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Stockland Glendale

Located on the northern fringe of Lake Macquarie, Stockland Glendale 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 and Target plus ten mini-majors, including TK Maxx which is complemented by 71 specialty stores and convenient parking for 2,287 cars. A DA has been approved for redevelopment to expand the centre by 7,700 sqm.

Location: Newcastle, NSW
Acquisition date: Mar 1996
Ownership/Title: 100%/Freehold
Cost including additions: $106.6 million
Last Independent Valuation
Date: Jun 2017
Valuation: $336 million
Valuation $/m2: $6,062/m²
Capitalisation rate: 5.75%
Discount rate: 7.50%
Car parking spaces: 2287
Gross lettable area: 55,426 m²
Annual sales: $324.42 million
Speciality occupancy cost: 15.8%
Weighted average lease expiry: 4.6 years
NABERS: 6.0 (Energy) 3.5 (Water)
Green Star rating: 3.0 (Performance)
Major Tenants GLA m2 Lease Expiry
Target 8,522 Jul 2021
Kmart 6,425 Nov 2020
Events Cinemas 5,324 Dec 2021
Coles 5,109 Mar 2026
Woolworths 4,952 Mar 2026