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Stockland Bathurst,
NSW
Stockland Bathurst is located in the CBD of Bathurst in the central
west of NSW.
Stockland Bathurst consists of a Woolworths supermarket,
Big W and a Target discount department store and over
45 specialty stores. The centre also provides convenient
undercover parking for 530 cars.
Location: Bathurst, NSW
Acquisition date: June 2003
Ownership/title: 100%/Freehold
Cost including additions: $55.0 million
Independent valuation: June 2009
Valuation/($/m2): $78.0 million ($4,020/m2)
Capitalisation rate: 7.75%
Discount rate: 9.50%
Gross lettable area: 19,402m2
Car parking spaces: 530
Annual sales: $138.4 million
Specialty occupancy cost: 11.0%
Major Tenants GLA (m2) L ease Expiry
Big W 6,150 Mar 2010
Target 5,973 Nov 2019
Woolworths 2,940 Nov 2009
Lease expiry profile
Vacant 0%
FY10 59%
FY11 3%
FY12 3%
FY13 1%
FY14+ 34%
Stockland Caloundra,
QLD
Located within the Southern part of the Sunshine Coast, in a
strong population growth corridor. Stockland Caloundra includes
a Coles supermarket, Kmart discount department store and
50 specialty stores.
The centre is in close proximity to, and forms part of, the
Caloundra town centre.
There is over 1 hectare of land adjacent for future expansion.
Location: Caloundra, QLD
Acquisition date: June 2003
Ownership/title: 100%/Freehold
Cost including additions: $49.9 million
Independent valuation: June 2009
Valuation/($/m2): $77.0 million ($4,898/m2)
Capitalisation rate: 7.25%
Discount rate: 9.50%
Gross lettable area: 15,722m2
Car parking spaces: 870
Annual sales: $121.3 million
Specialty occupancy cost: 9.9%
Major Tenants GLA (m2) L ease Expiry
Kmart 7,075 Mar 2012
Coles 3,957 Jul 2020
Lease expiry profile
Vacant 0%
FY10 9%
FY11 8%
FY12 51%
FY13 2%
FY14+ 30%
Stockland Cleveland,
QLD
Located approximately 25km south-east of the Brisbane CBD,
Stockland Cleveland is a successful example of a Town Centre
development designed around a main street.
The centre comprises of two separate malls, anchored by Coles
and Woolworths supermarkets and approximately 60 specialty
stores.
Location: Cleveland, QLD
Acquisition date: October 2002
Ownership/title: 100%/Freehold
Cost including additions: $68.7 million
Independent valuation: June 2009
Valuation/($/m2): $75.5 million ($4,806/m2)
Capitalisation rate: 7.50%
Discount rate: 9.75%
Gross lettable area: 15,711m2
Car parking spaces: 780
Annual sales: $125.3 million
Specialty occupancy cost: 11.8%
Major Tenants GLA (m2) L ease Expiry
Woolworths 4,031 Aug 2009
Coles 3,536 Oct 2017
Lease expiry profile
Vacant 0%
FY10 40%
FY11 4%
FY12 9%
FY13 5%
FY14+ 42%
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