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Stockland Lilydale,
VIC
Location: Lilydale, VIC
Acquisition date: September 2007
Ownership/title: 100%/Freehold
Cost including additions: $31.7million
Independent valuation: June 2009
Valuation/($/m2): $26.5 million ($3,028/m2)
Capitalisation rate: 8.25%
Discount rate: 9.50%
Gross lettable area: 8,751m2
Car parking spaces: 544
Annual sales: $64.3 million
Specialty occupancy cost: 8.2%
Major Tenants GLA (m2) L ease Expiry
Safeway 3,442 Jan 2020
Stockland Lilydale is located within the Shire of Yarra Ranges,
approximately 35km north-east of the Melbourne CBD.
The centre has a GLA of 8,750m2 and was built in 1999. It is
anchored by a Safeway supermarket, Safeway liquor and
discount retailer Go-Lo. There are 32 specialty stores which help
position the centre as a convenient, fresh food centre.
A DA has been submitted to expand the current centre.
Lease expiry profile
Vacant 9%
FY10 29%
FY11 1%
FY12 7%
FY13 3%
FY14+ 51%
Jimboomba Village Shopping Centre,
QLD
A 50% interest together with management and development rights
and associated land parcels were acquired in the Jimboomba Village
Shopping Centre in 2007.
Jimboomba Village shopping centre has a GLA of over 11,000m2
including a Woolworths supermarket, Woolworths Plus Petrol,
Mitre 10 hardware and 37 specialty stores.
A DA has been submitted on adjacent land to create an extended
retail offer.
Location: Jimboomba, QLD
Acquisition date: January 2007
Ownership/title: 50%/Freehold
Cost including additions: $24.8 million
Independent valuation: June 2009
Valuation/($/m2): $17.0 million ($3,036/m2*)
Capitalisation rate: 8.50%
Discount rate: 9.75%
Gross lettable area: 11,199m2
Car parking spaces: 470
Annual sales: $46.1 million
Specialty occupancy cost: 8.4%
Major Tenants GLA (m2) L ease Expiry
Woolworths 3,716 Dec 2017
Lease expiry profile
Vacant 0%
FY10 18%
FY11 7%
FY12 6%
FY13 10%
FY14+ 59%
Burleigh Central,
QLD
The centre adjoins Stockland Burleigh Heads with seven large
format tenants including Rip Curl and Spotlight.
This is a strategic land holding for the centre.
Location: Burleigh Heads, QLD
Acquisition date: August 2003
Ownership/title: 100%/Freehold
Cost including additions: $15.0 million
Independent valuation: June 2009
Valuation/($/m2): $14.3 million ($1,807/m2)
Capitalisation rate: 8.75%
Discount rate: 10.00%
Gross lettable area: 7,914m2
Car parking spaces: 242
Annual sales: $4.4 million
Specialty occupancy cost: N/A
Major Tenants GLA (m2) L ease Expiry
Spotlight 2,700 Jan 2013
Sam's Warehouse 2,173 Apr 2010
Rip Curl 1,304 Nov 2013
Lease expiry profile
Vacant 0%
FY10 27%
FY11 0%
FY12 0%
FY13 34%
FY14+ 39%
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