Stockland Wetherill Park
Wetherill Park has recently undergone a $228 million redevelopment with stage two completed in December 2015. The new look centre now features Coles, Woolworths, Big W, a refurbished Target; nine mini-majors and 200 specialties. It also includes an entertainment, dining and leisure precinct with a refurbished 12 screen Hoyts cinema, 24 hour gym and a range of alfresco dining options. The refurbishment of the Fresh Food precinct is the final stage of the development, which will be completed in September 2016.
| Location: Western Sydney, NSW | ||
|---|---|---|
| Acquisition Date: | Aug 1983 | |
| Ownership/Title: | 100%/Freehold | |
| Cost including additions: | $331.70 million | |
| Last Independent Valuation | ||
| Date: | Dec 2011 | |
| Valuation: | $358.0 million | |
| Valuation $/m2: | $6,534/m²## | |
| Capitalisation rate: | 6.75% | |
| Discount rate: | 9.00% | |
| Car parking spaces: | 2,637 | |
| Gross lettable area: | 71,356 m2 | |
| Annual sales: | $312.2 million^^ | |
| Speciality occupancy cost: | N/A | |
| Weighted average lease expiry: | 7.6 years | |
| NABERS: | N/A | |
| Green Star rating: | 5.0 (Design) | |
| Major Tenants | GLA m2 | Lease Expiry |
| Big W | 8,097 | Jun 2025 |
| Coles | 4,193 | Dec 2035 |
| Hoyts | 4,613 | Nov 2043 |
| Target | 7,020 | Jul 2028 |
| Woolworths | 4,346 | Jun 2021 |
| Footnotes | ||
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