The Myer Centre Brisbane

Cfx0001 756X393 0031 Myer Centre Brisbane 2013
Cfx0001 756X393 0030 Myer Centre Brisbane 010
Cfx0001 756X393 0029 Myer Centre Brisbane 005
Cfx0001 756X393 0028 Myer Centre Brisbane 2884

Property Details

As at 31 December 2020

Property Description

The Myer Centre Brisbane is a six level City Centre located in the heart of Brisbane's CBD on Queen Street Mall. This CBD retail destination is anchored by Myer, Target, Coles Central and Event Cinemas and includes more than 125 specialty stores.

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PROPERTY OVERVIEW

Co-owner (%)

ISPT Core Fund - 75

Gross lettable area (GLA) (sqm)

63,219

Car spaces

1,450

Occupancy rate by GLA (%)

n.a.**

Number of tenants

149

Total Trade Area (000’s)

1,296

Weighted average lease expiry by GLA (years)

5.3

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

VALUATION

Valuation (External) ($m)*

505.0

Valuation date

December 2020

Capitalisation rate (%)

5.75

Discount rate (%)

6.75

SUSTAINABILITY RATINGS

Green Star – Performance

3 Stars

NABERS Energy rating

3.5 Stars

NABERS Water rating

3 Stars

MAJOR TENANTS~

Coles Central

Event Cinemas

Myer

Target

Some asset metrics have not been reported this period due to COVID-19 impacts.
" Includes holdovers.
** Occupancy rate non-comparable for reporting purposes.
^^ Acquired 100% in 1998, divested 50% in 2002 and divested a further 25% in 2006.
* Expressed on 100% basis.
~ Classified in accordance with SCCA guidelines, typically includes department stores, discount department stores, supermarkets and cinemas.

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