Orion Springfield Central exterior fountain
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ORION SPRINGFIELD CENTRAL

1 MAIN ST, SPRINGFIELD CENTRAL, QLD 4300

Located in Springfield, the rapidly growing masterplanned city, Orion Springfield Central was developed by Mirvac in March 2007 and underwent a major expansion that was completed in March 2016. The latest development introduced an expanded casual dining, fashion and entertainment offer to position the centre as the dominant retail offer in its catchment. The centre is anchored by Woolworths, Coles, ALDI, Target, Big W and Event Cinemas with over 150 specialty stores and 11 pad sites, with significant land holdings for future expansion.

Classification
REGIONAL
Ownership
100%
GLA
71,724 SQM

Summary information

Acquisition/Agreement Date Aug-02
Last External Valuation Date 31-Dec-21
Valuation at 30-JUN-22 $466.9m
Valuer Directors Valuation
Capitalisation Rate 5.25%
Discount Rate 6.50%
Centre Mat $489.4m
Specialty Occupancy Cost 11.1%
Specialty Sales $10,139/sqm
Car Spaces 3,200
Valuation: Includes sundry vacant land.
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: 3.3 YEARS

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Big W 7,988 Mar-27
Entity Name NLA / GLA SQM Lease Expiry
Target 6,021 Nov-30
Entity Name NLA / GLA SQM Lease Expiry
Events Cinemas 5,801 Jun-31
Entity Name NLA / GLA SQM Lease Expiry
Coles 5,618 Oct-30
Entity Name NLA / GLA SQM Lease Expiry
Woolworths 4,471 Mar-27
Orion Springfield Central outdoor dining area

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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.