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Orion Springfield Central exterior fountain
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ORION SPRINGFIELD CENTRAL

1 MAIN ST, SPRINGFIELD CENTRAL, QLD 4300

Orion Springfield Central was developed by Mirvac and is located in the rapidly growing city of Springfield. The centre is anchored by Woolworths, Coles, ALDI, Target, Big W, Timezone and Event Cinemas with over 150 specialty stores and 11 pad sites. Connected directly to Springfield Central Town Station and Orion Lagoon, this well connected centre also has significant land holdings for future expansion.

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Ownership
100% Mirvac
GLA
72,503 SQM

Summary information

Acquisition/Agreement Date Aug-02
Last External Valuation Date Jun-23
Valuation at 30-JUN-23 $472.5m
Valuer Knight Frank
Capitalisation Rate 5.50%
Discount Rate 7.00%
Centre Mat $538.8m
Specialty Occupancy Cost 10%
Specialty Sales $11,915 SQM
Car Spaces 3,166
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: 3.1 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 4,471.0 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.