MMP221 Property Management: Comparative Analysis of Retail Centres

This report provides a detailed analysis of the retail property management practices employed at Highpoint Shopping Centre and Meadows Shopping Centre. It examines aspects such as centre layout, characteristics, issues, and opportunities, alongside the ethical and sustainable practices impl...Read More

Property management
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Institution

Highpoint shopping centre
Highpoint Shopping Center is situated in Maribyrnong, eight kilometers northwest of the Melbourne CBD and is one of
Australias driving retail destinations. Highpoint is one of the biggest shopping centres in Australia and fuses more than
500 stores including western Melbournes first David Jones, and in addition a few global retailers including Zara, Apple
and Samsung. The middle gives a solid retail experience to clients and furnishes the western locale of Melbourne with a
broad retail, amusement and way of life offer. Its boasts of a size of 154,300 sqm and a value of $2,680.1 million As At
31 Dec 2017. High point shopping centre is managed by the GPT group.
The GPT Group is one of Australia's biggest broadened property community and a main 50 ASX recorded organization
by advertise capitalisation. GPT claims and deals with a $22.7 billion arrangement of workplaces, coordination, business
stops and prime shopping centres crosswise over Australia. The Group has a considerable financial specialist base with in
excess of 34,000 investors.
The General Property Trust was propelled as Australia's first historically speaking property trust when it was recorded on
the Australian Securities Exchange (ASX) in 1971. The trust was propelled and overseen by Lend Lease who needed to
give retail speculators the chance to put resources into an arrangement of amazing business property resources. In 2005, a
proposition was put to investors for the administration to be disguised. On endorsement, this brought about GPT isolating
from Lend lease to end up the autonomous organization it is known as today. Collaborate Good corporate administration
is a key part of GPT's duty to our security holders.
GPT's Board endeavors to guarantee that the Group meets elevated expectations of administration over its activities, with
approaches covering territories including Board and Committee contracts, GPT's Code of Conduct, Continuous
Disclosure methodology, Whistleblower arrangements and Personal Dealing rules.
The Board in managing and running of the High point shopping Centre and stores additionally clings to the
accompanying eight standards:
• Lay strong establishments for administration and oversight
• Structure of the board to include esteem
• Act morally and capably
• Safeguard respectability in corporate revealing
• Make auspicious and adjusted revelation
• Respect the privileges of Security Holders
• Recognize and oversee hazard
• Remunerate decently and mindfully

Conveying a world class shopping destination, Highpoint includes more than 500 stores including Australian and global
designer fashion, homewares and way of life brands, in addition to in excess of 7,000 parking spots with Smart Park
innovation offering advantageous access to the Center.
With a glad history of conveying numerous retailers and brands to Melbourne's West, Highpoint is satisfied to welcome
the locale's first David Jones retail establishment that joins Myer, Target, and Big W in addition to powerhouse brands
Zara and Mecca Maxima. Highpoint likewise flaunts a flourishing crisp sustenance advertise including a full line
Woolworths, new foods grown from the ground showcase, butcher, store, angle monger and the sky is the limit from
there!
A goal for quality stimulation, get a film at Hoyts Highpoint, one of just two films in Melbourne exhibiting IMAX,
appreciate the enjoyment of Playtime and Strike or eat something at any of the delectable Highpoint eateries. Highpoint
Shopping Center is overseen by The GPT Group, working it for the benefit of the proprietors, GPT Wholesale Shopping
Center Fund and The GPT Group. Great corporate administration is a principal part of GPT's responsibility to our
security holders.
The GPT Group's hazard administration approach fuses the territories of culture, individuals, procedures and frameworks
to empower the association to acknowledge openings while dealing with the dangers related with these exercises. GPT
perceives the prerequisite for compelling danger administration as a center capacity and all representatives are likewise
anticipated that would be administrators of hazards when it happens.GPT's way to deal with hazard administration is
steady with AS/NZS ISO 31000:2009: Risk Management. GPT's working environment wellbeing and security approach
and execution are incorporated into the Health, Wellbeing and Safety
GPT has a scope of policies and conventions to manage representatives in their everyday work exercises and to help GPT
Approach Code of Conduct
This Code sets out the guidelines of direct we expect at GPT as we work to be the most regarded property organization in
Australia. This Code of Conduct is supported by our qualities which help us to consider not simply our execution but
rather the practices we show. Moreover, GPT has various strategies that apply to your work with GPT. These approaches
are accessible on the eXchange. You are required to acquaint yourself with and agree to the terms of these strategies.
This Code of Conduct and the related principles of conduct apply to all GPT workers including the
Non-Executive Directors of all GPT Group elements, in connection to their work with GPT. This arrangement applies
amid working hours and will apply outside of working hours where a representative's conduct impacts on their
association with different representatives, contractual workers or specialists or with GPTas a corporate subject. This
incorporates yet isn't constrained to representatives who are on GPT premises, going for the benefit of GPT, speaking to
GPT at a work capacity or open gatherings, or generally speaking to GPT.
Codes of conduct
Any rupture of this code or inability to act inside the soul of this code will be seen genuinely and will be liable to
disciplinary activity which may incorporate end of your work with GPT. Breach of this code may likewise be a break of
the law and may result in common or criminal punishments for you, your supervisor, chiefs as well as the organization.

