are saying – with visible relief, given how bleak retail spending figures are – that now, with each month, they are seeing more people coming back to the city.

Says Mark Browne, Christian Dior general manager for Oceania and Micronesia: “Westfield will rejuvenate and renew interest in the city.” But are the new visitors buying? And once they’ve had their gawk, are they coming back? If they do, who is going to lose out?

When Westfield opened its megacentre in Bondi Junction in 2004, it vacuumed up shoppers from all over the eastern suburbs, leaving Paddington and Double Bay reeling. And that was before the global financial crisis and our worries about debt, interest rates and  rising living costs. Not to mention that, if we choose to spend, we can now be seduced by online retailing, ranging from the likes of net-a-porter.com to promises of cheaper deals. In the city alone, there’s now 40,000 square metres of Westfield retail space, along with the QVB, Strand, MidCity, Myer and David Jones, to say nothing of George Street. King, Pitt, Castlereagh and all the shopping crannies in between, competing for whatever Sydneysiders are prepared to surrender from their tightly held wallets. As the Americans say, you do the math.

“Retailers around the area are doing it tough because of the economic climate,” says one insider. “In hard times, retail is always the first to suffer.” But anyone who works in fashion and retail knows the importance of putting on the best show. Robert Jordan, Westfield managing director for Australia and New Zealand, says that while there has been no qualitative research done yet on shopping numbers at Westfield Sydney, -anecdotally, centre management is saying that they’re getting a lot of people coming in from the outer suburbs. And we’re getting a lot more tourist traffic, so that’s quite pleasing.” 

“My hope is that Sydney’s CBD retail precinct becomes a world-class shopping destination on a par with the world’s best such as Oxford Street, London, Rodeo Drive in LA … “ Paul Zahra. CEO David Jones 

According to David Jones CEO Paul Zahra, Sydney “used to be a ghost town on weekends; now families are coming through. We’re not concerned about Zara opening; it all brings fool traffic. We have five direct access points through bridges and tunnels to the Westfield centre and this has definitely resulted in more people entering our stores.” Myer spokeswoman Jo Lynch agrees on the effect.

So does every other city retailer I interview. It seems confounding after what happened with Westfield Bondi Junction. Even now, seven years later, the word “Westfield” makes Double Bay people defensive. In one website, a proud – if anonymous – cafe habitue reflects on bad things to do with a big cake if they ever run into Westfield boss Frank Lowy. Today, while Double Bay and Paddington are getting to their feet again, there is still, according to the latest MarketView report from real estate corporation CB Richard Ellis (CBRE), a 10 per cent vacancy rate in both strips. But explains one sales assistant from the Strand Arcade, there’s a crucial difference. “Westfield in Bondi Junction is like a cocoon. It’s an enclave and you don’t want to come out. You can spend all day there. The city is different.”

The super-prime real estate for retail in Sydney’s CBD is Pitt Street Mall, which CBRE’s last global retail rents report says is the second-most-expensive street in the world after Fifth Avenue in New York. A 2010 report from global real estate company Cushman & Wakefield places the mall ninth in the top 10, behind Fifth Avenue, London’s New Bond Street and Paris’s Champs-Elysees. That’s still illustrious company for a stretch that features a chemist, lunching office workers and the occasional busking clown.  “Maybe the reason rents are so expensive is that Fifth Avenue’s shopping area is 11 blocks and Pitt Street Mall is just one,” says CBRE’s Joshua Loudoun, regional director for the Pacific.

“In Brisbane, the Queen Street Mall is three to four times as long and Melbourne’s Bourke Street Mall is double the length, plus Melbourne has Little Collins Street and Flinders Lane and all the laneways.” Loudoun argues that the mall section of Pill Street should be extended to Martin Place – “and that would certainly help Martin Place”. It might also help Sydney achieve its aim – expressed by Robert Jordan and Lord Mayor Clover Moore – of becoming an international shopping destination.

It’s still not even a Sydney shopping destination for some. When a friend’s wife dropped him at his city workplace recently, he asked if she was going to do any shopping. “No,” she replied. I can visit these shops back in Chatswood.

It’s true that with the opening of Zara and Miu Miu, those stores will be exclusive in NSW to Westfield Sydney but will it be enough? If I can duck in and out of Willow, Zimmermann, Scanlan & Theodore, Marnie Skillings and Morrison at The Intersection, the shopping precinct pioneered by businessman Theo Onisforou at the junction of Glenmore Road and Oxford Street in Paddington, do I want to do the trek and see the same shops and labels in the city department stores and arcades? “And go up three escalators and do two left turns,” mutters Onisforou.

