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Stockland Cleveland

Located 25 kilometres south-east of the Brisbane CBD, Stockland Cleveland is a successful example of an integrated town centre development. The centre comprises two separate malls, with two strongly performing anchors Coles, Woolworths and 60 specialty stores. Around 9,000 sqm of adjoining land with development potential was purchased in 2017.

Location: Cleveland, Qld
Acquisition date: Oct 2002
Ownership/Title: 100%/Freehold
Cost including additions: $88.5 million
Last Independent Valuation
Date: Dec 2017
Valuation: $118 million
Valuation $/m2: $7,533/m²
Capitalisation rate: 6.00%
Discount rate: 7.50%
Car parking spaces: 780
Gross lettable area: 15,663 m²
Annual sales: $146.69 million
Speciality occupancy cost: 14.1%
Weighted average lease expiry: 2 years
NABERS: N/A
Green Star rating: N/A
Major Tenants GLA m2 Lease Expiry
Woolworths 4,031 Aug 2019
Coles 3,536 Oct 2027