Galleria

Galleria1 756X393
Galleria2 756X393
Galleria 756X393

Property Details

As at 31 December 2020

Property Description

Galleria is a two level Major Regional shopping centre located approximately 9 kilometres north-east of the Perth CBD. It is anchored by Myer, Kmart, Target, ALDI, Coles, Woolworths and Greater Union and includes more than 135 specialty stores.

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PROPERTY OVERVIEW

Co-owner (%)

Perron Investments Pty Ltd - 50

Gross lettable area (GLA) (sqm)

81,390

Car spaces

3,999

Occupancy rate by GLA (%)

95.6

Number of tenants

172

Total Trade Area (000’s)

370

Weighted average lease expiry by GLA (years)

4.5

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

VALUATION

Valuation (External) ($m)*

485.0

Valuation date

December 2020

Capitalisation rate (%)

6.00

Discount rate (%)

6.75

SUSTAINABILITY RATINGS

Green Star – Performance

4 Stars

NABERS Energy rating

4.5 Stars

NABERS Water rating

4 Stars

MAJOR TENANTS~

ALDI

Coles

Greater Union

Kmart

Myer

Target

Woolworths

Some asset metrics have not been reported this period due to COVID-19 impacts.
" Includes holdovers.
* Expressed on 100% basis.
~ Classified in accordance with SCCA guidelines, typically includes department stores, discount department stores, supermarkets and cinemas.

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