Stockland Wetherill Park
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 | ||
|---|---|---|
| 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 |