Pacific Pines Shopping Centre, Brisbane
Pacific Pines Shopping Centre was developed by Stockland as part of a master planned community. It comprises of a Woolworths supermarket, 10 specialty shops, a medical centre and 355 car spaces. A stand alone commercial building leased to Stockland as a sales office for residential sales also forms part of the Property.
Pacific Pines is a recently developed master planned community, situated in the northern Gold Coast region of Queensland, near Helensvale. It is 60 kilometres south of Brisbane and 12 kilometres north-west of Surfers Paradise.
Pacific Pines Shopping Centre is one of three properties in Stockland Direct Retail Trust No. 1. Find out more
| Location: | Cnr Pacific Pines Boulevard & Pitcairn Way, Pacific Pines |
|---|---|
| Acquisition Date: | December 2006 |
| Ownership/Title: | 100% / Freehold |
| Independent Valuation: | 31 December 2009 |
| Valuation ($/m2): | $18.5 million ($3,349/m²) |
| Capitalisation Rate: | 7.50% |
| Discount Rate: | 9.25% |
| Net Lettable Area: | 5,518m² |
| Car Parking Spaces: | 355 |
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.