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South Village Shopping centre exterior
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SOUTH VILLAGE SHOPPING CENTRE

580 PRINCES HWY, KIRRAWEE, NSW 2232

South Village Shopping Centre is a neighbourhood centre which is part of a broader mixed-use project incorporating approximately 750 residential apartments and a significant public park. Located in Kirrawee, 25 kilometres south of Sydney, the centre is serviced by nearby public transport and the Princes Highway. The centre is anchored by Coles and ALDI, with other key uses including dining, fresh food and services, with over 30 specialty stores.

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Classification
NEIGHBOURHOOD
Ownership
100%
GLA
14,040 SQM

Summary information

Acquisition/Agreement Date Oct 16 (50%) Jun 17 (50%)
Last External Valuation Date 31-Dec-22
Valuation at 31-DEC-22 $105.0m
Valuer Cushman & Wakefield
Capitalisation Rate 5.50%
Discount Rate 6.50%
Centre Mat $161.0m
Specialty Occupancy Cost 12.20%
Specialty Sales $9,083/sqm
Car Spaces 541
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: 7.9 YEARS

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Coles 4,501 Nov-38
Entity Name NLA / GLA SQM Lease Expiry
ALDI 1,518 Nov-28
Entity Name NLA / GLA SQM Lease Expiry
Panetta Mercato 982 Dec-30
South Village Shopping centre 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.