pca retail property breakfast
DESCRIPTION
Retail Centres to Activity CentresTRANSCRIPT
Retail Centres to Activity Centres
Policies
Activity Centres Policy
• Centre Context• Movement• Activity• Urban Form• Resource Conservation• Implementation
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
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
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
Adapting to ‘Activity Centre’
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
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
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
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
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