Greenwood Plaza indoor dining area
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GREENWOOD PLAZA

36 BLUE ST, NORTH SYDNEY, NSW 2060

Greenwood Plaza is a three-level centre at the base of Mirvac's iconic 101-103 Miller Street office tower, providing a major pedestrian thoroughfare to the busy North Sydney train station. The asset services the growing North Sydney CBD and comprises over 90 specialty retail and service outlets, including Romeo's IGA.

Grade
CBD RETAIL
Ownership
50% Mirvac, 50% Nuveen
GLA
8,945 SQM

Summary information

Acquisition/Agreement Date Jun-94
Last External Valuation Date 30-Jun-20
Valuation at 30-JUN-20 $100.0m
Valuer CBRE
Capitalisation Rate 5.75%
Discount Rate 7.00%
Centre Mat $65.5m
Specialty Occupancy Cost 25.8%
Specialty Sales $8,536/sqm
Car Spaces 347
Valuation: Book value represents Mirvac's ownership and includes the 101-103 Miller St car park.
Specialty occupancy costs: Includes contracted COVID-19 tenant support as at 30 June 2020, but excludes further support provisions.
Specialty sales: In line with SCCA guidelines, adjusted for tenant closures during COVID-19 impacted period.

Lease Expiry Profile % Income

Wale: 3.2 YEARS

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Greenwood Hotel 856 Jan-26
Entity Name NLA / GLA SQM Lease Expiry
IGA Romeo's 864 Dec-30
Greenwood Plaza exterior and street view