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Stockland Piccadilly,
NSW
Stockland Piccadilly is a two level shopping centre located
in Sydney's premier CBD retail precinct, 150 metres from
Pitt Street mall and opposite the Hilton International Hotel.
The centre has main entrances from both Pitt and
Castlereagh Streets and adjoining thoroughfare to David Jones
on Market Street.
Piccadilly has been recently refurbished to include a new
child care centre The Treehouse.
Location: Sydney CBD, NSW
Acquisition date: October 2000
Ownership/title: 100%/Leasehold
Cost including additions: $38.2 million
Independent valuation: June 2009
Valuation/($/m2): $52.5 million ($10,032/m2)
Capitalisation rate: 7.50%
Discount rate: 9.25%
Gross lettable area: 5,233m2
Car parking spaces: N/A
Annual sales: $19.9 million
Specialty occupancy cost: 19.3%
Major Tenants GLA (m2) L ease Expiry
N/A
Lease expiry profile
Vacant 0%
FY10 10%
FY11 7%
FY12 9%
FY13 11%
FY14+ 63%
Stockland Wallsend,
NSW
Stockland Wallsend is located approximately 10km north-west
of the Newcastle CBD. The centre has a GLA of over 11,000m2
and provides the Wallsend community with both Coles and ALDI
supermarkets and over 40 specialty stores as well as an extensive
range of services including; RTA, Medicare, Australia Post and
Banks.
Location: Wallsend, NSW
Acquisition date: September 2007
Ownership/title: 100%/Freehold
Cost including additions: $61.8 million
Independent valuation: June 2009
Valuation/($/m2): $50.0 million ($4,285/m2)
Capitalisation rate: 7.75%
Discount rate: 9.50%
Gross lettable area: 11,668m2
Car parking spaces: 585
Annual sales: $73.8 million
Specialty occupancy cost: 9.3%
Major Tenants GLA (m2) L ease Expiry
Coles 4,185 Oct 2012
ALDI 1,292 Jun 2010
Lease expiry profile
Vacant 2%
FY10 25%
FY11 1%
FY12 7%
FY13 40%
FY14+ 25%
Shellharbour Retail Park,
NSW
This successful big box development combines a range
of retailers in a convenient retail park format.
Anchors include a Woolworths supermarket and Bunnings
Hardware store. The property is located in close proximity
to Stockland Shellharbour on New Lake Entrance Road.
Location: Shellharbour, NSW
Acquisition date: June 2003
Ownership/title: 100%/Freehold
Cost including additions: $34.6 million
Independent valuation: June 2009
Valuation/($/m2): $44.0 million ($1,987/m2)
Capitalisation rate: 8.25%
Discount rate: 9.75%
Gross lettable area: 22,145m2
Car parking spaces: 785
Annual sales: $122.5 million
Specialty occupancy cost: N/A
Major Tenants GLA (m2) L ease Expiry
Bunnings 7,762 Feb 2013
Woolworths 4,370 Nov 2018
Lease expiry profile
Vacant 1%
FY10 13%
FY11 7%
FY12 2%
FY13 37%
FY14+ 40%
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