Chadstone

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Cfx0001 756X393 0114 Chatstone Victorias Secret
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Property Details

As at 31 December 2019

Property Description

Chadstone is a two level Super Regional shopping centre located approximately 17 kilometres south-east of the Melbourne CBD. It is anchored by David Jones, Myer, Kmart, Target, ALDI, Coles, Woolworths and HOYTS Cinema and includes more than 400 specialty stores. Chadstone has international flagship stores H&M, Morphe, Uniqlo and Zara as well as an expanded luxury offer and world-class food and entertainment precinct. Hotel Chadstone Melbourne, MGallery by Sofitel opened in November 2019 and features 250 luxury rooms, a rooftop bar, lounge, indoor swimming pool and wellness centre as well as extensive corporate conferencing facilities (www.hotelchadstone.com.au).

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PROPERTY OVERVIEW

Co-owner (%)

Gandel Group - 50

Gross lettable area (GLA) (sqm)

233,243

Car spaces

10,046

Occupancy rate by GLA (%)

99.7

Number of tenants

511

Total Trade Area (000’s)

2,487

Weighted average lease expiry by GLA (years)

6.5

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

RETAIL STATISTICS

Moving annual turnover (MAT) ($m)

2,301.5

MAT/sqm – Total ($)

13,320

MAT/sqm – Specialty ($)

21,130

Specialty occupancy cost (%)^

16.1

MAJOR TENANTS~

ALDI

Coles

David Jones

HOYTS Cinema

Kmart

Myer

Target

Woolworths

VALUATION

Valuation (Internal) ($m)*

6,750.0

Valuation date

December 2019

Capitalisation rate (%)

3.75

Discount rate (%)

6.00

SUSTAINABILITY RATINGS

Green Star – Performance

4 Star

NABERS Energy rating

4 Star

NABERS Water rating

3.5 Star

" 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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