Northland

Cfx0001 756X393 0024 Northland 2751
Cfx0001 756X393 0023 Northland 028
Cfx0001 756X393 0022 Northland 0174
Cfx0001 756X393 0021 Northland 8359
Cfx0001 756X393 0020 Northland 8313
Cfx0001 756X393 0025 Northland 053

Property Details

As at 31 December 2016

Property Description

Northland Shopping Centre is a two level Major Regional shopping centre located approximately 9 kilometres north of the Melbourne CBD. It is anchored by Myer, Kmart, Target, Coles, Woolworths, Aldi, Toys "R" Us and HOYTS Cinema and includes more than 250 specialty stores.

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PROPERTY OVERVIEW

GLA (sqm)

97,412

Car spaces

4,640

Occupancy rate by GLA (%)

99.9

Number of tenants

310

Weighted average lease expiry by GLA (years)

5.5

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

RETAIL STATISTICS

Moving annual turnover (MAT) ($m)

538.7

MAT/sqm – Total ($)

5,991

MAT/sqm – Specialty ($)

8,731

Specialty occupancy cost (%)^

19.2

MAJOR TENANTS~

Aldi

Coles

HOYTS Cinema

Kmart

Myer

Target

Toys "R" Us

Woolworths

VALUATION

Valuation (Internal) ($m)*

965.0

Valuation date

December 2016

Capitalisation rate (%)

5.75

Discount rate (%)

7.75

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SUSTAINABILITY RATINGS