East Village interior flower shop
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EAST VILLAGE

4 DEFRIES AVE, ZETLAND, NSW 2017

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 eight years in a row (2016-2023), 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.

Grade
SUB REGIONAL
Ownership
100%
GLA
32,974 SQM

Summary information

Acquisition/Agreement Date Jul 16 (49.9%) Aug 17 (50.1%)
Last External Valuation Date Jun-23
Valuation at 31-DEC-23 $312.0m
Valuer Directors Valuation
Capitalisation Rate 5.50%
Discount Rate 6.75%
Centre Mat $202.2m
Specialty Occupancy Cost 14.8%
Specialty Sales $11,178/sqm
Car Spaces 677
1. Includes contracted COVID-19 tenant support.
2. In line with SCCA guidelines.

Lease Expiry Profile % Income

Wale: 4.4 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
East Village interior people shopping

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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.