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Stockland Glendale

Located on the northern fringe of Lake Macquarie, this regional centre was the first of the true super centre outdoor shopping concepts combining retail, leisure and entertainment on a large 19.6 hectare site. Anchored by Coles, Woolworths, Kmart, Target, Events theatres, ten mini-majors including TK Maxx, which is complemented by 71 specialty stores and convenient parking for 2,280 cars. A DA has been approved for redevelopment to expand the centre by 7,700 sqm.

Location: Newcastle, NSW
Acquisition date:Mar 1996
Cost including additions:$110.5 million
Last Independent Valuation
Date:Jun 2017
Valuation:$336.0 million
Valuation $/m2:$6,068/m²
Capitalisation rate:5.75%
Discount rate:7.50%
Car parking spaces:2,280
Gross lettable area:55,374 m²
Annual sales:$325.9 million
Speciality occupancy cost:15.5%
Weighted average lease expiry:4.2 years
NABERS:6.0 (Energy) 3.5 (Water)
Green Star rating:3.0 (Performance)
Major TenantsGLA m2Lease Expiry
Target8,522Jul 2021
Kmart6,425Nov 2020
Events Cinemas5,324Dec 2021
Coles5,109Mar 2026
Woolworths4,952Mar 2026