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Stockland Cleveland

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

Location: Cleveland, Qld
Acquisition date:Oct 2002
Cost including additions:$90.3 million
Last Independent Valuation
Date:Dec 2017
Valuation:$118.0 million
Valuation $/m2:$7,608/m²
Capitalisation rate:6.00%
Discount rate:7.50%
Car parking spaces:780
Gross lettable area:15,509 m²
Annual sales:$147.8 million
Speciality occupancy cost:13.3%
Weighted average lease expiry:1.9 years
Green Star rating:N/A
Major TenantsGLA m2Lease Expiry
Woolworths4,031Aug 2019
Coles3,536Oct 2027