“The danger for Sydney,” according to one retail expert, -is that it’s going to become the first homogenised city in the world. The rents are so high that the only people who can afford them are the corporates. Nobody wants to admit it, though .” Many criticise Sydney for not offering the variety that is seen in Melbourne’s CBD, where a city council drive over more than 20 years has resulted in tiny, unique businesses thriving near the big name stores in lanes and small streets. A few years ago, the, City of Sydney council started a laneways project, too, but unlike Melbourne with its 259 laneways and neat grid, Sydney only has 55 laneways, many unusable.

The council is now promoting The Fine Grain – a project that aims, by offering grants and capitalising on under-used city spaces, to give the city a mix of “unique and interesting businesses-, from small bars and cafes to galleries and spaces for new entrants into retail. So far, 40 small bars and 20 new laneway businesses, on top of an existing 30, have started since August 2008.

One such bar, Grasshopper in Temperance Lane off George Street, was named best small bar in last year’s Australian Bar Awards. Just opened is the Shirt Bar in Sussex Lane, where men can buy a shirt and anyone can have a glass of champagne. “You have to start somewhere,” says council business adviser Richard Roberts, who is working on the project with consultant architect Craig Allchin of Six Degrees Architects.

There’s a point where all this reaches a critical mass.  Westfield knows exactly how important mix is. Inevitably, deals are worked out according to desirability of tenant, size of shop and how much foot traffic they will generate. Retailers who are signed up first or last tend to get the best deals,” claims one retailer, adding a little glumly, “We were in the middle.” Western Australian label Morrison has not previously opened in Westfield. Richard Poulson – recently valued with his wife and fellow owner Kylie Radford by SRW at $42 million – says Westfield enticed them with a combination of rent reduction and cash incentives (such as assistance with fit-out) .

The lunch-time queue outside Zara’s.

Zara‘s fit-out has been almost entirely paid for by Westfield, claims one in the know. On the other hand, the retailer will also pay a lot of rent for its three floors and 1800 square metres. (Robert Jordan can’t discuss individual deals but simply says: ‘We did a very commercial deal with Zara; good for both of us.”)

Once in, Westfield tenants – as in other shopping centres – must report monthly turn over, something many don’t like doing. Occasionally it can affect rents but the real problem is that if a tenant’s turnover is low, or not up to par, Westfield will be concerned that maybe they shouldn’t be in the complex at all. Milton Cockburn, executive director of the Shopping Centre Council of Australia, estimates it usually takes a shopping centre two to three years to get the tenancies exactly right “and Westfield is very good at making their centres work. The pressure to get it right – on both Westfield and tenants – must be immense. In an effort to keep people in the city at night 

and moving into the restaurants and bars that will soon fill the fifth and sixth levels, the tenants have long hours. They must stay open until 6.30pm, 9pm on Thursdays and 6pm on Sundays. They have to open at 9am on Sunday, too, even though the designer shops on level four say they often don’t spot customers until 11 am or even 11.30. When I hear one retail manager is trying to organise a petition so the designer shops can keep shorter, boutique-style hours, I can’t help flinching on his behalf. Later, I learn that the petition idea lasted all of a week before getting the kibosh from Westfield.

“The next question is, what’s going to happen when Barangaroo opens? Westpac, American Express and Macquarie have already moved up to the north-west area of the CBD. Office workers will be a long way from Pitt Street Mall.” Joshua Loudoun. Pacific regional director. CB Richard Ellis. 

There are other grumbles, too: that while Westfield has profited from opening in stages, the first-stage shops have suffered because the centre feels unfinished. In certain stretches, it has been possible to see the same assistants brightly rearranging the hangers, day after day.

One manager complains of jackhammering at 11.30am on a Saturday. Others report customers staggering in, as confused as trapped birds, as they try to find a particular store or exit. (Westfield is notorious for creating centres where it’s easy to get in but tricky to depart.) A rival developer hates the low ceilings. “It’s like a passageway to a railway station,” he claims. “They were being greedy, trying to get in more levels.” But most are applauding Westfield for its investment and for providing a city hub. “Sydney was overdue to have a first-class shopping development,” says Louis Vuitton’s Oceania head, Phililip Corne, approvingly.

Another initiative that is getting ticks is Westfield’s offer to help young, upcoming designers with an open-plan space on the lower ground floor called 100 Squared that apes the grungy style Paddington or Balmain markets – perhaps too much so, given the sparkle of the floors above. Robert Jordan insists he’s very pleased with the floor and says a couple of designers are doing so well, they’re asking about store space. Can they afford it? “There’s a different range of shops you can get” says Jordan. “It’s actually shown them – and shown us – that there are all those young designers who can do the trade and can go into full shops.” For all the gung-ho cheer, times are tough for Australian retail. Frugal is the new black, claimed Margie Osmond of the Australian National Retailers Association back in late January.

