East Village interior flower shop



East Village is an award-winning mixed-use retail centre, located three kilometres south of the Sydney CBD and services the rapidly densifying urban area of Zetland. The centre is anchored by Coles, Virgin Active Health Club and approximately 50 specialty stores. The centre ranked “Number 1” in Australia seven years in a row (2016-2022), in Shopping Centre News Little Guns for annual turnover per square metre, and is set to benefit from strong forecast population growth in its catchment.

100% Mirvac
32,951 SQM

Summary information

Acquisition/Agreement Date Jul 16 (49.9%) Aug 17 (50.1%)
Last External Valuation Date Jun-23
Valuation at 30-JUN-23 $312.0m
Valuer Savills
Capitalisation Rate 5.25%
Discount Rate 6.50%
Centre Mat $203.0m
Specialty Occupancy Cost 13%
Specialty Sales $11,404 SQM
Car Spaces 677
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: 4.9 YEARS

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Audi Australia Retail 13,172 Oct 34
Entity Name NLA / GLA SQM Lease Expiry
Virgin Active 4,321 Nov 35
Entity Name NLA / GLA SQM Lease Expiry
Coles 4,015 Oct 34
Entity Name NLA / GLA SQM Lease Expiry
East Phoenix 1,280 Dec 27
Entity Name NLA / GLA SQM Lease Expiry
Victoria Park Montessori Academy 1,173.0 Dec 26
East Village interior people shopping


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.