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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 74 specialty stores. The casual dining precinct opened in 2015 together with a medical precinct. The centre is supported by extensive car parking, 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: $62.6 million
Last Independent Valuation
Date: Dec 2017
Valuation: $150 million
Valuation $/m2: $7,372/m²
Capitalisation rate: 6.75%
Discount rate: 7.75%
Car parking spaces: 900
Gross lettable area: 20,346 m²
Annual sales: $154.21 million
Speciality occupancy cost: 16.0%
Weighted average lease expiry: 9 years
NABERS: 4.5 (Energy) 1.0 (Water)
Green Star rating: 3.0 (Performance)
Major Tenants GLA m2 Lease Expiry
Big W 7,944 Jun 2029
Woolworths 3,053 Jun 2035
ALDI 1,473 Jun 2025