31 May 2018   

5 min read
Stockland leads the way in the design and delivery of efficient, productive and sustainable retail centres and our efforts were recently acknowledged at the prestigious 2018 Property Council of Australia (PCA)/Rider Levnell Bucknell Innovation & Excellence awards, with Stockland Wetherill Park named Australia’s Best Sustainable Development – Existing Buildings and Best Shopping Centre Development.

The award for best sustainable development – existing building recognises Stockland’s innovation in the application of sustainability practices to reduce the centre’s environmental footprint.

Commenting on the win PCA chief executive Ken Morrison said: “social sustainability is also a key component of the centre. Stockland’s innovative strategy has created shared value and is a model for other shopping centres.”

Stockland’s National Sustainability Manager for Commercial Property Greg Johnson said “We’ve very proud of the world-leading sustainability and energy efficiency initiatives at Wetherill Park. We work with all tenants to educate them on the opportunities that sustainable design can unlock, including the financial payback and future proofing of the asset against rising utility costs.”

Stockland owns and operates the most Green Star (Design & As Built) rated retail town centres in the country and we were the first Australian property company to have its retail portfolio rated under the Green Star – Performance rating tool. We have been listed on the World Dow Jones Sustainability Index for 11 consecutive years, we were named as the Global Leader – Listed Diversified Office/Retail in 2017 by GRESB (Global Real Estate Sustainability Benchmark), and we are the only Australian company to be included on the 2017 Climate A list released by CDP, the non-profit global environmental disclosure platform.

Stockland Wetherill Park was also judged the best shopping centre development for its innovation and people-centric design from an impressive field of national finalists.

The award for best shopping development recognises the efficient use of capital in a new or refurbished centre.

Congratulating Stockland on the win Ken Morrison said “Stockland successfully transformed a 32-year-old building into an active retail, dining and entertainment centrepiece.

“Stockland’s strategy reflects customers’ growing interest in fresh food, casual dining and entertainment. This innovative approach shows how retailers can not only survive but thrive in the digital age.”

First developed by Stockland in 1983, the centre’s most recent two-staged redevelopment was completed in December 2015, with the refurbishment of the fresh food precinct completed in September 2016.

The redevelopment increased retail space by 27 per cent, introduced a 800-seat food court, and more than doubled the fresh food and casual dining offerings. With more than 70,000 sqm of gross lettable area, Stockland Wetherill Park is now the leading retail offering in the area.

The centre recorded more than 721,000 customer visits when it launched, a 42 per cent increase on the corresponding trading period the previous year.

According to Rider Levett Bucknell’s Managing Director NSW, Matthew Harris, the level of architectural detail, the mix of retailers and the vibrancy of the resulting development support a socially dynamic local neighbourhood.