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 2019

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 iconic CBD retail destination is anchored by Myer, Target, Coles Central and Event Cinemas and includes more than 140 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 (%)

100.0

Number of tenants

166

Total Trade Area (000’s)

1,296

Weighted average lease expiry by GLA (years)

6.1

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

RETAIL STATISTICS

Moving annual turnover (MAT) ($m)

N/A**

MAT/sqm – Total ($)

N/A**

MAT/sqm – Specialty ($)

N/A**

Specialty occupancy cost (%)^

N/A**

MAJOR TENANTS~

Coles Central

Event Cinemas

Myer

Target

VALUATION

Valuation (External) ($m)*

670.0

Valuation date

December 2019

Capitalisation rate (%)

5.50

Discount rate (%)

6.75

SUSTAINABILITY RATINGS

Green Star – Performance

3 Star

NABERS Energy rating

3.5 Star

NABERS Water rating

3 Star

" Includes holdovers.
^ Includes marketing levy and based on GST inclusive turnover.
** Non-comparable for sales 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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