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Stockland Shellharbour

The centre is located on the south coast of NSW and is the largest regional shopping centre located within the trade area. It includes Myer, Kmart, Target, Coles, Woolworths, 16 mini-majors and 220 specialty stores.The centre boasts a redeveloped alfresco dining precinct opened in September 2016 with a total of ten casual dining tenancies. The centre also includes two play areas and five star parents’ facilities, there are 2.8 hectares of additional land for future development.

Location: Shellharbour, NSW
Acquisition date: Jun 2003
Ownership/Title: 100%/Freehold
Cost including additions: $516.2 million
Last Independent Valuation
Date: Dec 2017
Valuation: $765 million*
Valuation $/m2: $9,341/m²
Capitalisation rate: 5.50%
Discount rate: 7.25%
Car parking spaces: 3619
Gross lettable area: 81,897 m²
Annual sales: $454.87 million
Speciality occupancy cost: 16.4%
Weighted average lease expiry: 8.5 years
NABERS: 4.0 (Energy) 1.5 (Water)
Green Star rating: 4.0 (As Built) 2.0 (Performance)
Major Tenants GLA m2 Lease Expiry
Target 7,154 Jul 2025
Kmart 6,500 May 2032
Coles 4,660 May 2032
Woolworths 3,870 Dec 2032
Myer 11,939 May 2038
Footnotes
  • * Valuation excludes Lamerton house and Greater union cinema acquisition