South Village Shopping centre exterior
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SOUTH VILLAGE

580 Princes Hwy, Kirrawee NSW 2232

South Village Shopping Centre is a neighbourhood centre which is part of a broader mixed-use precinct 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, and over 30 specialty stores, with key uses including dining, fresh food and services.

Ownership
100% Mirvac
GLA
14,081 SQM

Summary information

Acquisition/Agreement Date Oct 16 (50%) Jun 17 (50%)
Last External Valuation Date 31-Dec 22
Valuation at 30-JUN-23 $93.4m
Valuer Directors Valuation
Capitalisation Rate 5.75%
Discount Rate 6.75%
Centre Mat $165.7m
Specialty Occupancy Cost $9,222/sqm
Specialty Sales 13.1%
Car Spaces 541
1. Includes contracted COVID-19 tenant support
2. In line with SCCA guidelines, adjusted for tenant closures during COVID-19 impacted period.

Lease Expiry Profile % Income

Wale: 7.6 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.