Galleria

Galleria1 756X393
Galleria2 756X393
Galleria 756X393

Property Details

As at 31 December 2017

Property Description

Galleria is a two level Major Regional shopping centre located approximately 8 kilometres north-east of the Perth CBD. It is anchored by Myer, Kmart, Target, Aldi, Coles, Greater Union and Woolworths and includes more than 165 specialty stores. A major redevelopment is expected to commence late in 2018.

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PROPERTY OVERVIEW

GLA (sqm)

82,321

Car spaces

4,086

Occupancy rate by GLA (%)

100.0

Number of tenants

207

Weighted average lease expiry by GLA (years)

3.2

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

RETAIL STATISTICS

Moving annual turnover (MAT) ($m)

492.4

MAT/sqm – Total ($)

6,831

MAT/sqm – Specialty ($)

10,702

Specialty occupancy cost (%)^

19.3

MAJOR TENANTS~

Aldi

Coles

Greater Union

Kmart

Myer

Target

Woolworths

VALUATION

Valuation (External) ($m)*

760.0

Valuation date

December 2017

Capitalisation rate (%)

5.50

Discount rate (%)

7.25

SUSTAINABILITY RATINGS

Green Star – Performance

3 Stars

" Includes holdovers.
^ Includes marketing levy and based on GST inclusive turnover.
* Expressed on 100% basis.
~ Classified in accordance with SCCA guidelines, typically includes department stores, discount department stores and supermarkets.

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