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Moonee Ponds Central entrance
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MOONEE PONDS CENTRAL

14-16 HALL ST, MOONEE PONDS, VIC 3039

Moonee Ponds Central is located seven kilometres north of the Melbourne CBD and conveniently connected to the bustling Puckle Street retail strip. Moonee Ponds is experiencing strong population growth and densification including immediate neighbouring residents of nearly 1,500 apartments. At the heart of that is Moonee Ponds Central, comprising Kmart, Coles, ALDI, and over 60 specialty stores.

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Ownership
100% Mirvac
GLA
19,036 SQM

Summary information

Acquisition/Agreement Date May 03 & Feb 08
Last External Valuation Date Jun-22
Valuation at 30-JUN-23 $99.0m
Valuer Directors Valuation
Capitalisation Rate 6.00%
Discount Rate 6.75%
Centre Mat $186.5m
Specialty Occupancy Cost 12%
Specialty Sales $9,852 SQM
Car Spaces 854
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: 3.1 YEARS

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Kmart 4,728 Mar 24
Entity Name NLA / GLA SQM Lease Expiry
Coles 4,000 May 32
Entity Name NLA / GLA SQM Lease Expiry
ALDI 1,221 Sep 23
Entity Name NLA / GLA SQM Lease Expiry
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Entity Name NLA / GLA SQM Lease Expiry
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Moonee Ponds Central 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.