The Compliance Manager is in charge of direction and exhortation in connection to this arrangement and additionally
building up a system to help standard correspondence and fortification of this strategy.
Directors are in charge of:
I. Upholding and advancing the Code of Conduct by living the GPT esteems
II. Taking sensible strides to keep their group from taking part in lead in opposition to this Code of Conduct, and
additionally shielding them from such direct
III. Ensuring that representatives in their group know about and conform to this approach
IV. Ensuring that their group know about inward roads for settling objections
V. Dealing with protests about inadmissible conduct and unfortunate behavior rapidly, adequately and secretly
VI. Advising the Compliance Manager if there is a rising worry about consistence with this approach.
Workers are in charge of:
I. Being mindful of and agreeing to this Code of Conduct, other GPT approaches and administrative necessities that
apply to their parts
II. Acting to the greatest advantage of GPT consistently, including evading real and evident irreconcilable situations
III. Treating different workers, contractual workers and advisors reasonably and with deference
IV. Taking every single sensible advance to anchor GPT premises and property
V. Raising concerns they have in regards to ill-advised lead or any associated rupture with law with their
administrator or through other inside issue goals bolster channels made accessible by GPT
Set of accepted rules
Highpoint strip mall as a business is construct to a substantial degree upon trustworthiness and common trust. We are
glad for GPT's long-standing notoriety for applying the most noteworthy moral and good principles in the entirety of its
dealings.
Keeping in mind the end goal to keep up and shield the trust and certainty of Security holders, controllers, customers,
accomplices, individual workers and people in general, it is fundamental that GPT and its representatives not be
associated with any type of unlawful or exploitative lead, or some other circumstance or movement which may be seen
by others to establish illicit or unseemly direct.
Approach
You should dependably keep away from conditions which may render you vulnerable to charges of illicit, deceptive or
wrong lead.
In the event that a law clashes with a strategy in this code or some other GPT approach, you should consent to the
law.Insider exchanging and individual managing. It is unlawful to bargain in shares while in the ownership of value
delicate data about the GPT Group or whatever other organization that isn't by and large accessible to the general
population. It is likewise unlawful to pass the data on to another person who may utilize the data to bargain in GPT offers
or offers in that other organization. Value delicate data implies data that if openly known would probably materially
affect the cost or estimation of the offers or impact individuals who ordinarily put resources into choosing whether or not
to purchase or offer the offers. You may have value touchy data because of the activity you perform. Infringement of

