Bass Hill Plaza

Bass Hill Plaza is a shopping centre serving the suburb of Bass Hill and surrounding communities in south-western Sydney, New South Wales. The centre opened on 27 November 1984 with a large supermarket and department-store-oriented tenant mix that included Franklins, Target and Woolworths, together with more than 50 specialty stores. Its format reflected the established Australian suburban shopping-centre model: a group of major anchor retailers supported by smaller stores providing everyday grocery, household, fashion, service and convenience offerings. The centre's tenant composition changed as the Australian retail market evolved. Franklins, one of its original anchor tenants, closed its Bass Hill store in 2013. Aldi subsequently opened at the centre on 28 August 2013, replacing Franklins and adding a discount supermarket proposition to the grocery offer. Target later closed its Bass Hill store on 28 June 2014, with poor sales cited as the reason for the closure. Kmart then took over the former Target space, and its store was officially opened on 26 November 2014, coinciding with Bass Hill Plaza's thirtieth-birthday celebrations. Following these changes, the centre's principal anchors became Woolworths, Aldi and Kmart, supported by more than 50 specialty stores. This combination positions Bass Hill Plaza primarily as a convenience and everyday-needs destination rather than a fashion-led regional mall. Its offer is centred on grocery shopping, discount department-store merchandise, household goods, general retail and local services. On 11 November 2018, Charter Hall acquired Bass Hill Plaza for A$90 million from Singapore-based Memo Corporation, which also owned Strathfield Plaza. The transaction placed the centre under the ownership of a major Australian property investment and funds-management group. Bass Hill Plaza remains an active suburban retail property associated with its local catchment in Sydney's south-west.

Bass Hill Plaza opened on 27 November 1984 in Bass Hill, a suburb in Sydney's south-west. At launch, the centre included Franklins, Target and Woolworths as its principal anchor tenants, along with more than 50 specialty stores. The original configuration gave local shoppers access to supermarket groceries, department-store merchandise and a broad range of smaller retail and service businesses in one suburban location. The centre's anchors changed over time in response to developments in Australian retailing. Franklins ceased operating at Bass Hill Plaza in 2013. Aldi replaced the former Franklins operation and opened its store on 28 August 2013, introducing a discount-supermarket format to the centre's grocery mix. Target closed its Bass Hill store on 28 June 2014 because of poor sales. The vacant department-store space was subsequently occupied by Kmart, which opened on 26 November 2014. The Kmart opening formed part of celebrations marking the centre's thirtieth anniversary. After the anchor changes, Bass Hill Plaza was anchored by Woolworths, Aldi and Kmart, with more than 50 specialty stores continuing to support the centre. The resulting offer focused on frequent, practical shopping trips and everyday household needs, rather than on the larger regional-centre format associated with extensive fashion or entertainment precincts. Ownership changed on 11 November 2018, when Charter Hall acquired Bass Hill Plaza for A$90 million from Memo Corporation, a Singapore-based company that also owned Strathfield Plaza. The acquisition connected the property with Charter Hall's Australian property investment and funds-management operations. Bass Hill Plaza is described as an active shopping centre serving Bass Hill and nearby areas of south-west Sydney.

• 2018

  Charter Hall acquired the centre

  [1]Bass Hill Plazaen.wikipedia.org

  Charter Hall acquired Bass Hill Plaza from Memo Corporation for A$90 million on 11 November.

• 2014

  Target closed

  [1]Bass Hill Plazaen.wikipedia.org

  Target closed its Bass Hill Plaza store on 28 June, with poor sales cited as the reason.

• 2014

  Kmart opened and the centre marked its thirtieth anniversary

  [1]Bass Hill Plazaen.wikipedia.org

  Kmart replaced Target and opened on 26 November, during the centre's thirtieth-birthday celebrations.

• 2013

  Aldi replaced Franklins

  [1]Bass Hill Plazaen.wikipedia.org

  Franklins closed at the centre, and Aldi opened its replacement store on 28 August.

• 1984

  Bass Hill Plaza opened

  [1]Bass Hill Plazaen.wikipedia.org

  The centre opened on 27 November with Franklins, Target and Woolworths as major anchors and more than 50 specialty stores.

A convenient suburban shopping destination focused on groceries, household needs, discount department-store merchandise and local specialty retail.

• Supermarket anchor · 1984

  Woolworths

  Woolworths is one of Bass Hill Plaza's principal supermarket anchors. Its presence supports the centre's everyday-needs positioning by providing general grocery shopping for local households.

• Discount supermarket anchor · 2013

  Aldi

  Aldi replaced Franklins at Bass Hill Plaza and opened on 28 August 2013. The store added a discount-supermarket format and broadened the centre's grocery offer alongside Woolworths.

• Discount department-store anchor · 2014

  Kmart

  Kmart occupies the former Target space at Bass Hill Plaza. It opened on 26 November 2014 and provides a broad range of value-oriented household, clothing, general merchandise and everyday products.

• Specialty retail and services · 1984

  Specialty stores

  Bass Hill Plaza includes more than 50 specialty stores. These smaller tenants complement the major anchors with additional retail products and local services, although the available reference material does not identify every store or category.

• 2018

  Charter Hall acquisitionM&A

  Background

  Bass Hill Plaza was owned by Singapore-based Memo Corporation before the transaction.

  Action taken

  Charter Hall acquired the shopping centre on 11 November 2018 for A$90 million.

  Aftermath

  The property became part of Charter Hall's Australian property investment portfolio.

  Acquisition price. A$90 million (11 November 2018)

  Source

• 2014

  Replace Target with KmartGeneration change

  Background

  Target closed its Bass Hill store on 28 June 2014, with poor sales cited as the reason.

  Action taken

  Kmart took over the former Target space and opened on 26 November 2014.

  Aftermath

  Kmart became one of the centre's principal anchors, and its opening was incorporated into Bass Hill Plaza's thirtieth-anniversary celebrations.

  Source

• 2013

  Replace Franklins with AldiGeneration change

  Background

  Franklins closed its Bass Hill Plaza store in 2013, creating a change in the centre's supermarket-anchor mix.

  Action taken

  Aldi opened at the centre on 28 August 2013 as the replacement supermarket.

  Aftermath

  The centre retained a major grocery offer while adding a discount-supermarket operator alongside Woolworths.

  Source

• 2018

  Charter Hall acquired Bass Hill Plaza[1]Bass Hill Plazaen.wikipedia.org

  M&A

  Charter Hall acquired Bass Hill Plaza from Singapore-based Memo Corporation on 11 November 2018.

• 2014

  Target closed its Bass Hill Plaza store[1]Bass Hill Plazaen.wikipedia.org

  Other

  Target closed its Bass Hill Plaza location on 28 June 2014, with poor sales cited as the reason.

• 2014

  Kmart opened at Bass Hill Plaza[1]Bass Hill Plazaen.wikipedia.org

  Product launch · Product generation

  Kmart replaced the former Target store and opened at Bass Hill Plaza on 26 November 2014, during the centre's thirtieth-birthday celebrations.

• 2013

  Aldi replaced Franklins at Bass Hill Plaza[1]Bass Hill Plazaen.wikipedia.org

  Product launch · Other

  Franklins closed its Bass Hill Plaza store, and Aldi opened a replacement supermarket on 28 August 2013.

1. 1Bass Hill Plazaen.wikipedia.org