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Stockland Wetherill Park,
NSW
Stockland Wetherill Park is a highly productive regional centre
with extensive retail facilities complimented by community
services on 11.8 hectares. The centre trades strongly with
specialty sales of $11,800 per m2.
Location: Western Sydney, NSW
Acquisition date: August 1983
Ownership/title: 100%/Freehold
Cost including additions: $109.6 million
Independent valuation: June 2009
Valuation/($/m2): $318.8 million ($6,256/m2)
Capitalisation rate: 7.00%
Discount rate: 9.25%
Gross lettable area: 50,956m2
Car parking spaces: 1,978
Annual sales: $264.5 million
Specialty occupancy cost: 14.5%
Major Tenants GLA (m2) L ease Expiry
Big W 8,097 Jun 2025
Target 7,020 Jul 2018
Hoyts 4,613 Nov 2023
Woolworths 4,346 Jun 2021
Franklins 3,273 Nov 2016
Lease expiry profile
Vacant 0%
FY10 8%
FY11 3%
FY12 10%
FY13 8%
FY14+ 71%
Stockland Shellharbour,
NSW
Stockland Shellharbour is a sub-regional centre located on the
mid South Coast of NSW. With one supermarket, three discount
department stores and 120 specialty shops the centre has a
strong presence in its trade area. The centre also currently enjoys
an outdoor dining precinct.
A development application has been approved to expand
the centre to a 75,000m2 regional shopping centre.
Location: Shellharbour, NSW
Acquisition date: June 2003
Ownership/title: 100%/Freehold
Cost including additions: $150.3 million
Independent valuation: June 2009
Valuation/($/m2): $270.0 million ($6,874/m2)
Capitalisation rate: 6.75%
Discount rate: 9.25%
Gross lettable area: 39,278m2
Car parking spaces: 2,196
Annual sales: $218.3 million
Specialty occupancy cost: 14.7%
Major Tenants GLA (m2) L ease Expiry
Kmart 7,460 Nov 2017
Target 7,170 Jul 2015
Coles 3,847 Nov 2012
Harris Scarfe 2,753 Oct 2010
Lease expiry profile
Vacant 0%
FY10 19%
FY11 12%
FY12 7%
FY13 15%
FY14+ 47%
Stockland Green Hills,
NSW
This strong performing centre consists of a Woolworths
supermarket, Big W department store, Coles supermarket,
food court and 90 specialty shops. It is the largest shopping
centre in its trade area.
A development application has been lodged to expand the centre
to a 74,000m2 regional shopping centre.
Location: E ast Maitland, NSW
Acquisition date: December 2000
Ownership/title: 100%/Freehold
Cost including additions: $114.9 million
Independent valuation: June 2009
Valuation/($/m2): $252.7 million ($7,889/m2)
Capitalisation rate: 6.75%
Discount rate: 9.25%
Gross lettable area: 32,033m2
Car parking spaces: 1,600
Annual sales: $308.0million
Specialty occupancy cost: 12.0%
Major Tenants GLA (m2) L ease Expiry
Big W 8,024 Sep 2022
Woolworths 4,871 Sep 2022
Coles 3,702 Sep 2017
Dan Murphy 1,203 Sep 2022
Lease expiry profile
Vacant 0%
FY10 12%
FY11 5%
FY12 11%
FY13 8%
FY14+ 64%
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