Emporium Melbourne

Cfx0001 756X393 0066 Emporium Melbourne 6032
Cfx0001 756X393 0065 Emporium Melbourne 009
Cfx0001 756X393 0064 Emporium Melbourne 031
Cfx0001 756X393 0063 Emporium Melbourne 063
Cfx0001 756X393 0062 Emporium Melbourne 073
Cfx0001 756X393 0061 Emporium Melbourne 4001
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Property Details

As at 31 December 2019

Property Description

Emporium Melbourne is an eight level City Centre located in the Melbourne CBD. Opened in 2014, Emporium Melbourne is an iconic heritage building and includes more than 190 international and specialty stores and a flagship Uniqlo store. Australia's largest video gaming and entertainment venue, Fortress Esports, is opening March 2020.

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PROPERTY OVERVIEW

Co-owner (%)

GIC - 50

Gross lettable area (GLA) (sqm)

45,301

Car spaces

n.a.

Occupancy rate by GLA (%)

97.3

Number of tenants

205

Total Trade Area (000’s)

2,999

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)

421.4

MAT/sqm – Total ($)

10,791

MAT/sqm – Specialty ($)

12,969

Specialty occupancy cost (%)^

20.7

MAJOR TENANTS~

Myer

VALUATION

Valuation (Internal) ($m)*

1,465.0

Valuation date

December 2019

Capitalisation rate (%)

4.25

Discount rate (%)

6.75

SUSTAINABILITY RATINGS

Green Star – Performance

3 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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