insider exchanging laws could result in criminal accusations being laid against you. You can legitimately bargain in
shares as per GPT's Personal Dealing Policy.
To empower situations in which their kin exceed expectations and our clients and networks flourish, supportability
rehearses underline the everyday activities of Highpoint Shopping Center. Highpoint is resolved to roll out positive and
noteworthy improvements to the manner in which they work and build up the Center, setting a solid accentuation on their
water, waste and vitality utilize. Much center has been to drive and actualize imaginative natural measures and
frameworks that improve execution yet additionally, limit our effect on the earth. At present, Highpoint Shopping Center
holds a 5.5 stars NABERS Energy Rating and purchases 40.0% of GreenPower. Highpoint transmits 62.5% less carbon
discharge for every square meter in contrast with a comparative retail resource in estimate.
Did you realize that Highpoint as of late experienced a lighting update? Highpoint strip mall has supplanted 2,800 lights
over the benefit with LED lights which will lessen our power utilization by around 10%. Driven lights are more vitality
effective and have a more extended life expectancy than the normal non LED lights. This implies we will utilize less
lights and less vitality, which is thus, gives an awesome result to the earth!
Highpoint works with neighborhood local gatherings on activities that help the advancing scene of Melbourne's West.
The Center has produced associations with associations crosswise over government, game, instruction and human
expressions. The Center is focused on being an energizing piece of the social texture of the network and working with
associations who share its qualities.
Meadows shopping centre
Altona Meadows is limited toward the north by the Princes Freeway, Laverton Creek and the Werribee
railroad line. The eastern outskirt is framed by a line which takes after the edge of private advancement and afterward
slices along Queen Street to take after Laverton Creek. Port Phillip Bay is toward the south of the neighborhood and
Skeleton Creek and Crellin Avenue South are toward the west.
The dominating area use in Altona Meadows are private, stop and diversion, and open protection zones. Altona Meadows
has some critical natural highlights including the Truganina Coastal Parklands what's more, the Cheetham Wetlands
which finish the drift to Point Cook.
The kinds of land utilities in Altona Meadows are prevalently residential (R1Z), public park and
Recreation (PPRZ) and public conservation zones (PCRZ).As the guide beneath appears, beach front regions of the area
toward the south east and land that skirts Skeleton Creek, along the south west corner, all fall inside general society
protection zone. The area's private zones are separated by a street zone – classification 1 (RDZ1). This street, Focal
Avenue/Queen Street, is the key connect to different parts of the district and additionally a key passage what's more,
leave point for the area. The Princes Freeway which shapes some portion of the northern limit is comparably zoned.
The primary business zone, amidst the area, is the area of the huge Central Square shopping complex and incorporates the
Altona Meadows Learning and Library Center. (Business zones were as of late changed to business zones and show up as
B1Z in the guide underneath). There are two grade schools toward the north and south of the area which are situated
ashore zoned for open utilize training.

In portraying their neighborhood inhabitants discussed getting a charge out of the manner in which Altona Meadows had
been subdivided, making a considerable measure of courts and circular drives which urged individuals to become more
acquainted with their neighbors and encouraging a feeling of network. Altona Meadows is viewed as being still generally
reasonable for the two tenants and purchasers, in spite of the fact that costs have started to increment. Open space is
moreover exceedingly esteemed and as one individual put it, "We are exceptionally special to have the open space that
we have here." But a few occupants felt these natural highlights were not very much used. "We have bunches of exquisite
green regions like the 100 Steps and I figure they could be utilize that significantly more." They likewise noticed that
open transport and activity could be enhanced, saying poor linkages among transports and prepares and the blockage
related with the Princes Freeway. Altona Meadows has a populace of a little more than 18,729 individuals (22 for every
penny of all the region's inhabitants), making it the most populated neighborhood in Hobsons Bay. Over the following
decade, the number of inhabitants in Altona Meadows is estimate to stay stable. Contributing variables to this absence of
development are expanding quantities of developing of families and a maturing of populace.
Since 2006, the web association rate for Altona Meadows has hopped by roughly 15 for every penny, with just about
seventy five percent of Altona Meadows families presently associated, 2 for each penny more than for Hobsons Bay.
At the 2011 Census, the normal week after week salary per laborer in Australia was $1,026. In Altona
Knolls, 1,960 inhabitants (12.6 for each penny) matured 15 years have earnings over that level, yet well beneath the
Hobsons Bay figure of 19.4 for every penny. Conversely, a further 6,166 occupants (39.8 for each penny) have salaries
underneath $400 every week which is higher than the city figure of 36.7 for every penny. (The destitution line for a
solitary working individual is $459.83. Another presentation space, called 'Circle', is because of open at Central Square
shopping centre in late 2013. Construction of the foot/cycle way on the east side of Point Cook Road, between Central
Ave and Skeleton Creek, is arranged. Also ahead is the redevelopment of the play space at Laverton Park; works will
incorporate pathway enhancements. Floodlighting will be introduced at Altona Green Park which is a multi-reason sports
field, and in addition new open toilets at HD Graham Reserve.
Network Facilities
Altona Meadows Community Center: Altona Meadows Community Center, in Trafalgar Avenue, has worked since 1991.
The inside runs assorted scope of administrations and projects for individuals all things considered and capacities. These
cover work administrations, instruction and proficiency and numeracy, handicap bolster programs and administrations,
advising administrations and socially and etymologically various projects. There are likewise sports and innovative
expressions programs, together with administrations and projects for youngsters and kids, including intermittent childcare
and after school programs.
Altona Meadows Library and Learning Center
Situated at the Central Square mall, the Altona Meadows Library and Learning Center is a generally new building and
has a scope of books, magazines and Audio Visual (AV) material, including network dialect accumulations in Arabic,
Chinese and Vietnamese. Network meeting and show spaces are additionally accessible for employ.
Old Laverton School: Old Laverton School in Kiora Street is a network and expressions office accessible for contract to
easygoing and long haul inhabitants. (Allude to the segment on History and Development for more data about the
building's legacy.)

