Broadway Sydney street view



This dominant centre is located on the fringe of the Sydney CBD and services the densely populated and growing catchment of Sydney's inner city and inner west. The centre is anchored by two discount department stores (Kmart and Target), two supermarkets (Coles and ALDI) and a cinema (Hoyts). The centre also features key tenants including Harris Farm, Apple, H&M, Mecca, LEGO, with approximately 130 specialty stores.

50% Mirvac, 50% Perron
52,639 SQM

Summary information

Acquisition/Agreement Date Jan-07
Last External Valuation Date 30-Jun-22
Valuation at 30-JUN-22 $423.9m
Valuer CBRE
Capitalisation Rate 4.75%
Discount Rate 6.00%
Centre Mat $565.4m
Specialty Occupancy Cost 21.3%
Specialty Sales $11,646/sqm
Car Spaces 1,665
Valuation: Book value represents Mirvac's ownership. Also includes adjoining properties 52-60 Francis St, Glebe; 80 Bay Street, Ultimo and 1-3 Smail Street, Ultimo.
Capitalisation and discount rate: Relates to retail component only.
Specialty occupancy costs: Includes contracted COVID-19 tenant support. | Specialty sales: In line with SCCA guidelines, adjusted for tenant closures during COVID-19 impacted period.

Lease Expiry Profile % Income

Wale: 2.6 YEARS

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Kmart 7,394 Mar-33
Entity Name NLA / GLA SQM Lease Expiry
Hoyts 4,857 Jul-28
Entity Name NLA / GLA SQM Lease Expiry
Target 4,721 Apr-27
Entity Name NLA / GLA SQM Lease Expiry
Coles 4,122 Jul-24
Entity Name NLA / GLA SQM Lease Expiry
H&M 2,475 Aug-31
Broadway Sydney interior with skylight


Mirvac acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners of the lands and waters of Australia, and we offer our respect to their Elders past and present.  

Artwork: ‘Reimagining Country’, created by Riki Salam (Mualgal, Kaurareg, Kuku Yalanji) of We are 27 Creative.