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Stockland Forster*

Forster is located on the mid-north coast of NSW and includes Coles, Woolworths, ALDI, Kmart and Target Country. The centre has 69 specialty stores, an outdoor take-away food/café precinct, children’s play area and fully equipped parents' room. The adjoining retail park includes large format retail tenancies including Bunning's Warehouse.

Location: Forster, NSW
Acquisition Date: Jul 2003/May 2010
Ownership/Title: 100%/Freehold
Cost including additions: $117.40 million
Last Independent Valuation
Date: Dec 2015
Valuation: $167.0 million
Valuation $/m2: $4,293/m²
Capitalisation rate: 6.50%
Discount rate: 8.50%
Car parking spaces: 1,196
Gross lettable area: 38,901 m2
Annual sales: $233.70 million
Speciality occupancy cost: 12.00%
Weighted average lease expiry: 3 years
NABERS: 6.0 (Energy) 4.5 (Water)
Green Star rating: 3.0 (Performance)
Major Tenants GLA m2 Lease Expiry
Bunnings 8,310 Mar 2019
Coles 4,083 Jan 2020
Kmart 5,838 Jan 2020
Target 1,487 Nov 2016
Target Country 1,487 Nov 2016