Rockingham Centre

Cfx0001 756X393 0008 Rockingham 2027

Property Details

As at 30 June 2019

Property Description

Rockingham Centre is a single level Regional shopping centre located approximately 40 kilometres south-west of the Perth CBD, in the gateway to WA's growing south-west corridor. It is anchored by Kmart, Target, Coles, Woolworths and Ace Cinemas and includes more than 130 specialty stores. Rockingham Centre opens out to Syren Street, the premier alfresco dining and leisure precinct for the area.

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PROPERTY OVERVIEW

Co-owner (%)

AMP Capital Shopping Centre Fund - 50

Gross lettable area (GLA) (sqm)

62,343

Car spaces

3,229

Occupancy rate by GLA (%)

97.7

Number of tenants

181

Total Trade Area (000’s)

201

Weighted average lease expiry by GLA (years)

2.2

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

RETAIL STATISTICS

Moving annual turnover (MAT) ($m)

391.0

MAT/sqm – Total ($)

7,112

MAT/sqm – Specialty ($)

8,042

Specialty occupancy cost (%)^

17.9

MAJOR TENANTS~

Ace Cinemas

Coles

Kmart

Target

Woolworths

VALUATION

Valuation (External) ($m)*

540.0

Valuation date

June 2019

Capitalisation rate (%)

5.75

Discount rate (%)

7.25

SUSTAINABILITY RATINGS

Green Star – Performance

4 Stars

NABERS Energy rating

4.0 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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