Ownership
50% Mirvac, 50% ISPT
GLA
45,513 SQM
Summary information
| Acquisition/Agreement Date | Dec 93 (50%) Jun 98 (50%) Dec 17 (-50%) |
|---|---|
| Last External Valuation Date | Jun-22 |
| Valuation at 30-JUN-23 | $180.0m |
| Valuer | Directors Valuation |
| Capitalisation Rate | 6.00% |
| Discount Rate | 7.00% |
| Centre Mat | $354.1m |
| Specialty Occupancy Cost | 15% |
| Specialty Sales | $9,251 SQM |
| Car Spaces | 1,990 |
Valuation: Book value represents Mirvac's ownership.
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.
Major Tenants
| Entity Name | NLA / GLA SQM | Lease Expiry |
|---|---|---|
| Big W | 8,383 | Jun 31 |
| Entity Name | NLA / GLA SQM | Lease Expiry |
| Event Cinemas | 5,865 | Jul 34 |
| Entity Name | NLA / GLA SQM | Lease Expiry |
| Woolworths | 3,710 | Nov 29 |
| Entity Name | NLA / GLA SQM | Lease Expiry |
| Coles | 3,351 | Oct 27 |
| Entity Name | NLA / GLA SQM | Lease Expiry |
| ALDI | 1,753.0 | Jul 24 |
KAWANA SHOPPINGWORLD BUDDINA, QLD
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.