In March, after a profit warning, Myer CEO Bernie Brookes announced a five per cent drop in profits for the first half of the financial year. A week laler, David Jones’s Paul Zahra reported a five per cent rise but he was still subdued. Like Brookes, he blamed natural disasters, adverse weather, higher utility prices and unnerved consumers. Ten years ago, we were so uninterested in putting aside some money for a rainy day, we had “negative saving”, as The Sydney Morning Herald’s economics editor, Ross Gittins, has put it. Now Australians are saving about eight to 10 per cent of their income.  Sixty-live per cent are paying their credit card in full each month, says Gittins. 

Oddly, says senior retail analyst Craig Woolford of Citi Investment Research, the women’s clothing market has been softer than the men’s. “That’s unusual because men are more functional and will just stop their spending whereas women will be attracted by what’s on offer. He blames fashion direction, saying: “It hasn’t been clear enough, so women can get away with items from last year.” Others, like Zahra, dispute that but in any case, Woolford is predicting retail spending to improve to six per cent growth later in 2011. We think that households have reached their savings level.

In spite of the steadily growing city crowds though, I’m not spying many shiny shopping bags. Says a manager of one Westfield store: -We might be seeing more people but not many of them are flashing their cards.” Cruelly, our straitened times are playing out like Russian roulette. -One clay we’ll have a really great day and then the next day, it’s … oh!” says Sam Wagner of Sambag, who has moved into Westfield and will leave her shop in the Strand Arcade when the lease runs out.

“Employment is up but people seem to be all over the place with their spending.” Luxury brands are reporting growth but anecdotal evidence is that it’s the mid-level brands like Country Road that are doing it hard. Retailers Colorado – Diana Ferrari, JAG – has just gone bust.

And while Ipoh, which owns QVB, Strand Arcade and The Galeries, says it has 100 per cent occupancy rate and is confident its arcades are targeting different markets from Westfield, over half of King Street is available for sublease or will be in the next year”, says Loudoun. 

Confusing everything are the constant sales. In a Review store in Westfield, I find a gathered ’50s-style skirt in a heavy cotton. It’s pretty but it’s $229.95. A lew days later, I spot the skirt marked down 30 per cent in a store promotion. I almost buy it but can’t decide between two sizes. A week after that, it’s back to $229.95, Except it isn’t. A discount gives customers $50 off any purchase over $150. In a fortnight, the skirt’s price has been $229.95, $160.97 and $179.95. How much is it really worth?

Sydneysiders now wait for sales. In good times, says Zahra, “we see the same trend of people buying for fashionability rather than price. But in shakier times, it’s catch-22. People don’t buy; the stores are forced to have sales; people buy but the decision to wait for a sale is reinforced. It’s heartbreaking , says Clare Press of Mrs Press in Paddington, which offers a select range of womenswear. “You make something beautiful and then stores near you are’ putting everything on sale … Then it’s panic mode:  We also travel more – and go online more. “Why should Australian consumers pay $400 for a pair of Nudie Jeans when they can get them for $180 overseas?” storms “Bleeding Heart on the website powerretail.com.au.

I can’t resist checking to see what I might have paid for a silk and cashmere sweater if I’d bought it online from an overseas retailer. Gulp. Apparently, $100 less than I paid for Little Joe’s version in Westfield Sydney. On the other hand, I only bought the sweater on impulse because it felt so soft and I could try it on, surrounded by helpful assistants. Maintains Zahra: – Retail remains a tactile, sensory and social experience.

Dior’s Mark Browne muses on a recent experience in the glassy Apple shop on George Street. – I was there on a weekend and it was full of people. I was told by a staffer it was the third-largest Apple store in the world and there were plenty of passionate sales and support staff assisting customers. It was such a pleasure to be in that environment.” No one is disputing that the city is busier, at least with window-shoppers, since Westfield opened and retailers know they have one thing over online: real life.

Publisher Victoria Maxey, whose Urban Walkabout shopping guides map Sydney’s key retail areas, argues: “We’ve now got the first digital generation that breathes technology … it’s so easy to find standard products. They want something different. unique, personal. Real life experiences are rare to them.” Westfield, with its $1.2-billion investment and watchful shareholders, must be hoping fervently that’s so. It’s not the only one.

Source- Shelley Gare, SMH, May 2011.

Westfield's 85 Castlereagh emerges from the cocoon

16 Mar

The iconic 85 Castlereagh Street building by Westfields and John Wardle Architects of Melbourne is slowly emerging, chrysalis-like, on to the Sydney skyline.


Much anticipated by its designers, and its new principal tenant JPMorgan, this glassy turd is proving difficult to see. Pertinently, design renderings by the architects always showed this Jetsonesque tower viewed from the air. There are few points on the ground to study its drama.


The 6 Greenstar tower was briefly put on hold during the GFC. It shares with the retail below a blackwater plant (basement) and a cogeneration facility (using gas to generate electricity, utilising the waste heat to power the chillers- somewhat technical!) housed on the roof of the ASIC-occupied 100 Market Street next door.


