Benowa Gardens Shopping Centre, Brisbane
Benowa Gardens is a neighbourhood centre originally constructed in 1992, with the most recent refurbishment completed in 1998. The centre is anchored with a Coles supermarket, has over 40 specialty retailers and is serviced by 437 car spaces.
Benowa is an established suburb, located in the Gold Coast region of Queensland, 3 kilometres west of Surfers Paradise and 70 kilometres south of Brisbane.
Benowa Gardens Shopping Centre is one of three properties in Stockland Direct Retail Trust No. 1. Find out more
| Location: | Cnr Ashmore Road & Benowa Road, Benowa |
|---|---|
| Acquisition Date: | December 2006 |
| Ownership/Title: | 100% / Freehold |
| Independent Valuation: | 31 December 2009 |
| Valuation ($/m2): | $29.5 million ($5,010/m²) |
| Capitalisation Rate: | 8.00% |
| Discount Rate: | 9.75% |
| Net Lettable Area: | 5,376m² |
| Car Parking Spaces: | 437 |
Stockland Capital Partners Limited (ABN 86 078 081 722, AFS Licence No 241188) is the Responsible Entity of Stockland Direct Office Trust No.1 (ARSN 110 688 009), Stockland Direct Office Trust No.2 (ARSN 115 017 466), Stockland Direct Office Trust No.3 (ARSN 124 439 925) stapled to Stockland Holding Trust No.2 (ARSN 132 129 134), and Stockland Direct Retail Trust No.1 (ARSN 121 832 086) and the Fund Manager of Stockland Residential Estates Equity Fund No.1.