Altona Meadows has a scope of amusement spaces, both formal and casual. Abdominal muscle Shaw Reserve/Laverton
Park: This hold is found north of Queen Street, neighboring Laverton Creek. Offices incorporate tennis courts, garden
dishes and ovals for soccer, cricket and football. There are additionally four spots structures, cricket nets and a play area.
A common strolling and cycling way keeps running between the save and Laverton Creek and the Council has focused on
finishing the unpaved segments. Works have moreover started at the Merton Street underpass which will interface the
way through toward the north side of the railroad line and on to McCormack Park in Laverton. Bruce Comben Reserve:
This save is at the western end of Central Avenue. It has a cricket oval and nets, tennis courts, a play area and games
structure. Contact football is additionally played here. Altona Green Reserve: This open utilize save is neighboring the
Altona Green grade school in Victoria Street. Notwithstanding two tennis courts, there is an oval which is utilized for
cricket and in winter it fills in as a 'flood' oval for football. The save additionally has a few cricket nets and a play area.
The Altona Sports Center: The area's significant retail focus is Central Square Shopping Center shopping intricate,
fabricated in 1994 and repaired and stretched out in 2004. The Center incorporates a few noteworthy stay stores and
55 other forte shops and exchanges 24 hours seven days seven days. An Aldi market is too booked to be built up inside
the middle throughout the following a half year. Contiguous the middle is Hobsons Bay Altona Meadows Library and a
Medical Center.
The meadows Central Square Shopping Center shopping unpredictable, constructed in 1994 and restored and stretched
out in 2004, incorporates a few noteworthy stay stores and 55 other strength shops and exchanges 24 hours seven days
seven days. An Aldi store is moreover planned to be built up inside the middle throughout the following a half year.
Adjoining the inside is Hobsons Bay Altona Meadows Library and a Medical Center. Three little shopping strips inside
the area likewise give a nearby administration. At the corner of Roseberry Street and Cameron Avenue are a joined
staple/alcohol store, butcher and beautician. At Queen Street and Victoria Avenue is a therapeutic focus, a cycle shop and
a takeaway shop. Encourage south, at the side of Victoria Street and South Avenue, is a drain bar, take-away shop what's
more, beautician. The inside has six indoor ball courts and two open air courts which are utilized for b-ball and netball. It
likewise incorporates two gathering/work rooms which are accessible for network utilize. Truganina Park and Cheetham
Wetlands. These territories of open space are key connected spaces, consolidating various shared ways. Starting at the
skate stop on Queen Street and evading the lodging improvement the principle way travels south to Skeleton Creek. It at
that point partitions and clients can either proceed crosswise over Skeleton Creek to Point Cook or on the other hand take
the way that takes after the eastern side of Skeleton Creek through to Carinza Reserve in the north western corner of the
area.

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