This retail town centre underwent a $228 million redevelopment, completed in September 2016. The new look centre now features a new Coles, Woolworths, Big W, a refurbished Target, 11 mini-majors, 190 specialties and a revitalised fresh food precinct. It also includes an entertainment, alfresco dining and leisure precinct with a refurbished 12 screen Hoyts cinema and 24 hour gym, plus a full range of medical and dental services. Winner National PCA/RLB Innovation and Excellence Awards for 2018, best shopping centre development and most sustainable development.
Location: Wetherill Park, NSW | ||
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Acquisition date: | Aug 1983 | |
Ownership/Title: | 100%/Freehold | |
Cost including additions: | $349.6 million | |
Last Independent Valuation | ||
Date: | Dec 2017 | |
Valuation: | $765.0 million | |
Valuation $/m2: | $11,071/m² | |
Capitalisation rate: | 5.25% | |
Discount rate: | 7.00% | |
Car parking spaces: | 2,637 | |
Gross lettable area: | 69,100 m² | |
Annual sales: | $380.1 million | |
Speciality occupancy cost: | 18.2% | |
Weighted average lease expiry: | 8.9 years | |
NABERS: | 3.0 (Energy) 3.0 (Water) | |
Green Star rating: | 5.0 (As-built) | |
Major Tenants | GLA m2 | Lease Expiry |
Big W | 8,097 | Jun 2025 |
Target | 7,020 | Jul 2028 |
Hoyts | 5,313 | Nov 2043 |
Woolworths | 4,346 | Jun 2021 |
Coles | 4,193 | Dec 2035 |