The Lowys (owners of Westfield’s) intend to occupy the top few floors and place their workers in the fifficult=to-rent lower floors of 100 Market Street (to “live above the shop”, so to say). The old Westfield tower on William Street will be presumably vacated.

Westfield Sydney is Open- Sydney's CBD puts on the glitz

28 Oct

Paul Tatnell  October 28, 2010
It cost $1.2 billion to build, caused traffic chaos and only half of the shops are trading, but Westfield opened its glitzy new superstore in Sydney’s CBD today.

The Pitt Street complex is still being finished, but more than 100 shoppers were lining up this morning to get a first look.

Before long, thousands more walked through the doors.

The seven-storey complex includes a number of high-end fashion and dining options.

Clover Moore (in wheelchair!!) and Steven Lowy at the ribbon cutting ceremony. Clover made reference to the contentious bridges, and referred to Westfield “having its way” with the city council.

Most businesses this morning were putting the final touches to their stores.

But the European fashion shop that appeared to be causing the most shopper interest, Zara, remained closed.

Westfield chief executive Steven Lowy said the complex was opening six months ahead of schedule, with the company keen to catch the Christmas market.

He believed Westfield would complement rival stores David Jones and Myer.

Shopper reaction was mostly positive following the opening.

Jane, from Newcastle, said the layout and design were impressive.

“I like it, it looks very beautiful and has lots of new [shop] ideas,” she said.

“I like the number of different shops too, and [swimwear shop] Tigerlily was great.”

Waterloo resident Helen agreed the centre was exciting, but was eagerly awaiting the opening of Zara.

“I like the lounge area, and I’m really looking forward to Zara too,” she said.

Nick, a Surry Hills resident and city worker, said the new complex “was almost too glitzy”.

“We were just saying it appeared to be a bit bright, a bit too glitzy, but there is an impressive range of shops of good calibre,” he said.

“But, yeah, it was probably needed, everything was looking a bit tired.”

Sydney lord mayor Clover Moore welcomed the investment in the city, calling the complex “beautiful”.

Westfield Sydney- Don't panic, boys, but we're due to open in three days

25 Oct

Tim Barlass SMH October 24, 2010

‘‘All under control’’ … workers at the Westfield City site during the week. Westfield Australia managing director Robert Jordan says the centre is on target to open on Thursday.

Photo: Anthony Johnson

A 1000-STRONG army of tradespeople is working around the clock to complete the $1.2 billion Westfield Sydney complex in Pitt Street.

The retail heart of Sydney is due to emerge from its cocoon of scaffolding and dust, after two years of construction, at 9.30am on Thursday.

But last week, when The Sun-Herald photographed the site, not one of the 130 shops had a name on its frontage, any stock or even shelves to put it on.

Westfield Australia managing director Robert Jordan seemed relaxed about the timetable.

”I am sleeping just fine,” he said.

”I have seen the progress over the last few weeks and it is all under control. Trust me.”

The site has thrown up some challenges. Construction has gone on under the watchful eyes of Myer and David Jones on either side, without compromising the stability of the 50-metre Sydney Tower rising above the site.

But it’s no ordinary shopping centre. In June, it was rated the ninth most expensive retail space in the world, up there with Fifth Avenue and the Champs-Elysees. The retail strip, which is expecting a huge boost in the number of shoppers once Westfield opens, commands an average rent of $6000 a square metre a year. The 130 retailers in stage one of the opening include Gucci, Hugo Boss, Stuart Weitzman and some brands that are new in Sydney: Gap, Mulberry and DKNY Jeans.

Shoppers will be encouraged to dine, with outlets such as the gourmet burger shop Charlie & Co, to be opened by Becasse chef Justin North. Jason McVicar, general manager of stores operations at David Jones, which has five pedestrian links to Westfield, said the complex would help make the CBD an international destination.

”Some great international retailers will offer another part to the mix for the people of Sydney.”

Source- http://www.smh.com.au/lifestyle/shopping/dont-panic-boys-but-were-due-to-open-in-four-days-20101023-16ylc.html

Westfield Sydney- my how you've grown!

12 Sep

With only seven weeks until the opening of the first (and major) stage of shops, Westfield Sydney is starting to rapidly take shape. Below are some images contrasting the site as it is today and as it was in 2008.

The $800 million project involves the construction of a new mall and office tower (85 Castlereagh Street) and refurbishment and reskinning of the existing 100 Market Street building and some mall sections.

The view from the corver of Market and Castlereagh Streets.

Some interesting historical images from 1969-

More at-
http://www.sydneyarchitecture.com/NEW/NEW11.htm
http://www.sydneyarchitecture.com/cbd/cbd4-042.htm

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