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Stockland Kensington

Stockland Kensington is a new shopping centre established in April 2017, anchored by Coles, Reject Shop, Liquorland and eight specialty stores. The centre offers customers everyday convenience with ample covered car parking and easy access. Specialty stores include a great selection of food and coffee retailers, a bakery and beauty services. The centre is situated directly across the road from the main Stockland Bundaberg centre in an expanding retail and commercial precinct.

Location: Kensington, Qld
Acquisition date:Oct 2014
Cost including additions:$30.0 million
Last Independent Valuation
Date:Jun 2018
Valuation:$30.5 million
Valuation $/m2:$5,081/m²
Capitalisation rate:6.25%
Discount rate:7.00%
Car parking spaces:267
Gross lettable area:6,003 m²
Annual sales:$39.7 million
Speciality occupancy cost:N/A
Weighted average lease expiry:11.5 years
Green Star rating:N/A
Major TenantsGLA m2Lease Expiry
Coles4,639Mar 2032