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Retail Centres to Activity Centres

PCA Retail Property Breakfast

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Retail Centres to Activity Centres

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Page 1: PCA Retail Property Breakfast

Retail Centres to Activity Centres

Page 2: PCA Retail Property Breakfast

Policies

Page 3: PCA Retail Property Breakfast

Activity Centres Policy

• Centre Context• Movement• Activity• Urban Form• Resource Conservation• Implementation

Page 4: PCA Retail Property Breakfast

Activity Centres Policy

• Centres are means to achieve Directions 2031

• Diverse activity – not just retail• Centre boundaries• Residential targets• Centre owners can prepare their own

structure plan

Page 5: PCA Retail Property Breakfast

Developer response

• Short term – uncertainty and need to adjust to new rules (RSA guidelines, Structure Plan guidelines)

• Medium term – expand retail towards national averages (1.4 sqm to 1.9 sqm per capita)

• Long term – transition of some pure retail business models to hybrid activity centre models

Page 6: PCA Retail Property Breakfast

Are Perth centres unique?

• Mostly single level• Some two - level centres don’t work

(Karrinyup & Morley parking)• Single level centres common because

land has been cheaper than development capital

• High retail content• Low residential density• Poor public transport

Page 7: PCA Retail Property Breakfast

Adapting to ‘Activity Centre’

Page 8: PCA Retail Property Breakfast

Diversity Performance Targets

Hierarchy Shop Retail Component

Other floorspace (% total)

Perth Capital City

NA NA

Strategic Metro,Secondary, District

> 100,000 sqm 50%

> 50,000 sqm 40%

> 20,000 sqm 30%

> 10,000 sqm 20%

< 10,000 sqm NA

Neighbourhood NA NA

Page 9: PCA Retail Property Breakfast

Floorspace Ready-Reckoner

Shop Retail sqm

Other sqm Total sqm

20,000 8,571 28,571

30,000 12,857 42,857

40,000 17,143 57,132

50,000 33,333 83,333

60,000 40,000 100,000Full copy available on www.pracsys.com.au

Page 10: PCA Retail Property Breakfast

Dwellings

Hierarchy Dwellings per gross

ha

Dwellings

Perth Capital City

NA NA

Strategic Metro

30 to 45 800m radius – 6,000 to 9,000

Secondary 25 to 35 400m radius – 1,300 to 1,800

District 20 to 30 400m radius – 1,000 to 1,500

Neighbourhood

15 to 25 200m radius – 200 to 300

Page 11: PCA Retail Property Breakfast

Employment

• Directions 2031- employment/population balance

• Activity centres carry most of the employment burden (depending on level in hierarchy)

• Most Strategic and Secondary centres need to double employment

• Employment growth focused in non-retail activity

Page 12: PCA Retail Property Breakfast

First steps

• Analyse centre performance now (diversity, intensity, accessibility, employment, dwellings)

• Define future centre performance and identify gaps

• Talk to your local government now about centre planning process

www.pracsys.com.au