Page 48 - June 2021

Back On The Rise

A powerhouse in global terms, the Asia-Pacific region looks set to be entering an era of
dominance and a period of sustained economic growth. Across the next few pages, RLI

takes a look at a selection of retail real estate projects that show why this has been the case
in recent times and why the future projects back up these claims of growth in the area.

Jiuzhou Bay, Zhuhai, China,
Developer, Zhuhai Jiuzhou Bay
Holdings Group

ccording to ‘The Edge Magazine Vol. 5’ and an article by Matthew Bouw, CEO Asia Pacific at Cushman & Wakefield, despite the
severe economic and societal impact of the Covid-19 pandemic felt across the globe , recent data in Asia illustrates a profound
resilience in the region. Bouw goes on to say that in fact, growth expectations over the next decade are not only still intact,
Abut the region’s enviable pre-pandemic economic outlook, supported by massive demographic tailwinds and strong forecasts for
regional corporate expansion plans, remain very much in play and will continue to propel the region forward to 2030.
Located at the eastern gateway to Perth’s CBD, across a 6ha site on the banks of the Swan River, Waterbank will include a mix of
residential, commercial, retail and circa four hectares of public open space. A collaborative effort between the WA State Government’s
Metropolitan Redevelopment Authority (MRA) and Lendlease, the vision for Waterbank is to create a new wellbeing precinct: a social place
that reflects the cosmopolitan Perth of today. At Waterbank, everything will be on your doorstep. Situated on the banks of the Swan River
in East Perth, Waterbank provides easy access to free public transport and is a short walk Perth’s vibrant CBD. Relaxed, accessible, tactile
and distinctly Western Australian in its design and identity, Waterbank balances its urban character with a strong connection to nature. The
first stages of the project are currently due to open in 2021.
Another project by developer Lendlease is Melbourne Quarter, which is set to be a vibrant commercial, residential, retail and cultural city
neighbourhood – an authentic part of Melbourne’s CBD connecting the historic grid to the emerging Southern Cross Precinct. Melbourne
Quarter is centrally located in the city directly opposite Southern Cross station, with extensive frontages to Collins Street and Flinders Street. It
is one of the largest new mixed-use urban regeneration developments in Melbourne. The brand new city block will include three next-generation
commercial towers, three residential apartment towers, and a diverse retail mix of food, lifestyle and wellbeing. More than 50 percent of Melbourne

48 RETAIL & LEISURE INTERNATIONAL JUNE 2021