Northland

Cfx0001 756X393 0024 Northland 2751
Cfx0001 756X393 0023 Northland 028
Cfx0001 756X393 0022 Northland 0174
Cfx0001 756X393 0021 Northland 8359
Cfx0001 756X393 0020 Northland 8313
Cfx0001 756X393 0025 Northland 053

Property Details

As at 30 June 2021

Property Description

Northland is a two level Major Regional shopping centre located approximately 13 kilometres north-east of the Melbourne CBD. It is anchored by Myer, Kmart, Target, ALDI, Coles, Woolworths and HOYTS Cinemas and includes international retailers H&M, JD Sports, Sephora, UNIQLO and more than 210 specialty stores. The centre is complemented by an outdoor entertainment and dining precinct and features facilities such as a 'Quiet Room' and Changing Places 'High Care Lounge'.

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PROPERTY OVERVIEW

Co-owner (%)

GPT Wholesale Shopping Centre Fund - 50

Gross lettable area (GLA) (sqm)

97,755

Car spaces

4,640

Occupancy rate by GLA (%)

97.7

Number of tenants

253

Total Trade Area (000’s)

499

Weighted average lease expiry by GLA (years)

4.9

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

VALUATION

Valuation (External) ($m)*

805.0

Valuation date

June 2021

Capitalisation rate (%)

5.50

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

HOYTS Cinemas

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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