[PRO] Westfield Marion (2019/20 Extension)

All high-rise, low-rise and street developments in areas other than the CBD and North Adelaide. Includes Port Adelaide and Glenelg.
ralmin
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[PRO] Re: Westfield Marion (2019/20 Extension)

Post by ralmin »

It’s not difficult to find a park if you’re willing to walk out in the rain. Meanwhile for those of us who want to park undercover it can take a while. I welcome the multi storey car park.
Allkai
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[PRO] Re: Westfield Marion (2019/20 Extension)

Post by Allkai »

nath91 wrote:
Fri Jun 14, 2019 3:50 pm

“Parking will be free for customers who park for less than three hours and for those who have a valid disabled parking permit,” Mr White said.
How does this bit work, in a ticketless numberplate recognition system?
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[PRO] Re: Westfield Marion (2019/20 Extension)

Post by Nort »

ReallyBad wrote:
Sat Jun 15, 2019 6:21 pm
Paid parking is meant to stop staff and bus travellers parking there


Sent from my iPad using Tapatalk
Knowing that it isn't practical for many staff to use public transport to get to the center for many shifts restrictions such as that just end up actually meaning "Our business plan relies of staff crowding the surrounding streets as unpaid parking".
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[PRO] Re: Westfield Marion (2019/20 Extension)

Post by nath91 »

Allkai wrote:
Mon Jun 17, 2019 8:49 am
nath91 wrote:
Fri Jun 14, 2019 3:50 pm

“Parking will be free for customers who park for less than three hours and for those who have a valid disabled parking permit,” Mr White said.
How does this bit work, in a ticketless numberplate recognition system?
Think if you exceed 3 hours, you scan your disability permit and it validates your stay, so once scanned you drive out and the gate will open automatically.

West Lakes has had this validation system in for a few years now (except they still use tickets).

Would assume Marion would be all free parking when you enter after 6pm like West Lakes, which would be the biggest time for movie/dinner goers.
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[PRO] Re: Westfield Marion (2019/20 Extension)

Post by Allkai »

Ah ok, I wasn't aware the disability permit hangers had a scan-able barcode.... :)
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[PRO] Re: Westfield Marion (2019/20 Extension)

Post by nath91 »

Allkai wrote:
Mon Jun 17, 2019 10:48 am
Ah ok, I wasn't aware the disability permit hangers had a scan-able barcode.... :)
Westfield issue their own barcoded key tag for disability permit holders, you show your permit at the desk and sign up, and they give it to you. My Aunty has one.
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[PRO] Re: Westfield Marion (2019/20 Extension)

Post by Stryker »

Allkai wrote:
Mon Jun 17, 2019 8:49 am
nath91 wrote:
Fri Jun 14, 2019 3:50 pm

“Parking will be free for customers who park for less than three hours and for those who have a valid disabled parking permit,” Mr White said.
How does this bit work, in a ticketless numberplate recognition system?
If my memory serves me correct I think the car park in Glenelg next to the GU Cinema uses a numberplate recognition system. I think you just enter your numberplate in the ticket machine and the computer works it all out and you pay as per normal...
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[PRO] Re: Westfield Marion (2019/20 Extension)

Post by ChillyPhilly »

Found it on LinkedIn.

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[PRO] Re: Westfield Marion (2019/20 Extension)

Post by how good is he »

Recent article
Lend Lease at pointy end of Westfield Marion sale
By Sarah Thompson and Anthony Macdonald

One of the year's most-anticipated commercial property transactions is nearing the end game, as Singapore Press Holdings emerges as a strong contender to take over a $700 million half stake in Adelaide's biggest mall, Westfield Marion.
While there have been bigger deals already this year, the looming transaction in suburban Adelaide has caught the attention of many due to the significance it holds for pricing retail property assets.
In April Lendlease's investment arm put the half stake in the shopping centre on the market in an effort to raise funds to meet as much as $2 billion in redemption requests from its unlisted retail fund.
If the mooted deal goes through to conclusion, a half stake Westfield mall could change hands for around $700 million. That's below the $737.5 million book valuation for the remaining stake held by the shopping centre's co-owner, Scentre Group.
But it's also a better result than the 10 per cent haircut which was being bandied about as a likely outcome by property pundits over recent weeks.
Singapore Press Holdings is no stranger to the local market, having made forays here before through the Singapore-listed property trust, SPH REIT, which it majority owns.
Last year, SPH REIT joined with Moelis Australia to buy the Figtree Grove shopping centre in Wollongong in a $206 million deal from private equity player Blackstone.
Singapore Press Holdings could make its own headlines here by completing an acquisition of a half stake in the Westfield mall at below book value.
With an estimated $11 billion worth of malls - on Citi numbers - potentially hitting the market, there is already considerable downward pressure on retail property values. That pressure comes in addition to some wariness around the sector due to the potential impact over the long term of e-commerce on shopping habits.
Notwithstanding the fact there are strong arguments that online shopping will not penetrate the Australian market as much as it has in the US and UK, consumer sentiment is sluggish.
An Adelaide deal would send a price signal to other major mooted mall divestments, such as AMP Capital's move to exit its $1.2 billion Garden City mall in Perth.
As well, a soft number in Adelaide could not be ignored by valuers the next time they ran the numbers for the massive retail portfolios still held in listed property trusts along with unlisted vehicles.
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[PRO] Re: Westfield Marion (2019/20 Extension)

Post by Pants »

A Chanel beauty store is opening soon. Even though it’s not a boutique, it’s a decent caliber store for Marion.
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[PRO] Re: Westfield Marion (2019/20 Extension)

Post by nath91 »

Heard from a store manager at the centre that Sephora are looking at the old Country Road site, a big corner spot on the edge of the large event space area. To open after the Rundle Mall store.

Ripe Maternity also opening a new store here soon in the Myer mall
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[PRO] Re: Westfield Marion (2019/20 Extension)

Post by The Scooter Guy »

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