Westfield Penrith

Westfield Penrith is a shopping centre serving Penrith and the wider western Sydney region of New South Wales, Australia. The centre opened on 31 March 1971 under the name Penrith Plaza, with Myer as its lead department-store tenant. It was sold to General Property Trust in April of the same year, and by 1993 the ANZ Bank held a shareholding in the property. In the early 2000s, the centre became part of the Westfield portfolio. General Property Trust reached an agreement with the Westfield Group in early 2005 to sell a 50 percent interest in Penrith Plaza, after which the centre adopted the Westfield Penrith name. The property underwent a substantial redevelopment in 2005. The project cost approximately A$140 million and added about 16,000 square metres of retail and related space, as well as 105 retailers. Following that expansion, the centre had approximately 83,000 square metres of floor space. Westfield Penrith subsequently developed as a broad-based regional shopping destination rather than a narrowly focused convenience centre, combining department stores, supermarkets, fashion, electronics, hospitality, entertainment and services. A further update was introduced in November and December 2022. The approximately A$33 million project added a Coles supermarket and Holey Moley, an indoor mini-golf and entertainment venue. These additions broadened the centre's food, leisure and family-oriented offer alongside its established retail mix. Reported major retailers include Aldi, Apple, Archie Brothers Cirque Electriq, Best & Less, Big W, Coles, Cotton On, Hoyts, JB Hi-Fi, Myer, Rebel and Woolworths. The centre is reported to have approximately 91,409 square metres of floor space. Westfield Penrith's role is primarily regional and community-oriented: it provides everyday supermarket and department-store shopping while also hosting fashion, technology, entertainment, dining and leisure uses. The property operates under the Westfield brand within the Scentre Group's Australian shopping-centre portfolio. Specific current ownership percentages, management executives, financial performance and an official website URL are not established in the supplied reference material.

Westfield Penrith began as Penrith Plaza, opening on 31 March 1971 in Penrith, New South Wales. Myer was the original lead tenant, giving the centre a department-store anchor from its first day of operation. The property was sold to General Property Trust in April 1971. By 1993, ANZ Bank held a shareholding in the centre. The centre entered the Westfield era in early 2005, when General Property Trust agreed to sell a 50 percent interest in Penrith Plaza to the Westfield Group. Following that transaction, the property was renamed Westfield Penrith. The same year brought a major redevelopment valued at approximately A$140 million. The project added around 16,000 square metres of space and introduced 105 retailers, taking the reported size of the centre to approximately 83,000 square metres. Westfield Penrith continued to operate as a broad regional shopping centre, combining department stores and supermarkets with specialty retail, dining, entertainment and services. Its tenant mix has included Aldi, Apple, Archie Brothers Cirque Electriq, Best & Less, Big W, Coles, Cotton On, Hoyts, JB Hi-Fi, Myer, Rebel and Woolworths. A later source description reports total floor space of approximately 91,409 square metres, reflecting the centre's continued scale and evolution. In November and December 2022, the centre completed another significant update, reported at approximately A$33 million. The works introduced a Coles supermarket and Holey Moley, an indoor golf and entertainment venue. These additions strengthened the centre's grocery, leisure and family-entertainment offer. Westfield Penrith remains an active shopping centre operating under the Westfield brand and associated with Scentre Group in Australia.

• 2022

  Coles and Holey Moley added

  [1]Westfield Penrithen.wikipedia.org

  An approximately A$33 million update launched in November and December with a Coles supermarket and Holey Moley indoor golf venue.

• 2005

  Westfield acquisition and redevelopment

  [1]Westfield Penrithen.wikipedia.org

  Westfield Group agreed to acquire a 50 percent interest, the centre adopted the Westfield Penrith name, and a major A$140 million expansion added approximately 16,000 square metres and 105 retailers.

• 1993

  ANZ Bank shareholding reported

  [1]Westfield Penrithen.wikipedia.org

  ANZ Bank was reported to hold a shareholding in the centre by this year.

• 1971

  Penrith Plaza opens

  [1]Westfield Penrithen.wikipedia.org

  The centre opened on 31 March as Penrith Plaza, with Myer as its lead tenant.

• 1971

  Sale to General Property Trust

  [1]Westfield Penrithen.wikipedia.org

  Penrith Plaza was sold to General Property Trust in April, shortly after opening.

A regional, community-oriented shopping and entertainment destination serving Penrith and western Sydney.

• Shopping-centre services · 1971

  Regional shopping-centre retail space

  Westfield Penrith provides a large multi-category retail environment for the Penrith area. Its offer combines anchor tenants, supermarkets and specialty stores across fashion, electronics, home goods, sporting products, groceries and general merchandise. The centre also includes food, services and entertainment uses, allowing customers to combine routine shopping with leisure visits.

• Grocery retail · 2022

  Supermarket and grocery offer

  Supermarket tenants have included Woolworths, Aldi and Coles. These grocery anchors give the centre an everyday shopping function in addition to its department-store and specialty-retail offer. Coles was among the additions associated with the centre's 2022 update.

• Entertainment · 2022

  Entertainment and leisure

  The centre's leisure component includes Hoyts cinema, Archie Brothers Cirque Electriq and Holey Moley indoor golf. These venues complement the retail offer with cinema, games, food and group-oriented entertainment, helping position the property as a broader shopping and leisure destination.

• 2022

  Retail and entertainment updateProduct launch

  Background

  Westfield Penrith pursued a refreshed mix combining everyday grocery shopping with leisure and entertainment.

  Action taken

  The centre introduced Coles and Holey Moley as part of an approximately A$33 million update launched in November and December.

  Aftermath

  The update expanded the centre's grocery, leisure and family-entertainment offer.

  Update cost. A$33 million (2022)

  Source

• 2005

  Westfield takes a 50 percent interest and renames the centreM&A

  Background

  General Property Trust agreed to sell half of Penrith Plaza to the Westfield Group as the property entered the Westfield portfolio.

  Action taken

  Westfield acquired the reported 50 percent interest, after which Penrith Plaza became known as Westfield Penrith.

  Aftermath

  The centre operated under the Westfield name and underwent a major expansion during the same year.

  Source

• 2005

  Major expansionStrategy

  Background

  The centre required additional scale and a broader tenant offer as a regional shopping destination.

  Action taken

  An approximately A$140 million redevelopment added about 16,000 square metres and 105 retailers.

  Aftermath

  Reported centre space increased to approximately 83,000 square metres.

  Redevelopment cost. A$140 million (2005)

  Source

1. 1Westfield Penrithen.wikipedia.org