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Stockland Baldivis,
WA
Location: Baldivis, WA
Acquisition date: August 2006
Ownership/title: 100%/Freehold
Cost including additions: $30.7 million
Independent valuation: June 2009
Valuation/($/m2): $38.9 million ($5,986/m2)
Capitalisation rate: 7.75%
Discount rate: 9.25%
Gross lettable area: 6,498m2
Car parking spaces: 380
Annual sales: $49.6 million
Specialty occupancy cost: 11.3%
Major Tenants GLA (m2) L ease Expiry
Coles 3,205 May 2027
Stockland Baldivis is a recently developed shopping centre
located 8km from Rockingham City, in one of Western Australia's
fastest growing communities and is adjacent to Stockland's
residential community, Settlers Hills.
This greenfield development has created a gross lettable
area of 6,498m2, which includes a full line Coles supermarket,
over 20 specialty stores, and a convenient car park consisting
of 380 car spaces.
There is almost 6 hectares of land adjacent for future expansion.
Lease expiry profile
Vacant 0%
FY10 0%
FY11 0%
FY12 2%
FY13 9%
FY14+ 89%
Stockland Riverton,
WA
Stockland Riverton is a sub-regional shopping centre located
south-west of Perth. The centre consists of a Woolworths
supermarket, Big W discount department store, 40 specialty
stores and four pad sites.
The centre is currently located on 6.3 hectares and the current
site utilisation and centre performance provides excellent
development potential.
Development works are currently underway to increase
the centre to 20,000m2 including a full refurbishment.
Location: Riverton, WA
Acquisition date: August 2006
Ownership/title: 50%/Freehold
Cost including additions: $39.6 million
Independent valuation: June 2007
Valuation/($/m2): $38.8 million ($4,509/m2*)
Capitalisation rate: 6.25%
Discount rate: 8.50%
Gross lettable area: 17,211m2
Car parking spaces: 1,242
Annual sales: $102.2 million
Specialty occupancy cost: 8.9%
Major Tenants GLA (m2) L ease Expiry
Big W 7,294 Sep 2011
Woolworths 3,963 Sep 2011
Lease expiry profile
Vacant 0%
FY09 24%
FY10 4%
FY11 66%
FY12 3%
FY13+ 3%
Stockland Cammeray,
NSW
Location: Cammeray, NSW
Acquisition date: December 2008
Ownership/title: 100%/Freehold
Cost including additions: $52.9 million
Independent valuation: June 2009
Valuation/($/m2): $29.0 million ($5,823/m2)
Capitalisation rate: 7.75%
Discount rate: 9.50%
Gross lettable area: 4,980m2
Car parking spaces: 80
Annual sales: $9.2 million
Specialty occupancy cost: N/A
Major Tenants GLA (m2) L ease Expiry
Harris Farm 716 Oct 2023
Lease expiry profile
Stockland Cammeray is a new 5,000sqm centre, located in the
Northern Suburbs of Sydney, approximately 7km from the CBD.
The centre, anchored by Harris Farm, provides a unique
combination of boutique specialty retailers. There is a focus
on fresh food including restaurants and iconic Sydney fine food
retailers such as Simone Logue and Hudson Meats.
The centre also includes a childcare centre and approximately
2,000m2 of office space.
Vacant 48%
FY10 0%
FY11 0%
FY12 0%
FY13 0%
FY14+ 52%
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