DFO South Wharf

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Property Details

As at 31 December 2019

Property Description

DFO South Wharf is a multi-level Outlet Centre located on the Yarra River close to Docklands on the south-western fringe of Melbourne's CBD. The centre comprises more than 165 outlet retailers including Armani Outlet, Coach, Kate Spade and Michael Kors and an exclusive collection of sporting and active apparel outlets. With the adjoining Homemaker Hub comprising more than 10 large format stores, and the South Wharf Promenade including over 15 restaurants, bars and cafes, 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)

55,740

Car spaces

3,104

Occupancy rate by GLA (%)

100.0**

Number of tenants

205

Total Trade Area (000’s)

2,929

Weighted average lease expiry by GLA (years)

2.3

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

RETAIL STATISTICS

Moving annual turnover (MAT) ($m)

450.5

MAT/sqm – Total ($)

12,114

MAT/sqm – Specialty ($)

11,229

Specialty occupancy cost (%)^

10.9**

VALUATION

Valuation (External) ($m)*

735.0

Valuation date

December 2019

Capitalisation rate (%)

5.50

Discount rate (%)

7.00

SUSTAINABILITY RATINGS

Green Star – Performance

3 Star

NABERS Energy rating

1.5 Star

NABERS Water rating

2 Star

" Includes holdovers.
^ Includes marketing levy and based on GST inclusive turnover.
** MAT $/sqm, specialty occupancy costs and occupancy data exclude Homemaker retailers.
^^ Acquired 50% in 2010; acquired 25% in 2014 and acquired 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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