DFO South Wharf

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Property Details

As at 31 December 2018

Property Description

DFO South Wharf is a two level Outlet Centre located on the Yarra River close to Docklands and Melbourne's CBD. The centre comprises more than 165 outlet retailers including Armani Outlet, Michael Kors, Coach and Kate Spade and an exclusive collection of sporting and active apparel outlets. The adjoining Homemaker Hub comprises over 10 large format stores. With restaurants, bars and cafes adjacent to the centre, DFO South Wharf is a retail and dining destination for Melbourne residents and tourists.

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PROPERTY OVERVIEW

Gross lettable area (GLA) (sqm)

56,371

Car spaces

3,067

Occupancy rate by GLA (%)

100.0**

Number of tenants

203

Weighted average lease expiry by GLA (years)

2.2

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

RETAIL STATISTICS

Moving annual turnover (MAT) ($m)

427.4

MAT/sqm – Total ($)

10,767

MAT/sqm – Specialty ($)

10,316

Specialty occupancy cost (%)^

11.2^^

VALUATION

Valuation (External) ($m)*

705.0

Capitalisation rate (%)

5.50

Discount rate (%)

7.25

SUSTAINABILITY RATINGS

Green Star – Performance

2 Stars

NABERS Energy rating

1.0 Star

NABERS Water rating

2.0 Stars

" Includes holdovers.
^ Includes marketing levy and based on GST inclusive turnover.
** Excludes Homemaker retailers.
^^ Acquired 50% in 2010; acquired 25% in 2014 and acquired final 25% in 2017.
* Expressed on 100% basis.
~ Classified in accordance with SCCA guidelines, typically includes department stores, discount department stores, supermarkets and cinemas.

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