Metcentre external signage
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METCENTRE

60 MARGARET ST, SYDNEY, NSW 2000

MetCentre is located at the base of 60 Margaret Street in Sydney and adjoins Wynyard train station, providing a major pedestrian thoroughfare for many CBD workers and visitors. The Centre has excellent exposure to George Street, as well as entrances on Margaret and Jamison Streets and benefits from the light rail on George Street. The centre is anchored by a Woolworths supermarket and has approximately 75 specialty stores, including a significant food offering.

Classification
CBD RETAIL
Ownership
50% Mirvac, 50% Blackstone
GLA
6,407 SQM

Summary information

Acquisition/Agreement Date Aug-98
Last External Valuation Date 30-Jun-21
Valuation at 30-JUN-22 $57.5m
Valuer Directors Valuation
Capitalisation Rate 5.75%
Discount Rate 6.50%
Centre Mat $22.2m
Specialty Occupancy Cost 47.2%
Specialty Sales $4,955/sqm
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.

Lease Expiry Profile % Income

Wale: 2.5 YEARS

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Woolworths 1,486 Aug-29
Metcentre interior

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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.