Indooroopilly Shopping Centre
Indooroopilly Shopping Centre, formerly Indooroopilly Shoppingtown, is a major regional shopping centre in the western suburb of Indooroopilly in the City of Brisbane, Queensland, Australia. It hosts over 260 specialty stores over 4 floors and is the largest shopping centre in the western suburbs of Brisbane, by gross lettable area, and contains the only Myer and David Jones store in that region.
History
The centre was constructed and opened in 1970 by the Westfield Group. The entire area was first cleared of the residents and their homes, mostly Queenslander-style houses. At its opening, it was reputedly the largest shopping mall in the Southern Hemisphere. This title has since been overtaken by newer centres such as the Chadstone Shopping Centre in Melbourne.The centre has undergone extensive renovations since its opening. Some of these include a 12 screen cinema complex operated by Birch Carroll & Coyle Megaplex in 1998. Until 2000, Indooroopilly Shopping Centre was known as Westfield Shoppingtown Indooroopilly.
In 2000, the Westfield Group sold its 50% joint venture stake in the centre to Commonwealth Funds Management for $300 million. CFM, through its management of the Commonwealth Property Fund, was the other partner in the joint venture, owning the other 50% stake and giving them full ownership of the centre as a result of the sale. In 2005, CPF sold 50% of the centre to the Public Sector and Commonwealth Superannuation Schemes and local business owner Michael Schirripa.
A$300 million redevelopment was completed in 2014 including a new parallel mall, a new department store, an additional of retail space and 900 additional carparks.
The centre introduced an advanced parking system in September 2015. The new parking system is ticketless relying on license plate recognition. As a part of the controlled parking initiative, a parking guidance system has been introduced using LED-based space indicators and electronic display boards to advise customers of available car parking spaces. In November 2017, AMP Capital purchased a 50% shareholding.