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 has over 90 specialty retail and service outlets, including Romeo's IGA supermarket.

Classification
CBD RETAIL
Ownership
50% Mirvac, 50% Nuveen
GLA
9,038 SQM

Summary information

Acquisition/Agreement Date Jun-94
Last External Valuation Date 30-Jun-20
Valuation at 30-JUN-22 $89.0m
Valuer Directors Valuation
Capitalisation Rate 5.75%
Discount Rate 6.50%
Centre Mat $36.4m
Specialty Occupancy Cost 29.6%
Specialty Sales $5,362/sqm
Car Spaces 347
Ownership: During the period Nuveen exchanged its 50% ownership with CapitaLand Integrated Commercial Trust Management Limited (CICT).
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. | Specialty sales: In line with SCCA guidelines, adjusted for tenant closures during COVID-19 impacted period.

Lease Expiry Profile % Income

Wale: 2.4 YEARS

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
IGA Romeo's 864 Feb-31
Entity Name NLA / GLA SQM Lease Expiry
Greenwood Hotel 856 Apr-26
Greenwood Plaza exterior and street view

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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.