Galleria

Galleria1 756X393
Galleria2 756X393
Galleria 756X393

Property Details

As at 31 December 2016

Property Description

Galleria is a two level Major Regional shopping centre located approximately 8 kilometres north-east of the Perth CBD. It is anchored by Myer, Kmart, Target, Coles, Woolworths and Greater Union and includes more than 170 specialty stores.

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PROPERTY OVERVIEW

GLA (sqm)

80,793

Car spaces

4,086

Occupancy rate by GLA (%)

99.9

Number of tenants

220

Weighted average lease expiry by GLA (years)

3.8

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

RETAIL STATISTICS

Moving annual turnover (MAT) ($m)

496.4

MAT/sqm – Total ($)

6,980

MAT/sqm – Specialty ($)

10,996

Specialty occupancy cost (%)^

18.5

MAJOR TENANTS~

Coles

Kmart

Myer

Target

Woolworths

VALUATION

Valuation (External) ($m)*

785.0

Valuation date

December 2016

Capitalisation rate (%)

5.50

Discount rate (%)

7.75

" 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 and supermarkets.

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