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Stockland Forster,
NSW
Location: Forster, NSW
Acquisition date: July 2003
Ownership/title: 100%/Freehold
Cost including additions: $96.4 million
Independent valuation: June 2009
Valuation/($/m2): $114.0 million ($3,293/m2)
Capitalisation rate: 7.25%
Discount rate: 9.50%
Gross lettable area: 34,615m2
Car parking spaces: 830
Annual sales: $172.6 million
Specialty occupancy cost: 11.9%
Major Tenants GLA (m2) L ease Expiry
Bunnings 8,008 Mar2014
Kmart 5,838 Jan 2010
Coles 4,083 Jan 2010
Target Country 1,500 Nov 2016
ALDI 1,428 Nov 2016
Located on the mid north coast of NSW, this centre consists of
a Coles, K Mart, Target Country and Aldi. The adjacent Retail Park
includes a flagship Bunnings Warehouse.
Stockland Forster has over 75 specialty stores including
an outdoor take-away food/café precinct, children's play area
and fully equipped “First Choice” Parents Room.
Lease expiry profile
Vacant 0%
FY09 30%
FY10 0%
FY11 15%
FY12 10%
FY13+ 45%
Stockland Baulkham Hills,
NSW
This highly convenient food anchored centre is located 30km
north-west of the Sydney CBD, close
to the M2 Motorway. The Hills District is one of Sydney's largest
urban areas with strong population growth.
Stockland Baulkham Hills is a unique centre that consists of an
ALDI, Coles and Woolworths supermarket as well as Harris Farm.
With a GLA of 17,770m2 the centre has 100 specialty stores, a
brand new 3 level car park accommodating over 840 car spaces,
an outdoor children's play area, a fully equipped ‘First Choice'
Parents Room as well as a unique community room.
Location: Baulkham Hills, NSW
Acquisition date: September 1982
Ownership/title: 100%/Freehold
Cost including additions: $82.5 million
Independent valuation: June 2009
Valuation/($/m2): $100.0 million ($5,628/m2)
Capitalisation rate: 7.50%
Discount rate: 9.25%
Gross lettable area: 17,767m2
Car parking spaces: 840
Annual sales: $117.3 million
Specialty occupancy cost: 19.5%
Major Tenants GLA (m2) L ease Expiry
Woolworths 3,415 Oct 2027
Coles 3,034 Jun 2027
ALDI 1,429 Dec 2011
Lease expiry profile
Vacant 2%
FY10 6%
FY11 4%
FY12 17%
FY13 13%
FY14+ 58%
Stockland Wendouree,
VIC
Located in the historic city of Ballarat, 110kms west of Melbourne
this sub-regional shopping centre accommodates 78 specialty
stores, new fresh food precinct as well as Safeway, Kmart, Go-Lo
and a Coles supermarket.
The centre also includes a fully equipped ‘First Choice' Parents
Room as well as the Regional Library.
Location: Wendouree, VIC
Acquisition date: June 2003
Ownership/title: 100%/Freehold
Cost including additions: $64.1 million
Independent valuation: June 2009
Valuation/($/m2): $99.0 million ($3,974/m2)
Capitalisation rate: 7.50%
Discount rate: 9.25%
Gross lettable area: 24,915m2
Car parking spaces: 1,276
Annual sales: $145.1 million
Specialty occupancy cost: 13.0%
Major Tenants GLA (m2) L ease Expiry
Kmart 7,831 May 2013
Safeway 3,463 Nov 2010
Coles 3,252 Aug 2022
Lease expiry profile
Vacant 1%
FY10 7%
FY11 23%
FY12 8%
FY13 39%
FY14+ 22%
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