Revitalised Westfield begins to take shape

20 Sep 2007

Work on the $600 million Westfield Doncaster transformation has passed the eight-month mark.

A new intersection at Doncaster Road and the former Tower Street opened early in September, giving access to the Centre via the existing rooftop carpark and civic works are under way to create easier access to the northern (Myer end) carpark off Williamsons Road. These are scheduled for completion within two months.

Construction at the intersection of Doncaster and Williamsons Roads is clearly showing where the signature curved glass drum will appear, while to the east of Myer the new structures are evident. On all fronts there are major concrete and steel structures rising quickly and helping define the new-look Centre.

In late August the Westfield Group and LaSalle Investment Management Inc. announced a $1.48 billion joint venture for Westfield Doncaster.

LaSalle, on behalf of the Asia Property Fund, will acquire a half interest in Westfield Doncaster over 18 months to fund the current redevelopment. The total investment of $738 million will represent half the value of the Centre on completion next year.