Chadstone

Cfx0001 756X393 0117 Chatstone Tb 241
Cfx0001 756X393 0116 Chatstone Tb 001
Cfx0001 756X393 0114 Chatstone Victorias Secret
Cfx0001 756X393 0113 Chadstone Int
Cfx0001 756X393 0112 Chatstone Cfs After
Cfx0001 756X393 0118 Chatstone Tb 114

Property Details

As at 31 December 2018

Property Description

Chadstone is a two level Super Regional shopping centre located approximately 17 kilometres south-east of the Melbourne CBD. It is anchored by David Jones, Myer, Kmart, Target, Aldi, Coles, Woolworths and HOYTS Cinema and includes more than 415 specialty stores. In October 2016, Chadstone completed a successful major development incorporating international flagship stores, an expanded luxury offer and a world-class food and entertainment precinct. Victoria's Secret first Australian full-line flagship store opened in November 2018. Construction has commenced on a 250 room, 13-storey hotel adjacent to Chadstone, expected to open in late 2019.

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PROPERTY OVERVIEW

Gross lettable area (GLA) (sqm)

215,056

Car spaces

10,369

Occupancy rate by GLA (%)

99.8

Number of tenants

519

Weighted average lease expiry by GLA (years)

5.6

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

RETAIL STATISTICS

Moving annual turnover (MAT) ($m)

2,134.9

MAT/sqm – Total ($)

12,489

MAT/sqm – Specialty ($)

18,695

Specialty occupancy cost (%)^

17.1

MAJOR TENANTS~

Aldi

Coles

David Jones

HOYTS Cinema

Kmart

Myer

Target

Woolworths

VALUATION

Valuation (Internal) ($m)*

6,300.0

Capitalisation rate (%)

3.75

Discount rate (%)

6.25

SUSTAINABILITY RATINGS

Green Star – Performance

3 Stars

NABERS Energy rating

4.0 Stars

NABERS Water rating

2.0 Stars

" Includes holdovers.
^ Includes marketing levy and based on GST inclusive turnover.
* Expressed on 100% basis.
~ Classified in accordance with SCCA guidelines, typically includes department stores, discount department stores, supermarkets and cinemas.

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