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 2019

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 international retailers JD Sports, H&M, Sephora and Uniqlo as well as HOYTS Cinema and more than 220 specialty stores. The centre is complemented by a popular 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)

98,926

Car spaces

4,640

Occupancy rate by GLA (%)

99.6

Number of tenants

271

Total Trade Area (000’s)

458

Weighted average lease expiry by GLA (years)

6.0

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

RETAIL STATISTICS

Moving annual turnover (MAT) ($m)

542.3

MAT/sqm – Total ($)

6,054

MAT/sqm – Specialty ($)

9,242

Specialty occupancy cost (%)^

18.4

MAJOR TENANTS~

ALDI

Coles

HOYTS Cinema

Kmart

Myer

Target

Woolworths

VALUATION

Valuation (External) ($m)*

988.1

Valuation date

June 2019

Capitalisation rate (%)

5.25

Discount rate (%)

7.00

SUSTAINABILITY RATINGS

Green Star – Performance

4 Stars

NABERS Energy rating

3.5 Stars

NABERS Water rating

4.0 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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