Chadstone

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Cfx0001 756X393 0114 Chatstone Victorias Secret
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Property Details

As at 30 June 2019

Property Description

Chadstone is a two level Super Regional shopping centre located approximately 17 kilometres south-east of the Melbourne CBD. It is anchored by David Jones, Myer, Kmart, Target, ALDI, Coles, Woolworths and HOYTS Cinema and includes more than 410 specialty stores. In October 2016, Chadstone completed a successful major development incorporating international flagship stores, an expanded luxury offer and a world-class food and entertainment precinct. Hotel Chadstone will open on site in November 2019.

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PROPERTY OVERVIEW

Co-owner (%)

Gandel Group - 50

Gross lettable area (GLA) (sqm)

215,574

Car spaces

10,089

Occupancy rate by GLA (%)

99.7

Number of tenants

520

Total Trade Area (000’s)

2,263

Weighted average lease expiry by GLA (years)

6.5

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

RETAIL STATISTICS

Moving annual turnover (MAT) ($m)

2,210.5

MAT/sqm – Total ($)

13,005

MAT/sqm – Specialty ($)

20,020

Specialty occupancy cost (%)^

16.3

MAJOR TENANTS~

ALDI

Coles

David Jones

HOYTS Cinema

Kmart

Myer

Target

Woolworths

VALUATION

Valuation (External) ($m)*

6,500.0

Valuation date

June 2019

Capitalisation rate (%)

3.75

Discount rate (%)

6.00

SUSTAINABILITY RATINGS

Green Star – Performance

4 Stars

NABERS Energy rating

4.0 Stars

NABERS Water rating

3.5 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, supermarkets and cinemas.

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