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Stockland Jesmond

Located in the suburb of Jesmond, Newcastle, the centre is constructed on five hectares and anchored by Woolworths, ALDI and Big W as well as 75 specialty stores. A brand new casual dining precinct opened in March 2015 together with a new medical precinct. The centre is supported by extensive car parking, a new parents’ room and public transport facilities. The centre is located in close proximity to the University of Newcastle.

Location: Newcastle, NSW
Acquisition Date: Feb 1984
Ownership/Title: 100%/Freehold
Cost including additions: $59.00 million
Last Independent Valuation
Date: Dec 2015
Valuation: $160.0 million
Valuation $/m2: $8,002/m²
Capitalisation rate: 6.50%
Discount rate: 8.00%
Car parking spaces: 900
Gross lettable area: 19,995 m2
Annual sales: $156.30 million
Speciality occupancy cost: 13.90%
Weighted average lease expiry: 9.8 years
NABERS: 4.5 (Energy) 2.0 (Water)
Green Star rating: 3.0 (Performance)
Major Tenants GLA m2 Lease Expiry
ALDI 1,473 Jun 2025
Big W 7,944 Jun 2029
Woolworths 3,053 Jun 2035