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Stockland Bull Creek, WA

Location: Bull Creek, WA
Acquisition date: June 2003
Ownership/title: 100%/Freehold
Cost including additions: $54.1 million
Independent valuation: June 2009
Valuation/($/m2): $75.5 million ($4,514/m2)
Capitalisation rate: 7.50%
Discount rate: 9.50%
Gross lettable area: 16,726m2
Car parking spaces: 920
Annual sales: $114.9 million
Specialty occupancy cost: 14.1%
Major Tenants GLA (m2) L ease Expiry
Target 8,131 Jul 2018
Woolworths 3,426 Nov 2013
This single level sub-regional centre is located 15km south of the Perth CBD. Stockland Bull Creek is anchored by a Woolworths supermarket, Target discount department store and 48 specialty stores and is positioned as a convenience and value centre in its trade area.
Lease expiry profile
Vacant 0%
FY10 13%
FY11 4%
FY12 7%
FY13 4%
FY14+ 72%

Stockland Traralgon, VIC

Location: Traralgon, VIC
Acquisition date: June 2003
Ownership/title: 100%/Freehold
Cost including additions: $46.8 million
Independent valuation: June 2009
Valuation/($/m2): $73.5 million ($3,783/m2)
Capitalisation rate: 7.75%
Discount rate: 9.50%
Gross lettable area: 19,430m2
Car parking spaces: 774
Annual sales: $108.0 million
Specialty occupancy cost: 12.3%
Major Tenants GLA (m2) L ease Expiry
Coles/Kmart 12,844 Nov 2012
Stockland Traralgon is the leading centre in the La Trobe Valley region of Victoria. Located 160km east of Melbourne, the property is classified as a sub-regional centre on a site area of 4.1 hectares. The retail offer includes a Coles supermarket, Kmart discount department store and 41 specialty stores, with extensive undercover parking and a strong community presence.
Lease expiry profile
Vacant 0%
FY10 6%
FY11 3%
FY12 6%
FY13 73%
FY14+ 12%

Stockland Corrimal, NSW

Stockland Corrimal is a neighbourhood centre anchored by a strong Woolworths supermarket. Constructed over a single level on a 2.3 hectare site, 42 specialty stores trade from this shopping centre. Located 7km north of Wollongong, Stockland Corrimal services the convenience shopping requirements for the local trade area.
Location: Corrimal, NSW
Acquisition date: June 2003
Ownership/title: 100%/Freehold
Cost including additions: $38.5 million
Independent valuation: June 2009
Valuation/($/m2): $58.0 million ($5,883/m2)
Capitalisation rate: 7.75%
Discount rate: 9.50%
Gross lettable area: 9,859m2
Car parking spaces: 521
Annual sales: $93.3 million
Specialty occupancy cost: 13.6%
Major Tenants GLA (m2) L ease Expiry
Woolworths 5,974 Jan 2028
Vacant 2%
FY10 11%
FY11 3%
FY12 2%
FY13 11%
FY14+ 71%

 

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