mont blanc ballpoint Highpoint aims higher
The Besen family owned Highpoint Shopping Centre in Melbourne’s western suburbs has announced a $50 million, 15,000 square metre expansion that will add five retail precincts.
The Maribyrnong based centre, run by Carol Schwartz, daughter of the $1 billion Sussan Group founder, Marc Besen, has been a good performer despite being substantially smaller than its rivals.
Last year the super regional centre ranked third in Australia on the basis of total retail sales, behind AMP’s Warringah Mall in NSW and the much larger CFS Gandel Retail Trust’s Chadstone Shopping Centre.
Retail analysts said Highpoint had been helped by the fact that Melbourne’s western suburbs had few major retail centres.
The expansion will take the 112,500 sq m shopping centre to 127,500 sq m, adding two outdoor precincts, a food court, 60 specialty shops, a large format retailing space and a multi deck car park. Work will finish in late 2005.