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Stockland Green Hills

This strongly performing centre includes Woolworths, Coles, Big W, a food court and 90 specialty stores and is ranked number one in Australia for specialty MAT/sqm in The Shopping Centre News Little Guns 2015. Work has commenced on a $372 million expansion of the centre, which allows for a brand new David Jones, Target, up to eight mini-majors, outdoor dining precinct, with over 230 specialty stores and expanding to 3,100 parking spaces upon completion early 2018. A DA was secured in May 2016 for the establishment of a full scale cinema.

Location: East Maitland, NSW
Acquisition Date: Dec 2000
Ownership/Title: 100%/Freehold
Cost including additions: $152.40 million
Last Independent Valuation
Date: Sep 2015
Valuation: $354.0 million
Valuation $/m2: $11,122/m²##
Capitalisation rate: 5.75%
Discount rate: 8.00%
Car parking spaces: 1,172
Gross lettable area: 41,590 m2
Annual sales: $325.10 million
Speciality occupancy cost: N/A
Weighted average lease expiry: 5.4 years
NABERS: 3.5 (Energy) 3.0 (Water)
Green Star rating: 3.0 (Performance)
Major Tenants GLA m2 Lease Expiry
Big W 8,024 Sep 2022
Coles 3,702 Sep 2017
Woolworths 4,871 Sep 2022
Footnotes
  • NB Includes vacancies held for development
  • ## Pre-development valuation